Attached files
Exhibit 12
Biomet, Inc.
Computation of Ratio of Earnings to Fixed Charges
(in millions, except ratios)
Three Months Ended August 31, 2009 |
Three Months Ended August 31, 2008 |
2007 | 2006 | 2005 | 2004 | |||||||||||||||||
Earnings: |
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Earnings (loss) before income taxes |
$ | (48.1 | ) | $ | (93.1 | ) | $ | 501.6 | $ | 611.0 | $ | 546.5 | $ | 500.7 | ||||||||
Add: Fixed charges (per below) |
197.1 | 221.6 | 9.3 | 11.7 | 9.2 | 4.2 | ||||||||||||||||
Total earnings (loss) |
$ | 149.0 | $ | 128.5 | $ | 510.9 | $ | 622.7 | $ | 555.7 | $ | 504.9 | ||||||||||
Fixed charges: |
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Interest expense |
$ | 131.5 | $ | 141.9 | $ | 9.3 | $ | 11.7 | $ | 9.2 | $ | 4.2 | ||||||||||
Amortization of bond premium |
0.4 | 0.4 | | | | | ||||||||||||||||
Deferred financing costs |
65.2 | 79.3 | | | | | ||||||||||||||||
Total fixed charges |
$ | 197.1 | $ | 221.6 | $ | 9.3 | $ | 11.7 | $ | 9.2 | $ | 4.2 | ||||||||||
Ratio of earnings to fixed charges |
N/A | (1) | N/A | (1) | 54.9 | 53.2 | 60.4 | 120.2 |
(1) | Earnings were inadequate to cover fixed charges for the three months ended August 31, 2009 and 2008 by $48.1 million and $93.1 million, respectively. |