Exhibit 99.2
ST. JUDE MEDICAL, INC.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(in thousands)
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| FISCAL YEAR |
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| 2008 |
| 2007 |
| 2006 |
| 2005 |
| 2004 |
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EARNINGS |
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Earnings before income taxes |
| $ | 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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| 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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| 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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| 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 TAXES AND FIXED CHARGES |
| $ | 662,849 |
| $ | 791,678 |
| $ | 762,714 |
| $ | 639,091 |
| $ | 547,780 |
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RATIO OF EARNINGS TO FIXED CHARGES |
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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. Amounts have been adjusted for the impact of adopting Financial Accounting Standards Board Staff Position (FSP) Accounting Principles Board (APB) Opinion No. 14-1, Accounting for Convertible Debt Instruments That May Be Settled in Cash upon Conversion (Including Partial Cash Settlement) (FSP APB No. 14-1). |
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(2) | Approximately one-third of rental expense is deemed representative of the interest factor. |