Exhibit 12.1
CHURCH & DWIGHT CO., INC AND SUBSIDIARIES
EXHIBIT 12 - Ratio of Earnings to Fixed Charges
(Dollars in thousands)
| Nine Months Ended October 1, 2010 | Years Ended December 31, | |||||||||||||||||||||||||||||||
| Pro Forma | Pro Forma 2009 | 2009 | 2008 | 2007 | 2006 | 2005 | ||||||||||||||||||||||||||
Interest expense and amortization of debt expense and premium | $ | 16,447 | $ | 21,542 | $ | 28,776 | $ | 35,568 | $ | 46,945 | $ | 58,892 | $ | 54,028 | $ | 44,098 | ||||||||||||||||
Capitalized interest | 640 | 640 | 2,389 | 2,389 | 729 | 764 | 617 | 461 | ||||||||||||||||||||||||
Interest in rent expense | 5,364 | 5,346 | 6,772 | 6,772 | 7,337 | 5,681 | 4,155 | 4,059 | ||||||||||||||||||||||||
Total fixed charges | $ | 22,451 | $ | 27,546 | $ | 37,937 | $ | 44,729 | $ | 55,011 | $ | 65,337 | $ | 58,800 | $ | 48,618 | ||||||||||||||||
Proforma Income before Income Taxes | $ | 352,826 | $ | 347,595 | $ | 399,210 | $ | 392,236 | $ | 308,260 | $ | 264,931 | $ | 213,094 | $ | 174,883 | ||||||||||||||||
Plus: | ||||||||||||||||||||||||||||||||
Fixed Charges | 22,451 | 27,546 | 44,729 | 44,729 | 55,011 | 65,337 | 58,800 | 48,618 | ||||||||||||||||||||||||
Amortization of capitalized interest | 501 | 501 | 562 | 562 | 438 | 398 | 377 | 358 | ||||||||||||||||||||||||
Distributed income from equity investment | 6,261 | 6,261 | 9,296 | 9,296 | 11,019 | 7,074 | 6,668 | 5,528 | ||||||||||||||||||||||||
Less: | ||||||||||||||||||||||||||||||||
Capitalized interest | (640 | ) | (640 | ) | (2,389 | ) | (2,389 | ) | (729 | ) | (764 | ) | (617 | ) | (461 | ) | ||||||||||||||||
Equity in earnings from affiliates | (3,646 | ) | (3,646 | ) | (12,050 | ) | (12,050 | ) | (11,334 | ) | (8,236 | ) | (7,135 | ) | (4,790 | ) | ||||||||||||||||
Noncontrolling interest in pre-tax income of subsidiaries that have not incurred fixed charges | 4 | 4 | 12 | 12 | (8 | ) | (6 | ) | 4 | 91 | ||||||||||||||||||||||
Earnings as adjusted | $ | 377,757 | $ | 377,621 | $ | 439,370 | $ | 432,396 | $ | 362,657 | $ | 328,734 | $ | 271,191 | $ | 224,227 | ||||||||||||||||
Ratio of earnings to fixed charges | 16.8 | 13.7 | 11.6 | 9.7 | 6.6 | 5.0 | 4.6 | 4.6 | ||||||||||||||||||||||||