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Exhibit 12
COOPER INDUSTRIES, INC.
COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES
(Dollar Amounts in Thousands)
(Unaudited)
Three Months Ended
March 31, Year Ended December 31,
--------- -----------------------
2001 2000 2000 1999 1998 1997 1996
---- ---- ---- ---- ---- ---- ----
Interest Expense $ 25,100 $ 18,300 $ 100,300 $ 55,200 $101,900 $ 90,400 $ 142,100
Capitalized Interest 375 1,200 3,946 -- -- -- --
Estimated Interest Portion of
Rent Expense 4,574 3,827 15,614 13,948 12,352 10,864 10,035
--------- --------- --------- --------- -------- --------- ---------
Fixed Charges $ 30,049 $ 23,327 $ 119,860 $ 69,148 $114,252 $ 101,264 $ 152,135
========= ========= ========= ========= ======== ========= =========
Income From Continuing
Operations Before Income Taxes $ 86,800 $ 129,100 $ 549,900 $ 518,600 $523,600 $ 483,200 $ 470,700
Add: Fixed Charges 29,674 22,127 115,914 69,148 114,252 101,264 152,135
Dividends From Less Than
50% Owned Companies -- -- -- -- -- -- 287
Less: Equity in (Earnings) / Losses
of Less Than 50% Owned
Companies (702) (1,289) (3,367) (1,069) 595 (320) (1,609)
--------- --------- --------- --------- -------- --------- ---------
Earnings Before Fixed Charges $ 115,772 $ 149,938 $ 662,447 $ 586,679 $638,447 $ 584,144 $ 621,513
========= ========= ========= ========= ======== ========= =========
Ratio of Earnings to Fixed Charges 3.9x 6.4x 5.5x 8.5x 5.6x 5.8x 4.1x
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