Attached files
| file | filename |
|---|---|
| EX-23 - EXHIBIT 23 - WEST PHARMACEUTICAL SERVICES INC | ex23consent_2014.htm |
| EX-24 - EXHIBIT 24 - WEST PHARMACEUTICAL SERVICES INC | ex24powersofattorney_2014.htm |
| EX-32.1 - EXHIBIT 32.1 - WEST PHARMACEUTICAL SERVICES INC | ex321ceo906certification_2.htm |
| EX-32.2 - EXHIBIT 32.2 - WEST PHARMACEUTICAL SERVICES INC | ex322cfo906certification_2.htm |
| EX-31.1 - EXHIBIT 31.1 - WEST PHARMACEUTICAL SERVICES INC | ex311ceo302certification_2.htm |
| EX-31.2 - EXHIBIT 31.2 - WEST PHARMACEUTICAL SERVICES INC | ex312cfo302certification_2.htm |
| EX-21 - EXHIBIT 21 - WEST PHARMACEUTICAL SERVICES INC | ex21listofsubsidiaries_2014.htm |
| EXCEL - IDEA: XBRL DOCUMENT - WEST PHARMACEUTICAL SERVICES INC | Financial_Report.xls |
| 10-K - 10-K - WEST PHARMACEUTICAL SERVICES INC | wst10k123114.htm |
| EX-10.15 - EXHIBIT 10.15 - WEST PHARMACEUTICAL SERVICES INC | ex1015separationagreement.htm |
Exhibit 12.1
West Pharmaceutical Services, Inc. and Subsidiaries | |||||||||||||||
Computation of Ratio of Earnings to Fixed Charges | |||||||||||||||
(in millions, except ratio amounts) | 2014 | 2013 | 2012 | 2011 | 2010 | ||||||||||
EARNINGS: | |||||||||||||||
Income before income taxes | $ | 169.0 | $ | 147.1 | $ | 108.6 | $ | 92.7 | $ | 74.5 | |||||
Add: | |||||||||||||||
Fixed charges | 21.7 | 22.0 | 22.6 | 23.1 | 21.1 | ||||||||||
Less: | |||||||||||||||
Capitalized interest | (1.6 | ) | (1.6 | ) | (1.9 | ) | (1.1 | ) | (0.9 | ) | |||||
Adjusted earnings | $ | 189.1 | $ | 167.5 | $ | 129.3 | $ | 114.7 | $ | 94.7 | |||||
FIXED CHARGES: | |||||||||||||||
Interest expense | $ | 18.1 | $ | 18.6 | $ | 18.6 | $ | 19.3 | $ | 17.7 | |||||
One-third of rent expense | 3.6 | 3.4 | 4.0 | 3.8 | 3.4 | ||||||||||
Total fixed charges | $ | 21.7 | $ | 22.0 | $ | 22.6 | $ | 23.1 | $ | 21.1 | |||||
Ratio of earnings to fixed charges | 8.71 | 7.61 | 5.72 | 4.97 | 4.49 | ||||||||||