Attached files
| file | filename |
|---|---|
| 10-Q - 10-Q - ST JUDE MEDICAL, LLC | stj-2015070410qq2.htm |
| EX-10.1 - $175,000,000 TERM LOAN AGREEMENT, DATED MAY 1, 2015 - ST JUDE MEDICAL, LLC | stjude20150704_ex101q2.htm |
| EX-31.1 - CERTIFICATION OF CEO PURSUANT TO SECTION 302 - ST JUDE MEDICAL, LLC | stjude20150704_ex31-1q2.htm |
| EX-32.1 - CERTIFICATION OF CFO PURSUANT TO SECTION 906 - ST JUDE MEDICAL, LLC | stjude20150704_ex32-2q2.htm |
| EX-32.1 - CERTIFICATION OF CEO PURSUANT TO SECTION 906 - ST JUDE MEDICAL, LLC | stjude20150704_ex32-1q2.htm |
| EX-31.2 - CERTIFICATION OF CFO PURSUANT TO SECTION 302 - ST JUDE MEDICAL, LLC | stjude20150704_ex31-2q2.htm |
EXHIBIT 12
ST. JUDE MEDICAL, INC.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(amounts in millions of dollars)
Six Months Ended | FISCAL YEAR | |||||||||||||||||||||||
July 4, 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | |||||||||||||||||||
EARNINGS | ||||||||||||||||||||||||
Earnings before income taxes and noncontrolling interest | $ | 602 | $ | 1,068 | $ | 784 | $ | 1,005 | $ | 1,019 | $ | 1,209 | ||||||||||||
Plus fixed charges: | ||||||||||||||||||||||||
Interest expense (1) | 41 | 85 | 81 | 73 | 70 | 67 | ||||||||||||||||||
Rent interest factor (2) | 9 | 17 | 12 | 15 | 15 | 12 | ||||||||||||||||||
TOTAL FIXED CHARGES | 50 | 102 | 93 | 88 | 85 | 79 | ||||||||||||||||||
EARNINGS BEFORE INCOME TAXES AND FIXED CHARGES | $ | 652 | $ | 1,170 | $ | 877 | $ | 1,093 | $ | 1,104 | $ | 1,288 | ||||||||||||
RATIO OF EARNINGS TO FIXED CHARGES | 13.0 | 11.5 | 9.4 | 12.4 | 13.0 | 16.3 | ||||||||||||||||||
(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. |