Home » Danaher Annual Reports » 2008 Annual Report - page 328

Danaher 2008 Annual Report Download - page 328

Download and view the complete annual report

Please find page 328 of the 2008 Danaher annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Exhibit 12.1
DANAHER CORPORATION AND SUBSIDIARIES
STATEMENT REGARDING COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
($ IN THOUSANDS, EXCEPT RATIO DATA)
 
    2004    2005    2006    2007    2008
Fixed Charges:               
Gross Interest Expense    $ 54,487   $44,540   $79,375   $ 109,702   $130,174
Interest Element of Rental Expense     9,672    10,744    12,369    14,804     10,763
Interest on FIN 48 liabilities      —       —       —       —       —  
Total Fixed Charges    $64,159   $55,284   $ 91,744   $124,506   $140,937
Earnings Available for Fixed Charges:
Earnings from Continuing Operations before income taxes    $1,042,667   $1,217,742   $1,428,843   $1,637,099   $1,749,307
Add fixed charges     64,159    55,284     91,744    124,506    140,937
Interest on FIN 48 liabilities      —       —       —       —       —  
Total Earnings Available for Fixed Charges    $1,106,826   $1,273,026   $1,520,587   $1,761,605   $1,890,244
Ratio of Earnings to Fixed Charges     17.3    23.0    16.6    14.1    13.4
NOTE: These Ratios include Danaher Corporation and its consolidated subsidiaries. The ratio of earnings to fixed charges was computed by dividing
earnings by fixed charges for the periods indicated, where “earnings” consist of (1) earnings from continuing operations before incomes taxes plus (2) fixed
charges, and “fixed charges” consist of (a) interest, whether expensed or capitalized, on all indebtedness, (b) amortization of premiums, discounts and
capitalized expenses related to indebtedness, and (c) an interest component representing the estimated portion of rental expense that management believes is
attributable to interest. Interest on FIN 48 liabilities is included in the tax provision in the Company’s Consolidated Condensed Statements of Earnings and is
excluded from the computation of fixed charges.
Source: DANAHER CORP /DE/, 10-K, February 25, 2009 Powered by Morningstar® Document Research℠
The information contained herein may not be copied, adapted or distributed and is not warranted to be accurate, complete or timely. The user assumes all risks for any damages or losses arising from any use of this information,
except to the extent such damages or losses cannot be limited or excluded by applicable law. Past financial performance is no guarantee of future results.