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 | ||||||||||||||||||||||||||||
SEPTEMBER 30, | YEAR ENDED DECEMBER 31, | |||||||||||||||||||||||||||
2008 | 2007 | 2007 | 2006 | 2005 | 2004 | 2003 | ||||||||||||||||||||||
COMPUTATION OF EARNINGS: | ||||||||||||||||||||||||||||
Income from continuing operations before income taxes and distributions on trust preferred securities | $ | 747.5 | $ | 520.1 | $ | 716.9 | $ | 456.8 | $ | 354.9 | $ | 205.1 | $ | 89.5 | ||||||||||||||
Add back: | ||||||||||||||||||||||||||||
Interest expense, net of capitalized interest | 84.4 | 92.8 | 123.6 | 124.3 | 128.6 | 138.5 | 149.1 | |||||||||||||||||||||
Portion of rent expense representing interest | 12.3 | 11.2 | 14.8 | 13.8 | 14.6 | 12.2 | 14.0 | |||||||||||||||||||||
Amortization of debt issuance costs | 0.8 | 1.0 | 1.3 | 1.7 | 2.3 | 2.5 | 2.5 | |||||||||||||||||||||
Minority interest and earnings (losses) from equity investments | 12.3 | 17.5 | 24.3 | 14.8 | 11.5 | 9.1 | 5.2 | |||||||||||||||||||||
EARNINGS | $ | 857.3 | $ | 642.6 | $ | 880.9 | $ | 611.4 | $ | 511.9 | $ | 367.4 | $ | 260.3 | ||||||||||||||
COMPUTATION OF FIXED CHARGES: | ||||||||||||||||||||||||||||
Interest expense, net of capitalized interest | $ | 84.4 | $ | 92.8 | $ | 123.6 | $ | 124.3 | $ | 128.6 | $ | 138.5 | $ | 149.1 | ||||||||||||||
Distributions on trust preferred securities | — | — | — | — | — | — | 7.9 | |||||||||||||||||||||
Portion of rent expense representing interest | 12.3 | 11.2 | 14.8 | 13.8 | 14.6 | 12.2 | 14.0 | |||||||||||||||||||||
Amortization of debt issuance costs | 0.8 | 1.0 | 1.3 | 1.7 | 2.3 | 2.5 | 2.5 | |||||||||||||||||||||
Capitalized interest | 3.4 | 3.6 | 4.7 | 4.6 | 1.4 | 0.5 | 0.1 | |||||||||||||||||||||
FIXED CHARGES | $ | 100.9 | $ | 108.6 | $ | 144.4 | $ | 144.4 | $ | 146.9 | $ | 153.7 | $ | 173.6 | ||||||||||||||
RATIO OF EARNINGS TO FIXED CHARGES | 8.50 | 5.92 | 6.10 | 4.23 | 3.48 | 2.39 | 1.50 |