Attached files
| file | filename |
|---|---|
| EX-24 - EX-24 - STANLEY BLACK & DECKER, INC. | y03034exv24.htm |
| EX-21 - EX-21 - STANLEY BLACK & DECKER, INC. | y03034exv21.htm |
| EX-23 - EX-23 - STANLEY BLACK & DECKER, INC. | y03034exv23.htm |
| EX-32.I - EX-32.I - STANLEY BLACK & DECKER, INC. | y03034exv32wi.htm |
| EX-32.II - EX-32.II - STANLEY BLACK & DECKER, INC. | y03034exv32wii.htm |
| EX-31.I.B - EX-31.I.B - STANLEY BLACK & DECKER, INC. | y03034exv31wiwb.htm |
| EX-31.I.A - EX-31.I.A - STANLEY BLACK & DECKER, INC. | y03034exv31wiwa.htm |
| EX-10.VIII - EX-10.VIII - STANLEY BLACK & DECKER, INC. | y03034exv10wviii.htm |
| 10-K - FORM 10-K - STANLEY BLACK & DECKER, INC. | y03034e10vk.htm |
EXHIBIT 12
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
For the fiscal years ended January 2, 2010, January 3, 2009, December 29, 2007, December 30, 2006 and December 31,
2005
(Millions of Dollars)
For the fiscal years ended January 2, 2010, January 3, 2009, December 29, 2007, December 30, 2006 and December 31,
2005
(Millions of Dollars)
The following table has been revised to reflect the adoption of ASC 470-20 “Debt with Conversion
Option” for which the Company has recorded non-cash interest expense of $10.2 million, $10.3
million and $7.7 million in 2009, 2008 and 2007, respectively.
| Fiscal Year | ||||||||||||||||||||
| 2009 | 2008 | 2007 | 2006 | 2005 | ||||||||||||||||
Earnings from continuing operations before
income taxes and noncontrolling interest |
$ | 283.3 | $ | 293.2 | $ | 429.3 | $ | 351.5 | $ | 344.5 | ||||||||||
Add: |
||||||||||||||||||||
Interest expense |
63.7 | 92.1 | 92.8 | 69.3 | 40.4 | |||||||||||||||
Portion of rents representative of interest factor |
6.3 | 8.7 | 9.3 | 8.1 | 6.2 | |||||||||||||||
Income as adjusted |
$ | 353.3 | $ | 394.0 | $ | 531.4 | $ | 428.9 | $ | 391.1 | ||||||||||
Fixed charges: |
||||||||||||||||||||
Interest expense |
$ | 63.7 | $ | 92.1 | $ | 92.8 | $ | 69.3 | $ | 40.4 | ||||||||||
Portion of rents representative of interest factor |
6.3 | 8.7 | 9.3 | 8.1 | 6.2 | |||||||||||||||
Fixed charges |
$ | 70.0 | $ | 100.8 | $ | 102.1 | $ | 77.4 | $ | 46.6 | ||||||||||
Ratio of earnings to fixed charges |
5.0 | 3.9 | 5.2 | 5.5 | 8.4 | |||||||||||||||
93