REEBOK INTERNATIONAL LTD.
(Amounts in Thousands)
Exhibit 12 - Statement RE: Computation of Ratio of Earnings to Fixed Charges
1994 1993 1992 1991 1990
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Earnings
Pretax income $408,472 $363,247 $257,964 $389,886 $294,835
Add:
Interest on indebtedness 16,515 25,021 20,080 29,295 18,857
Amortization of debt
discount and issuance
costs 1,914 1,368 1,914 1,741 96
Interest on letters of
credit included in cost
of goods sold 40 - 40 87 1,503
Portions of rent
representative of the
interest factor 6,764 7,876 6,764 5,393 4,297
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Income as adjusted $433,705 $397,512 $286,762 $426,402 $319,588
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Fixed Charges
Interest on indebtedness $20,080 $25,021 $20,080 $29,295 $18,857
Amortization of debt
discount and issuance
costs 1,914 1,368 1,914 1,741 96
Interest on letters of
credit included in cost
of goods sold 40 - 40 87 1,503
Portions of rent
representative of the
interest factor 6,764 7,876 6,764 5,393 4,297
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Fixed charges $28,798 $34,265 $28,798 $36,516 $24,753
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Ratio of earnings to
fixed charges 15.1 11.6 10.0 11.7 12.9
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