DENTSPLY SIRONA (XRAY) 10-K 2012 FY Annual report

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.