EXHIBIT 12
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NEWELL RUBBERMAID INC. AND SUBSIDIARIES
STATEMENT OF COMPUTATION OF
RATIO OF EARNINGS TO FIXED CHARGES
Quarter Ended March 31,
2002 2001
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(In thousands, except
ratio data)
Earnings available to fixed charges:
Income before income taxes and
cumulative effect of accounting change $77,218 $60,987
Fixed charges:
Interest expense 25,060 39,321
Portion of rent determined to
be interest (1) 9,648 8,941
Minority interest in income of
subsidiary trust 6,685 6,677
Equity earnings (904) (2,306)
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$117,707 $113,620
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Fixed charges:
Interest expense $25,060 $39,321
Portion of rent determined to
be interest (1) 9,648 8,941
Minority interest in income of
subsidiary trust 6,685 6,677
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$41,393 $54,939
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Ratio of earnings to fixed charges 2.84 2.84
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(1) A standard ratio of 33% was applied to gross rent expense to
approximate the interest portion of short-term and long-term
leases.