CHURCH & DWIGHT CO INC /DE/ - FORM 8-K - EX-12.1 - RATIO OF EARNINGS TO FIXED CHARGES - December 15, 2010

Attached files

file filename
8-K - FORM 8-K - CHURCH & DWIGHT CO INC /DE/d8k.htm
EX-99.1 - PRESS RELEASE DATED DECEMBER 15, 2010 - CHURCH & DWIGHT CO INC /DE/dex991.htm
EX-99.2 - INFORMATION RELATING TO ITEM 14 OF THE REGISTRATION STATEMENT - CHURCH & DWIGHT CO INC /DE/dex992.htm
EX-4.1 - INDENTURE DATED AS OF DECEMBER 15, 2010 - CHURCH & DWIGHT CO INC /DE/dex41.htm
EX-5.1 - OPINION OF DECHERT LLP - CHURCH & DWIGHT CO INC /DE/dex51.htm
EX-4.2 - FIRST SUPPLEMENTAL INDENTURE DATED AS OF DECEMBER 15, 2010 - CHURCH & DWIGHT CO INC /DE/dex42.htm

Exhibit 12.1

CHURCH & DWIGHT CO., INC AND SUBSIDIARIES

EXHIBIT 12 - Ratio of Earnings to Fixed Charges

(Dollars in thousands)

 

     Nine Months Ended October 1, 2010     Years Ended December 31,  
     Pro Forma           Pro Forma
2009		     2009     2008     2007     2006     2005  

Interest expense and amortization of debt expense and premium

    $ 16,447      $ 21,542      $ 28,776      $ 35,568      $ 46,945      $ 58,892      $ 54,028      $ 44,098   

Capitalized interest

      640        640        2,389        2,389        729        764        617        461   

Interest in rent expense

      5,364        5,346        6,772        6,772        7,337        5,681        4,155        4,059   
                                                                

Total fixed charges

    $ 22,451      $ 27,546      $ 37,937      $ 44,729      $ 55,011      $ 65,337      $ 58,800      $ 48,618   
                                                                

Proforma Income before Income Taxes

    $ 352,826      $ 347,595      $ 399,210      $ 392,236      $ 308,260      $ 264,931      $ 213,094      $ 174,883   

Plus:

                 

Fixed Charges

      22,451        27,546        44,729        44,729        55,011        65,337        58,800        48,618   

Amortization of capitalized interest

      501        501        562        562        438        398        377        358   

Distributed income from equity investment

      6,261        6,261        9,296        9,296        11,019        7,074        6,668        5,528   

Less:

                 

Capitalized interest

      (640 )      (640 )      (2,389 )      (2,389 )      (729 )      (764 )      (617 )      (461 ) 

Equity in earnings from affiliates

      (3,646 )      (3,646 )      (12,050 )      (12,050 )      (11,334 )      (8,236 )      (7,135 )      (4,790 ) 

Noncontrolling interest in pre-tax income of subsidiaries that have not incurred fixed charges

      4        4        12        12        (8 )      (6 )      4        91   
                                                                

Earnings as adjusted

    $ 377,757      $ 377,621      $ 439,370      $ 432,396      $ 362,657      $ 328,734      $ 271,191      $ 224,227   
                                                                

Ratio of earnings to fixed charges

      16.8        13.7        11.6        9.7        6.6        5.0        4.6        4.6   

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