Attached files

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10-K - 10-K - IDEX CORP /DE/iex-20151231x10k.htm
EX-31.2 - EXHIBIT 31.2 - IDEX CORP /DE/iex-20151231xex312.htm
EX-31.1 - EXHIBIT 31.1 - IDEX CORP /DE/iex-20151231xex311.htm
EX-32.1 - EXHIBIT 32.1 - IDEX CORP /DE/iex-20151231xex321.htm
EX-21 - EXHIBIT 21 - IDEX CORP /DE/iex-201512x31xex21.htm
EX-32.2 - EXHIBIT 32.2 - IDEX CORP /DE/iex-20151231xex322.htm
EX-10.24 - EXHIBIT 10.24 - IDEX CORP /DE/iex-20151231xex1024.htm
EX-10.25 - EXHIBIT 10.25 - IDEX CORP /DE/iex-2015x1231xex1025.htm
EX-10.23 - EXHIBIT 10.23 - IDEX CORP /DE/iex-2015x1231xex1023.htm
EX-23 - EXHIBIT 23 - IDEX CORP /DE/iex-20151231xex23.htm


Exhibit 12


Computation of Ratio of Earnings to Fixed Charges
($'s in 000's)
 
 
 
 
 
 
 
 
 
 
 
 
 
December
 
December
 
December
 
December
 
December
 
 
2015
 
2014
 
2013
 
2012
 
2011
 
 
 
 
 
 
 
 
 
 
 
Fixed Charges:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Interest charges (per I/S)
 
$
41,636

 
$
41,895

 
$
42,206

 
$
42,250

 
$
29,332

 
 
 
 
 
 
 
 
 
 
 
Less: net amortization of debt discount and issuance expenses
 
1,378

 
1,498

 
1,488

 
1,685

 
1,263

 
 
 
 
 
 
 
 
 
 
 
Adjusted interest charges
 
40,258

 
40,397

 
40,718

 
40,565

 
28,069

 
 
 
 
 
 
 
 
 
 
 
Add: net amortization of debt discount and issuance expenses
 
1,378

 
1,498

 
1,488

 
1,685

 
1,263

 
 
 
 
 
 
 
 
 
 
 
Interest portion of rental charges
 
6,306

 
6,410

 
6,307.3692

 
6,068

 
6,262

 
 
 
 
 
 
 
 
 
 
 
Total fixed charges
 
$
47,942

 
$
48,305

 
$
48,513

 
$
48,318

 
$
35,594

 
 
 
 
 
 
 
 
 
 
 
Earnings:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Pre-tax earnings
 
$
392,345

 
$
392,440

 
$
353,129

 
$
86,204

 
$
273,881

 
 
 
 
 
 
 
 
 
 
 
Interest charges
 
40,258

 
40,397

 
40,718

 
40,565

 
28,069

 
 
 
 
 
 
 
 
 
 
 
Net amortization of debt discount and issuance expenses
 
1,378

 
1,498

 
1,488

 
1,685

 
1,263

 
 
 
 
 
 
 
 
 
 
 
Interest portion of rental charges
 
6,306

 
6,410

 
6,307

 
6,068

 
6,262

 
 
 
 
 
 
 
 
 
 
 
Total earnings
 
$
440,287

 
$
440,745

 
$
401,642

 
$
134,522

 
$
309,475

 
 
 
 
 
 
 
 
 
 
 
Ratio of earnings to fixed charges
 
9.2
 
9.1
 
8.3
 
2.8
 
8.7
 
 
 
 
 
 
 
 
 
 
 
Note: Currently amortization of debt discount and premium and issuance expenses are recorded and included within the interest expense line item. The above analysis starts with interest expense per the income statement and then subtracts the amortization figure in order to get to a true interest expense amount.