St. Jude Medical (STJ) 10-Q 2009 Q2 Quarterly report

EXHIBIT 12

ST. JUDE MEDICAL, INC.
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.