1 BRIGGS & STRATTON CORPORATION AND SUBSIDIARIES 2001 Annual Report on Form 10-K EXHIBIT 12 COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES (Dollars in thousands) Fiscal Year Ended ------------------------------------------------------------------------------ July 1, July 2, June 27, June 28, June 29, 2001 2000 1999 1998 1997 ------------------------------------------------------------------------------ Net income $ 48,013 $ 136,473 $ 106,101 $ 70,645 $ 61,565 Add: Interest 30,665 21,267 17,024 19,352 9,880 Income tax expense and other taxes on income 23,860 80,150 63,670 42,500 37,740 Fixed charges of unconsolidated subsidiaries - 119 279 510 668 ----------- ----------- ----------- ----------- ----------- Earnings as defined $ 102,538 $ 238,009 $ 187,074 $ 133,007 $ 109,853 =========== =========== =========== =========== =========== Interest $ 30,665 $ 21,267 $ 17,024 $ 19,352 $ 9,880 Fixed charges of unconsolidated subsidiaries - 119 279 510 668 ----------- ----------- ----------- ----------- ----------- Fixed charges as defined $ 30,665 $ 21,386 $ 17,303 $ 19,862 $ 10,548 =========== =========== =========== =========== =========== Ratio of earnings to fixed charges 3.3 x 11.1 x 10.8 x 6.7 x 10.4 x =========== =========== =========== =========== ===========