EX-12.1 5 d434763dex121.htm RATIOS TO EARNINGS TO FIXED CHARGES Ratios to Earnings to Fixed Charges

Exhibit 12.1

Roper Industries, Inc.

Statement Regarding Computation of Ratios of Earnings to Fixed Charges

and to

Combined Fixed Charges and Preferred Stock Dividends

 

                                        Nine Months      Nine Months  
     Year Ended      Year Ended      Year Ended      Year Ended      Year Ended      Ended      Ended  
     Dec. 31      Dec. 31      Dec. 31      Dec. 31      Dec. 31      Sep. 30      Sep. 30  
     2007      2008      2009      2010      2011      2011      2012  

Ratio of Earnings to Fixed Charges

      6.6x         7.2x         6.0x         6.8x         9.0x         8.6x         9.6x   
  

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

  

Earnings Computation:

                     

Income from continuing operations before income taxes

    $ 376,997       $ 428,816       $ 339,768       $ 448,394       $ 604,987       $ 433,564       $ 481,842   

Add: Fixed Charges (1)

      67,324         69,028         68,368         77,077         75,542         56,854         56,248   
  

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

  

Equals: Earnings as defined

    $ 444,321       $ 497,844       $ 408,136       $ 525,471       $ 680,529       $ 490,418       $ 538,090   
  

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

  

(1) Fixed Charges Computation:

                     

Interest expense and amortization of debt issuance costs

    $ 58,855       $ 60,819       $ 59,347       $ 67,322       $ 65,607       $ 49,403       $ 49,017   

Add: Estimated interest portion of rental expense charged to income (one-third of rent expense)

      8,469         8,209         9,021         9,755         9,935         7,451         7,231   

Add: Preference security dividend requirements of consolidated subsidiaries

      —           —           —           —           —           —           —     
  

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

  

Equals: Fixed Charges as defined

    $ 67,324       $ 69,028       $ 68,368       $ 77,077       $ 75,542       $ 56,854       $ 56,248   
  

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

  

For purposes of calculating these ratios, earnings is the amount resulting from adding (a) earnings from continuing operations before income taxes and (b) fixed charges. Fixed charges for these purposes include (a) interest expense, (b) amortization of debt issuance costs, and (c) one-third of rental expense, which we consider to be a reasonable approximation of the interest factor included in rental expense. Currently, we have no shares of preferred stock outstanding and we have not paid any dividends on preferred stock in the periods presented. Therefore, the ratios of earnings to combined fixed charges and preferred stock dividends are not different from the ratios of earnings to fixed charges.