LEGGETT & PLATT INC - FORM 10-Q - EX-12 - COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES - November 5, 2009

Attached files

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10-Q - FORM 10-Q - LEGGETT & PLATT INCd10q.htm
EX-32.1 - SECTION 906 CEO CERTIFICATION - LEGGETT & PLATT INCdex321.htm
EX-31.1 - SECTION 302 CEO CERTIFICATION - LEGGETT & PLATT INCdex311.htm
EX-10.1 - FORM OF 2010 PERFORMANCE STOCK UNIT AWARD AGREEMENT - LEGGETT & PLATT INCdex101.htm
EX-31.2 - SECTION 302 CFO CERTIFICATION - LEGGETT & PLATT INCdex312.htm
EX-32.2 - SECTION 906 CFO CERTIFICATION - LEGGETT & PLATT INCdex322.htm

Exhibit 12

LEGGETT AND PLATT, INCORPORATED AND SUBSIDIARIES

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

(Amounts in millions of dollars)

 

     Nine Months
Ended		    Twelve Months Ended
December 31,
     9/30/09    9/30/08    2008    2007    2006    2005    2004

Earnings

                     

Income from continuing operations before income taxes*

    $ 129.7    $ 217.3    $ 192.6    $ 147.3    $ 339.1    $ 305.6    $ 345.0

Interest expense (excluding amount capitalized)

      29.1      39.3      49.5      60.9      56.2      46.7      45.9

Portion of rental expense under operating leases representative of an interest factor**

      17.7      18.8      21.5      24.3      24.9      14.0      13.3
                                                

Total earnings***

    $ 176.5    $ 275.4    $ 263.6    $ 232.5    $ 420.2    $ 366.3    $ 404.2
                                                

Fixed charges

                     

Interest expense (including amount capitalized)

    $ 29.8    $ 40.0    $ 50.5    $ 61.9    $ 57.8    $ 48.3    $ 46.9

Portion of rental expense under operating leases representative of an interest factor**

      17.7      18.8      21.5      24.3      24.9      14.0      13.3
                                                

Total fixed charges***

    $ 47.5    $ 58.8    $ 72.0    $ 86.2    $ 82.7    $ 62.3    $ 60.2
                                                

Ratio of earnings to fixed charges***

      3.7      4.7      3.7      2.7      5.1      5.9      6.7
                                                

 

* 2004 through 2008 amounts have been retrospectively adjusted to include noncontrolling interest.
** Estimated portion of rent expense representing interest.
*** Earnings consist principally of income from continuing operations before income taxes, plus fixed charges. Fixed charges consist principally of interest costs.

LEGGETT & PLATT INC Reports