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)
YEAR ENDED DECEMBER 31 | ||||||||||||||||||||
2008 | 2007 | 2006 | 2005 | 2004 | ||||||||||||||||
COMPUTATION OF EARNINGS: | ||||||||||||||||||||
Income from continuing operations before income taxes | $ | 966.6 | $ | 716.9 | $ | 456.8 | $ | 354.9 | $ | 205.1 | ||||||||||
Add back: | ||||||||||||||||||||
Interest expense, net of capitalized interest | 111.3 | 123.6 | 124.3 | 128.6 | 138.5 | |||||||||||||||
Portion of rent expense representing interest | 14.6 | 14.8 | 13.8 | 14.6 | 12.2 | |||||||||||||||
Amortization of debt issuance costs | 1.1 | 1.3 | 1.7 | 2.3 | 2.5 | |||||||||||||||
Minority interest and earnings (losses) from equity investments | 15.3 | 24.3 | 14.8 | 11.5 | 9.1 | |||||||||||||||
EARNINGS | $ | 1,108.9 | $ | 880.9 | $ | 611.4 | $ | 511.9 | $ | 367.4 | ||||||||||
COMPUTATION OF FIXED CHARGES: | ||||||||||||||||||||
Interest expense, net of capitalized interest | $ | 111.3 | $ | 123.6 | $ | 124.3 | $ | 128.6 | $ | 138.5 | ||||||||||
Portion of rent expense representing interest | 14.6 | 14.8 | 13.8 | 14.6 | 12.2 | |||||||||||||||
Amortization of debt issuance costs | 1.1 | 1.3 | 1.7 | 2.3 | 2.5 | |||||||||||||||
Capitalized interest | 4.5 | 4.7 | 4.6 | 1.4 | 0.5 | |||||||||||||||
FIXED CHARGES | $ | 131.5 | $ | 144.4 | $ | 144.4 | $ | 146.9 | $ | 153.7 | ||||||||||
RATIO OF EARNINGS TO FIXED CHARGES | 8.43 | 6.10 | 4.23 | 3.48 | 2.39 |