Attached files
Exhibit 12
LEGGETT AND PLATT, INCORPORATED AND SUBSIDIARIES
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Amounts in millions of dollars)
| Twelve Months Ended December 31, | |||||||||||||||
| 2009 | 2008 | 2007 | 2006 | 2005 | |||||||||||
| Earnings |
|||||||||||||||
| Income from continuing operations before income taxes* |
$ | 198.4 | $ | 192.6 | $ | 147.3 | $ | 339.1 | $ | 305.6 | |||||
| Interest expense (excluding amount capitalized) |
37.4 | 49.5 | 60.9 | 56.2 | 46.7 | ||||||||||
| Portion of rental expense under operating leases representative of an interest factor** |
16.9 | 21.5 | 24.3 | 24.9 | 14.0 | ||||||||||
| Total earnings*** |
$ | 252.7 | $ | 263.6 | $ | 232.5 | $ | 420.2 | $ | 366.3 | |||||
| Fixed charges |
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| Interest expense (including amount capitalized) |
$ | 38.3 | $ | 50.5 | $ | 61.9 | $ | 57.8 | $ | 48.3 | |||||
| Portion of rental expense under operating leases representative of an interest factor** |
16.9 | 21.5 | 24.3 | 24.9 | 14.0 | ||||||||||
| Total fixed charges |
$ | 55.2 | $ | 72.0 | $ | 86.2 | $ | 82.7 | $ | 62.3 | |||||
| Ratio of earnings to fixed charges |
4.6 | 3.7 | 2.7 | 5.1 | 5.9 | ||||||||||
| * | 2005 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. |