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Content analysis
?Positive | ||
Negative | ||
Uncertain | ||
Constraining | ||
Legalese | ||
Litigous | ||
Readability |
7th grade Avg
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- 10-K Annual report
- 10.2 Letter Agreement
- 10.13 Company's Director Stock Option
- 12 Computation of Ratio of Earnings to Fixed Charges
- 21 Schedule of Subsidiaries of Company
- 23 Consent of Independent Accountants
- 24 Power of Attorney
- 99.1 Power of Attorney - Judy C. Odom
- 99.2 Certification of Felix E. Wright
- 99.3 Certification of Michael A. Glauber
EXHIBIT 12
LEGGETT AND PLATT, INCORPORATED AND SUBSIDIARIES
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Amounts in millions of dollars)
Twelve Months Ended December 31, | |||||||||||||||
2002 | 2001 | 2000 | 1999 | 1998 | |||||||||||
Earnings | |||||||||||||||
Income from continuing operations before income tax | $ | 363.5 | $ | 297.3 | $ | 418.6 | $ | 462.6 | $ | 395.6 | |||||
Interest expense (excluding amount capitalized) |
| 42.1 |
| 58.8 |
| 66.3 |
| 43.0 |
| 38.5 | |||||
Portion of rental expense under operating leases representative of an interest factor |
| 11.2 |
| 10.6 |
| 9.4 |
| 8.2 |
| 6.7 | |||||
Total earnings | $ | 416.8 | $ | 366.7 | $ | 494.3 | $ | 513.8 | $ | 440.8 | |||||
Fixed charges | |||||||||||||||
Interest expense (including amount capitalized) | $ | 43.3 | $ | 60.2 | $ | 67.7 | $ | 44.0 | $ | 39.2 | |||||
Portion of rental expense under operating leases representative of an interest factor |
| 11.2 |
| 10.6 |
| 9.4 |
| 8.2 |
| 6.7 | |||||
Total fixed charges | $ | 54.5 | $ | 70.8 | $ | 77.1 | $ | 52.2 | $ | 45.9 | |||||
Ratio of earnings to fixed charges |
| 7.6 |
| 5.2 |
| 6.4 |
| 9.8 |
| 9.6 | |||||
Earnings consist principally of income from continuing operations before income taxes, plus fixed charges. Fixed charges consist principally of interest costs.