Attached files
| file | filename |
|---|---|
| EX-21 - EX-21 - AMETEK INC/ | w75707exv21.htm |
| EX-31.2 - EX-31.2 - AMETEK INC/ | w75707exv31w2.htm |
| EX-23 - EX-23 - AMETEK INC/ | w75707exv23.htm |
| EX-32.1 - EX-32.1 - AMETEK INC/ | w75707exv32w1.htm |
| EX-31.1 - EX-31.1 - AMETEK INC/ | w75707exv31w1.htm |
| EXCEL - IDEA: XBRL DOCUMENT - AMETEK INC/ | Financial_Report.xls |
| EX-32.2 - EX-32.2 - AMETEK INC/ | w75707exv32w2.htm |
| 10-K - FORM 10-K - AMETEK INC/ | w75707e10vk.htm |
Exhibit 12
AMETEK, Inc.
Statement Regarding Computation of Ratio of Earnings to Fixed Charges
Statement Regarding Computation of Ratio of Earnings to Fixed Charges
| Year Ended December 31, | ||||||||||||||||||||
| 2009 | 2008 | 2007 | 2006 | 2005 | ||||||||||||||||
| (In thousands) | ||||||||||||||||||||
Earnings: |
||||||||||||||||||||
Income from continuing operations(1) |
$ | 205,770 | $ | 246,952 | $ | 228,020 | $ | 181,934 | $ | 136,357 | ||||||||||
Income tax expense |
88,863 | 119,264 | 108,424 | 81,752 | 61,930 | |||||||||||||||
Interest expense — gross |
69,009 | 63,690 | 47,065 | 42,304 | 33,103 | |||||||||||||||
Capitalized interest |
(259 | ) | (38 | ) | (199 | ) | (137 | ) | (190 | ) | ||||||||||
Amortization of debt financing costs(2) |
— | — | — | — | — | |||||||||||||||
Interest portion of rental expense |
7,589 | 7,575 | 6,359 | 5,062 | 4,843 | |||||||||||||||
Adjusted earnings |
$ | 370,972 | $ | 437,443 | $ | 389,669 | $ | 310,915 | $ | 236,043 | ||||||||||
Fixed charges: |
||||||||||||||||||||
Interest expense, net of capitalized interest |
$ | 68,750 | $ | 63,652 | $ | 46,866 | $ | 42,167 | $ | 32,913 | ||||||||||
Capitalized interest |
259 | 38 | 199 | 137 | 190 | |||||||||||||||
Interest portion of rental expense |
7,589 | 7,575 | 6,359 | 5,062 | 4,843 | |||||||||||||||
Fixed charges |
$ | 76,598 | $ | 71,265 | $ | 53,424 | $ | 47,366 | $ | 37,946 | ||||||||||
Ratio of adjusted earnings to fixed charges |
4.8x | 6.1x | 7.3x | 6.6x | 6.2x | |||||||||||||||
| (1) | Results for the year ended December 31, 2005 have been adjusted to reflect the retrospective application of Financial Accounting Standards Board Accounting Standards Codification Compensation–Stock Compensation Topic 718, to expense stock options, which was adopted effective January 1, 2006. The retrospective application reduced 2005 net income by $4.3 million. | |
| (2) | Included in interest expense. |