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H.S. freshman Avg
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EXHIBIT 12
ST. JUDE MEDICAL, INC.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(amounts in thousands of dollars)
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| Three |
| FISCAL YEAR |
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| 2008 | 2007 | 2006 | 2005 | 2004 | ||||||||||||
EARNINGS |
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Earnings before income taxes |
| $ | 274,960 |
| $ | 580,768 |
| $ | 710,276 |
| $ | 706,063 |
| $ | 621,046 |
| $ | 537,192 |
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Plus fixed charges: |
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Interest expense (1) |
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| 6,951 |
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| 72,554 |
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| 72,258 |
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| 48,461 |
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| 10,386 |
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| 4,810 |
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Rent interest factor (2) |
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| 2,382 |
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| 9,527 |
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| 9,144 |
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| 8,190 |
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| 7,659 |
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| 5,778 |
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TOTAL FIXED CHARGES |
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| 9,333 |
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| 82,081 |
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| 81,402 |
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| 56,651 |
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| 18,045 |
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| 10,588 |
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EARNINGS BEFORE INCOME |
| $ | 284,293 |
| $ | 662,849 |
| $ | 791,678 |
| $ | 762,714 |
| $ | 639,091 |
| $ | 547,780 |
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RATIO OF EARNINGS |
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| 30.5 |
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| 8.1 |
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| 9.7 |
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| 13.5 |
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| 35.4 |
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| 51.7 |
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| (1) | Interest expense consists of interest on indebtedness and amortization of debt issuance costs. Interest expense amounts for fiscal year 2008, 2007, 2006 and 2005 have been adjusted by $49,973, $34,029, $14,578 and $358, respectively, to reflect the retrospective accounting adjustments required under FSP APB No. 14-1. |
| (2) | Approximately one-third of rental expense is deemed representative of the interest factor. |