EXHIBIT 12
GOODRICH CORPORATION
COMPUTATION OF EARNINGS TO FIXED CHARGES
(In millions, except for ratios)
COMPUTATION OF EARNINGS TO FIXED CHARGES
(In millions, except for ratios)
NINE MONTHS ENDED | YEAR ENDED DECEMBER 31 | |||||||||||||||||||||||
SEPTEMBER 30, 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | |||||||||||||||||||
COMPUTATION OF EARNINGS: | ||||||||||||||||||||||||
Income from continuing operations before income taxes | $ | 630.2 | $ | 984.6 | $ | 737.4 | $ | 470.5 | $ | 368.3 | $ | 213.9 | ||||||||||||
Add back: | ||||||||||||||||||||||||
Interest expense, net of capitalized interest | 89.4 | 111.3 | 123.6 | 124.3 | 128.6 | 138.5 | ||||||||||||||||||
Portion of rent expense representing interest | 10.5 | 14.6 | 14.8 | 13.8 | 14.6 | 12.2 | ||||||||||||||||||
Amortization of debt issuance costs | 0.8 | 1.1 | 1.3 | 1.7 | 2.3 | 2.5 | ||||||||||||||||||
Earnings from equity investments | 6.3 | (2.7 | ) | 3.8 | 1.1 | (1.9 | ) | 0.3 | ||||||||||||||||
EARNINGS | $ | 737.2 | $ | 1,108.9 | $ | 880.9 | $ | 611.4 | $ | 511.9 | $ | 367.4 | ||||||||||||
COMPUTATION OF FIXED CHARGES: | ||||||||||||||||||||||||
Interest expense, net of capitalized interest | $ | 89.4 | $ | 111.3 | $ | 123.6 | $ | 124.3 | $ | 128.6 | $ | 138.5 | ||||||||||||
Portion of rent expense representing interest | 10.5 | 14.6 | 14.8 | 13.8 | 14.6 | 12.2 | ||||||||||||||||||
Amortization of debt issuance costs | 0.8 | 1.1 | 1.3 | 1.7 | 2.3 | 2.5 | ||||||||||||||||||
Capitalized interest | 1.5 | 4.5 | 4.7 | 4.6 | 1.4 | 0.5 | ||||||||||||||||||
FIXED CHARGES | $ | 102.2 | $ | 131.5 | $ | 144.4 | $ | 144.4 | $ | 146.9 | $ | 153.7 | ||||||||||||
RATIO OF EARNINGS TO FIXED CHARGES | 7.21 | 8.43 | 6.10 | 4.23 | 3.48 | 2.39 |