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Content analysis
?Positive | ||
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Uncertain | ||
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H.S. sophomore Avg
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EXHIBIT 12
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ST. JUDE MEDICAL, INC. |
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES |
(amounts in thousands of dollars) |
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| Nine |
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| FISCAL YEAR |
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| 2009 |
| 2008 |
| 2007 |
| 2006 |
| 2005 |
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EARNINGS |
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Earnings before income taxes |
| $ | 958,087 |
| $ | 1,057,393 |
| $ | 580,768 |
| $ | 710,276 |
| $ | 706,063 |
| $ | 621,046 |
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Plus fixed charges: |
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Interest expense (1) |
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| 50,299 |
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| 45,603 |
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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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Rent interest factor (2) |
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| 8,387 |
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| 11,183 |
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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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TOTAL FIXED CHARGES |
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| 58,686 |
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| 56,786 |
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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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EARNINGS BEFORE INCOME TAXES AND FIXED CHARGES |
| $ | 1,016,773 |
| $ | 1,114,179 |
| $ | 662,849 |
| $ | 791,678 |
| $ | 762,714 |
| $ | 639,091 |
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RATIO OF EARNINGS TO FIXED CHARGES |
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| 17.3 |
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| 19.6 |
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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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| (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. |