Attached files
| file | filename |
|---|---|
| 10-K - FORM 10-K - LEXMARK INTERNATIONAL INC /KY/ | l38254e10vk.htm |
| EX-24 - EX-24 - LEXMARK INTERNATIONAL INC /KY/ | l38254exv24.htm |
| EX-23 - EX-23 - LEXMARK INTERNATIONAL INC /KY/ | l38254exv23.htm |
| EX-21 - EX-21 - LEXMARK INTERNATIONAL INC /KY/ | l38254exv21.htm |
| EX-31.1 - EX-31.1 - LEXMARK INTERNATIONAL INC /KY/ | l38254exv31w1.htm |
| EX-31.2 - EX-31.2 - LEXMARK INTERNATIONAL INC /KY/ | l38254exv31w2.htm |
| EX-32.1 - EX-32.1 - LEXMARK INTERNATIONAL INC /KY/ | l38254exv32w1.htm |
| EX-10.37 - EX-10.37 - LEXMARK INTERNATIONAL INC /KY/ | l38254exv10w37.htm |
| EX-10.45 - EX-10.45 - LEXMARK INTERNATIONAL INC /KY/ | l38254exv10w45.htm |
| EX-32.2 - EX-32.2 - LEXMARK INTERNATIONAL INC /KY/ | l38254exv32w2.htm |
Exhibit 12.1
Computation of Ratio of Earnings to Fixed Charges
(Dollars in Millions, Except Ratios)
(Dollars in Millions, Except Ratios)
| For the Year Ended December 31, | ||||||||||||||||||||
| 2005 | 2006 | 2007 | 2008 | 2009 | ||||||||||||||||
Earnings: |
||||||||||||||||||||
Net earnings |
$ | 356.3 | $ | 338.4 | $ | 300.8 | $ | 240.2 | $ | 145.9 | ||||||||||
Provision for income taxes |
197.4 | 120.9 | 48.7 | 35.7 | 41.1 | |||||||||||||||
Amortization of capitalized interest |
0.5 | 0.2 | 0.1 | 0.1 | 0.2 | |||||||||||||||
Fixed charges excluding interest capitalized |
22.8 | 22.5 | 23.0 | 37.9 | 47.7 | |||||||||||||||
Total |
577.0 | 482.0 | 372.6 | 313.9 | 234.9 | |||||||||||||||
Fixed Charges: |
||||||||||||||||||||
Interest expense (gross of interest income) |
11.2 | 12.1 | 13.0 | 28.9 | 39.3 | |||||||||||||||
Amortization of deferred financing expense |
0.4 | 0.3 | 0.3 | 0.7 | 1.4 | |||||||||||||||
Interest capitalized |
1.4 | 1.8 | 0.2 | 1.4 | 3.4 | |||||||||||||||
Interest component of rental expense |
11.2 | 10.1 | 9.7 | 8.3 | 7.0 | |||||||||||||||
Total |
24.2 | 24.3 | 23.2 | 39.3 | 51.1 | |||||||||||||||
Ratio of Earnings to Fixed Charges |
23.8 | 19.8 | 16.1 | 8.0 | 4.6 | |||||||||||||||