| DENTSPLY International Inc. | ||||||||||||||||||||
| Computation of Ratios of Earnings to Fixed Charges | ||||||||||||||||||||
| Exhibit 12.1 | ||||||||||||||||||||
| (in thousands except ratios) | Year Ended December 31, | |||||||||||||||||||
| 2012 | 2011 | 2010 | 2009 | 2008 | ||||||||||||||||
| Consolidated Earnings: | ||||||||||||||||||||
| Pre-tax income from continuing operations | $ | 330,679 | $ | 256,111 | $ | 357,656 | $ | 363,356 | $ | 354,873 | ||||||||||
| before adjustment for income or loss from | ||||||||||||||||||||
| equity interests | ||||||||||||||||||||
| Add fixed charges computed below | 82,186 | 66,761 | 37,171 | 33,210 | 43,409 | |||||||||||||||
| Net adjustments for capitalized interest | 52 | 52 | 43 | 45 | 43 | |||||||||||||||
| Consolidated Earnings Available for Fixed Charges | $ | 412,917 | $ | 322,924 | $ | 394,870 | $ | 396,612 | $ | 398,325 | ||||||||||
| Consolidated Fixed Charges: | ||||||||||||||||||||
Interest expense per financial statements (a) | $ | 56,851 | $ | 43,814 | $ | 25,089 | $ | 21,896 | $ | 32,527 | ||||||||||
| Interest expense - capitalized | 60 | 132 | 22 | 137 | 685 | |||||||||||||||
| Amortization of deferred financing | 7,045 | 8,023 | 428 | 443 | 364 | |||||||||||||||
| One-third of rental expense representing reasonable approximation of the interest factor | 18,230 | 14,792 | 11,633 | 10,733 | 9,833 | |||||||||||||||
| Consolidated Fixed Charges | $ | 82,186 | $ | 66,761 | $ | 37,171 | $ | 33,210 | $ | 43,409 | ||||||||||
| Consolidated Ratio of Earnings to Fixed Charges | 5.02 | 4.84 | 10.62 | 11.94 | 9.18 | |||||||||||||||
| (a) Does not include interest related to uncertain tax positions. | ||||||||||||||||||||
DENTSPLY SIRONA (XRAY)
Filed: 20 Feb 13, 12:00am