Attached files
| file | filename |
|---|---|
| EX-31.1 - EX-31.1 - BARD C R INC /NJ/ | d253269dex311.htm |
| 10-Q - FORM 10-Q - BARD C R INC /NJ/ | d253269d10q.htm |
| EX-32.2 - EX-32.2 - BARD C R INC /NJ/ | d253269dex322.htm |
| EX-32.1 - EX-32.1 - BARD C R INC /NJ/ | d253269dex321.htm |
| EX-31.2 - EX-31.2 - BARD C R INC /NJ/ | d253269dex312.htm |
EXHIBIT 12.1
C. R. BARD, INC. AND SUBSIDIARIES
Exhibit 12.1 - Computation of Ratio of Earnings to Fixed Charges
| Nine Months Ended September 30, 2016 |
Years Ended December 31, | |||||||||||||||||||||||
| 2015 | 2014 | 2013 | 2012 | 2011 | ||||||||||||||||||||
| (dollars in millions) | ||||||||||||||||||||||||
| Earnings from operations before taxes |
$ | 462.8 | $ | 349.4 | $ | 445.8 | $ | 1,213.4 | $ | 732.4 | $ | 510.8 | ||||||||||||
| Add (Deduct): |
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| Fixed charges |
45.5 | 52.8 | 52.9 | 52.4 | 46.1 | 42.7 | ||||||||||||||||||
| Undistributed earnings of equity investments |
— | 0.4 | 0.3 | (1.0 | ) | (9.6 | ) | (3.8 | ) | |||||||||||||||
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| Earnings available for fixed charges |
$ | 508.3 | $ | 402.6 | $ | 499.0 | $ | 1,264.8 | $ | 768.9 | $ | 549.7 | ||||||||||||
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| Fixed charges: |
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| Interest, including amounts capitalized(1) |
$ | 39.6 | $ | 44.9 | $ | 44.8 | $ | 45.0 | $ | 39.6 | $ | 36.4 | ||||||||||||
| Proportion of rent expense deemed to represent interest factor |
5.9 | 7.9 | 8.1 | 7.4 | 6.5 | 6.3 | ||||||||||||||||||
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| Fixed charges |
$ | 45.5 | $ | 52.8 | $ | 52.9 | $ | 52.4 | $ | 46.1 | $ | 42.7 | ||||||||||||
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| Ratio of earnings to fixed charges |
11.17 | 7.63 | 9.43 | 24.14 | 16.68 | 12.87 | ||||||||||||||||||
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| (1) | Interest related to unrecognized tax benefits is included as income tax expense and not included in fixed charges. |