EXHIBIT 12.1
C. R. BARD, INC. AND SUBSIDIARIES
Exhibit 12.1 - Computation of Ratio of Earnings to Fixed Charges
Nine Months | Years Ended December 31, | |||||||||||||||||||||||
Ended September 30, | ||||||||||||||||||||||||
2014 | 2013 | 2012 | 2011 | 2010 | 2009 | |||||||||||||||||||
(dollars in millions) | ||||||||||||||||||||||||
Earnings from operations before taxes | $ | 271.1 | $ | 1,213.4 | $ | 732.4 | $ | 510.8 | $ | 717.7 | $ | 671.5 | ||||||||||||
Add (Deduct): | ||||||||||||||||||||||||
Fixed charges | 39.2 | 52.4 | 46.1 | 42.7 | 18.4 | 17.5 | ||||||||||||||||||
Undistributed earnings of equity investments | (0.3) | (1.0) | (9.6) | (3.8) | (3.6) | (2.3) | ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Earnings available for fixed charges | $ | 310.0 | $ | 1,264.8 | $ | 768.9 | $ | 549.7 | $ | 732.5 | $ | 686.7 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Fixed charges: | ||||||||||||||||||||||||
Interest, including amounts capitalized(1) | $ | 33.6 | $ | 45.0 | $ | 39.6 | $ | 36.4 | $ | 12.7 | $ | 11.8 | ||||||||||||
Proportion of rent expense deemed to represent interest factor | 5.6 | 7.4 | 6.5 | 6.3 | 5.7 | 5.7 | ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Fixed charges | $ | 39.2 | $ | 52.4 | $ | 46.1 | $ | 42.7 | $ | 18.4 | $ | 17.5 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Ratio of earnings to fixed charges | 7.91 | 24.14 | 16.68 | 12.87 | 39.81 | 39.24 | ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
(1) | Interest related to unrecognized tax benefits is included as income tax expense and not included in fixed charges. |