Exhibit 12
CHURCH & DWIGHT CO., INC. AND SUBSIDIARIES
Exhibit 12 - Ratio of Earning to Fixed Charges
(In thousands)
| Years ended December 31 | ||||||||||||||||||||
| 2009 | 2008 | 2007 | 2006 | 2005 | ||||||||||||||||
Interest expense and amortization of debt expense and premium | $ | 35,568 | $ | 46,945 | $ | 58,892 | $ | 54,028 | $ | 44,098 | ||||||||||
Capitalized interest | 2,389 | 729 | 764 | 617 | 461 | |||||||||||||||
Interest in rent expense | 6,772 | 7,337 | 5,681 | 4,155 | 4,059 | |||||||||||||||
Total fixed charges | $ | 44,729 | $ | 55,011 | $ | 65,337 | $ | 58,800 | $ | 48,618 | ||||||||||
Income before income taxes | $ | 392,236 | $ | 308,260 | $ | 264,931 | $ | 213,094 | $ | 174,883 | ||||||||||
Plus: | ||||||||||||||||||||
Fixed Charges | 44,729 | 55,011 | 65,337 | 58,800 | 48,618 | |||||||||||||||
Amortization of capitalized interest | 562 | 438 | 398 | 377 | 358 | |||||||||||||||
Distributed income from equity investment | 9,296 | 11,019 | 7,074 | 6,668 | 5,528 | |||||||||||||||
Less: | ||||||||||||||||||||
Capitalized interest | (2,389 | ) | (729 | ) | (764 | ) | (617 | ) | (461 | ) | ||||||||||
Equity in earnings from affiliates | (12,050 | ) | (11,334 | ) | (8,236 | ) | (7,135 | ) | (4,790 | ) | ||||||||||
Noncontrolling interest in pre-tax income of subsidiaries that have not incurred fixed charges | 12 | (8 | ) | (6 | ) | 4 | 91 | |||||||||||||
Earnings as adjusted | $ | 432,396 | $ | 362,657 | $ | 328,734 | $ | 271,191 | $ | 224,227 | ||||||||||
Ratio of earnings to fixed charges | 9.7 | 6.6 | 5.0 | 4.6 | 4.6 | |||||||||||||||