EXHIBIT 12
ST. JUDE MEDICAL, INC.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(amounts in thousands of dollars)
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(amounts in thousands of dollars)
Six | ||||||||||||||||||||||||
Months Ended | FISCAL YEAR | |||||||||||||||||||||||
July 4, 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | |||||||||||||||||||
EARNINGS | ||||||||||||||||||||||||
Earnings before income taxes | $ | 574,646 | $ | 580,768 | $ | 710,276 | $ | 706,063 | $ | 621,046 | $ | 537,192 | ||||||||||||
Plus fixed charges: | ||||||||||||||||||||||||
Interest expense (1) | 12,570 | 72,554 | 72,258 | 48,461 | 10,386 | 4,810 | ||||||||||||||||||
Rent interest factor (2) | 4,764 | 9,527 | 9,144 | 8,190 | 7,659 | 5,778 | ||||||||||||||||||
TOTAL FIXED CHARGES | 17,334 | 82,081 | 81,402 | 56,651 | 18,045 | 10,588 | ||||||||||||||||||
EARNINGS BEFORE INCOME TAXES AND FIXED CHARGES | $ | 591,980 | $ | 662,849 | $ | 791,678 | $ | 762,714 | $ | 639,091 | $ | 547,780 | ||||||||||||
RATIO OF EARNINGS TO FIXED CHARGES | 34.2 | 8.1 | 9.7 | 13.5 | 35.4 | 51.7 | ||||||||||||||||||
(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. |