EXHIBIT 12
GOODRICH CORPORATION
COMPUTATION OF EARNINGS TO FIXED CHARGES
(In millions, except for ratios)
NINE MONTHS ENDED SEPTEMBER 30, | YEAR ENDED DECEMBER 31, | |||||||||||||||||||||||||||
2011 | 2010 | 2010 | 2009 | 2008 | 2007 | 2006 | ||||||||||||||||||||||
COMPUTATION OF EARNINGS: | ||||||||||||||||||||||||||||
Income from continuing operations before income taxes and distributions on trust preferred securities | $ | 824.7 | $ | 641.8 | $ | 804.9 | $ | 784.1 | $ | 984.6 | $ | 737.4 | $ | 470.5 | ||||||||||||||
Add back: | ||||||||||||||||||||||||||||
Interest expense, net of capitalized interest | 102.8 | 101.1 | 136.0 | 119.9 | 111.3 | 123.6 | 124.3 | |||||||||||||||||||||
Portion of rent expense representing interest | 12.7 | 11.1 | 14.9 | 13.9 | 14.6 | 14.8 | 13.8 | |||||||||||||||||||||
Amortization of debt issuance costs | 1.3 | 1.0 | 1.5 | 1.1 | 1.1 | 1.3 | 1.7 | |||||||||||||||||||||
Earnings from equity investments | (1.1 | ) | 1.2 | 3.4 | 3.5 | (2.7 | ) | 3.8 | 1.1 | |||||||||||||||||||
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EARNINGS | $ | 940.4 | $ | 756.2 | $ | 960.7 | $ | 922.5 | $ | 1,108.9 | $ | 880.9 | $ | 611.4 | ||||||||||||||
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COMPUTATION OF FIXED CHARGES: | ||||||||||||||||||||||||||||
Interest expense, net of capitalized interest | $ | 102.8 | $ | 101.1 | $ | 136.0 | $ | 119.9 | $ | 111.3 | $ | 123.6 | $ | 124.3 | ||||||||||||||
Distributions on trust preferred securities | — | — | — | — | — | — | — | |||||||||||||||||||||
Portion of rent expense representing interest | 12.7 | 11.1 | 14.9 | 13.9 | 14.6 | 14.8 | 13.8 | |||||||||||||||||||||
Amortization of debt issuance costs | 1.3 | 1.0 | 1.5 | 1.1 | 1.1 | 1.3 | 1.7 | |||||||||||||||||||||
Capitalized interest | 1.5 | 1.1 | 1.5 | 1.8 | 4.5 | 4.7 | 4.6 | |||||||||||||||||||||
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FIXED CHARGES | $ | 118.3 | $ | 114.3 | $ | 153.9 | $ | 136.7 | $ | 131.5 | $ | 144.4 | $ | 144.4 | ||||||||||||||
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RATIO OF EARNINGS TO FIXED CHARGES | 7.9 | 6.6 | 6.2 | 6.7 | 8.4 | 6.1 | 4.2 |