- Track your favorite companies
- Receive email alerts for new filings
- Personalized dashboard of news and more
- Access all data and search results
Content analysis
?- 10-Q Quarterly report
- 3.1 Articles of Inc., As Amended on May 9, 2008
- 12 Computation of Ratio Earnings to Fixed Charges
- 31.1 Certification of CEO Pursuant to Section 302
- 31.2 Certification of CFO Pursuant to Section 302
- 32.1 Certification of CEO Pursuant to Section 906
- 32.2 Certification of CFO Pursuant to Section 906
EXHIBIT 12
ST. JUDE MEDICAL, INC.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(in thousands)
|
| Six Months |
| FISCAL YEAR |
| ||||||||||||||
|
| June 28, 2008 |
| 2007 |
| 2006 |
| 2005 |
| 2004 |
| 2003 |
| ||||||
EARNINGS |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Earnings before income taxes |
| $ | 550,414 |
| $ | 744,305 |
| $ | 720,641 |
| $ | 621,404 |
| $ | 537,192 |
| $ | 458,637 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Plus fixed charges: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest expense (1) |
|
| 10,118 |
|
| 38,229 |
|
| 33,883 |
|
| 10,028 |
|
| 4,810 |
|
| 3,746 |
|
Rent interest factor (2) |
|
| 4,572 |
|
| 9,144 |
|
| 8,190 |
|
| 7,659 |
|
| 5,778 |
|
| 5,513 |
|
TOTAL FIXED CHARGES |
|
| 14,690 |
|
| 47,373 |
|
| 42,073 |
|
| 17,687 |
|
| 10,588 |
|
| 9,259 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
EARNINGS BEFORE INCOME TAXES AND FIXED CHARGES |
| $ | 565,104 |
| $ | 791,678 |
| $ | 762,714 |
| $ | 639,091 |
| $ | 547,780 |
| $ | 467,896 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
RATIO OF EARNINGS TO FIXED CHARGES |
|
| 38.5 |
|
| 16.7 |
|
| 18.1 |
|
| 36.1 |
|
| 51.7 |
|
| 50.5 |
|
| (1) | Interest expense consists of interest on indebtedness and amortization of debt issuance costs. |
| (2) | Approximately one-third of rental expense is deemed representative of the interest factor. |