Attached files
| file | filename |
|---|---|
| 10-Q - FORM 10-Q - PRAXAIR INC | d10q.htm |
| EX-31.02 - RULE 13A-14(A) CERTIFICATION - PRAXAIR INC | dex3102.htm |
| EX-32.02 - SECTION 1350 CERTIFICATION - PRAXAIR INC | dex3202.htm |
| EX-32.01 - SECTION 1350 CERTIFICATION - PRAXAIR INC | dex3201.htm |
| EX-31.01 - RULE 13A-14(A) CERTIFICATION - PRAXAIR INC | dex3101.htm |
Exhibit 12.01
RATIO OF EARNINGS TO FIXED CHARGES
Praxair, Inc. and Subsidiaries
| Nine Months Ended September 30, 2009 |
Year Ended December 31, | |||||||||||||||||||||||
| (Dollar amounts in millions, except ratios) |
2008 | 2007 | 2006 | 2005 | 2004 | |||||||||||||||||||
| Pre-tax income from continuing operations before adjustment for noncontrolling interests in consolidated subsidiaries or income or loss from equity investees |
$ | 963 | $ | 1,685 | $ | 1,613 | $ | 1,364 | $ | 1,130 | $ | 948 | ||||||||||||
| Capitalized interest |
(39 | ) | (44 | ) | (35 | ) | (21 | ) | (11 | ) | (7 | ) | ||||||||||||
| Depreciation of capitalized interest |
12 | 17 | 15 | 14 | 14 | 13 | ||||||||||||||||||
| Dividends from less than 50%-owned companies carried at equity |
4 | 24 | 8 | 9 | 17 | 11 | ||||||||||||||||||
| Adjusted pre-tax income from continuing operations before adjustment for noncontrolling interests in consolidated subsidiaries or income or loss from equity investees |
$ | 940 | $ | 1,682 | $ | 1,601 | $ | 1,366 | $ | 1,150 | $ | 965 | ||||||||||||
| Fixed charges |
||||||||||||||||||||||||
| Interest on long-term and short-term debt |
$ | 100 | $ | 198 | $ | 173 | $ | 155 | $ | 163 | $ | 155 | ||||||||||||
| Capitalized interest |
39 | 44 | 35 | 21 | 11 | 7 | ||||||||||||||||||
| Rental expenses representative of an interest factor |
26 | 37 | 34 | 32 | 32 | 29 | ||||||||||||||||||
| Preferred stock dividend requirements of consolidated subsidiaries |
— | — | — | — | — | 1 | ||||||||||||||||||
| Total fixed charges |
165 | 279 | 242 | 208 | 206 | 192 | ||||||||||||||||||
| Less: preferred stock dividend requirements of consolidated subsidiaries |
— | — | — | — | — | (1 | ) | |||||||||||||||||
| Total fixed charges less preferred stock dividends |
$ | 165 | $ | 279 | $ | 242 | $ | 208 | $ | 206 | $ | 191 | ||||||||||||
| Adjusted pre-tax income from continuing operations before adjustment for noncontrolling interests in consolidated subsidiaries or income or loss from equity investees plus total fixed charges less preferred stock dividends |
$ | 1,105 | $ | 1,961 | $ | 1,843 | $ | 1,574 | $ | 1,356 | $ | 1,157 | ||||||||||||
| Less: preferred stock dividend requirements of consolidated subsidiaries |
— | — | — | — | — | (1 | ) | |||||||||||||||||
| Total earnings less preferred stock dividends |
$ | 1,105 | $ | 1,961 | $ | 1,843 | $ | 1,574 | $ | 1,356 | $ | 1,156 | ||||||||||||
| RATIO OF EARNINGS TO FIXED CHARGES AND PREFERRED STOCK DIVIDENDS |
6.7 | 7.0 | 7.6 | 7.6 | 6.6 | 6.0 | ||||||||||||||||||
| RATIO OF EARNINGS TO FIXED CHARGES |
6.7 | 7.0 | 7.6 | 7.6 | 6.6 | 6.1 | ||||||||||||||||||