ST JUDE MEDICAL, LLC - FORM 10-K - EX-12 - COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES - March 2, 2010

Attached files

file filename
EXCEL - IDEA: XBRL DOCUMENT - ST JUDE MEDICAL, LLCFinancial_Report.xls
EX-24 - POWER OF ATTORNEY - ST JUDE MEDICAL, LLCstjude100816_ex24.htm
EX-21 - SUBSIDIARIES OF THE REGISTRANT - ST JUDE MEDICAL, LLCstjude100816_ex21.htm
EX-23 - CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM - ST JUDE MEDICAL, LLCstjude100816_ex23.htm
EX-31.1 - CERTIFICATION OF CEO PURSUANT TO SECTION 302 - ST JUDE MEDICAL, LLCstjude100816_ex31-1.htm
EX-32.2 - CERTIFICATION OF CFO PURSUANT TO SECTION 906 - ST JUDE MEDICAL, LLCstjude100816_ex32-2.htm
EX-32.1 - CERTIFICATION OF CEO PURSUANT TO SECTION 906 - ST JUDE MEDICAL, LLCstjude100816_ex32-1.htm
EX-31.2 - CERTIFICATION OF CFO PURSUANT TO SECTION 302 - ST JUDE MEDICAL, LLCstjude100816_ex31-2.htm
EX-10.32 - DESCRIPTION OF EMPLOYMENT AGREEMENT - ST JUDE MEDICAL, LLCstjude100816_ex10-32.htm
10-K - FORM 10-K FOR THE FISCAL YEAR ENDED JANUARY 2, 2010 - ST JUDE MEDICAL, LLCstjude100816_10k.htm
EX-13 - PORTIONS OF ST. JUDE MEDICAL'S 2009 ANNUAL REPORT TO SHAREHOLDERS - ST JUDE MEDICAL, LLCstjude100816_ex13.htm

Exhibit 12

ST. JUDE MEDICAL, INC.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(amounts in thousands of dollars)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

FISCAL YEAR

 

 

 

2009

 

2008

 

2007

 

2006

 

2005

 

EARNINGS

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings before income taxes

 

$

1,057,393

 

$

580,768

 

$

710,276

 

$

706,063

 

$

621,046

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Plus fixed charges:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest expense (1)

 

 

45,603

 

 

72,554

 

 

72,258

 

 

48,461

 

 

10,386

 

Rent interest factor (2)

 

 

11,183

 

 

9,527

 

 

9,144

 

 

8,190

 

 

7,659

 

TOTAL FIXED CHARGES

 

 

56,786

 

 

82,081

 

 

81,402

 

 

56,651

 

 

18,045

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

EARNINGS BEFORE INCOME TAXES AND FIXED CHARGES

 

$

1,114,179

 

$

662,849

 

$

791,678

 

$

762,714

 

$

639,091

 

RATIO OF EARNINGS TO FIXED CHARGES

 

 

19.6

 

 

8.1

 

 

9.7

 

 

13.5

 

 

35.4

 

 

 

 

 

(1)

Interest expense consists of interest on indebtedness and amortization of debt issuance costs.

 

 

 

 

(2)

Approximately one-third of rental expense is deemed representative of the interest factor.


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