Attached files
Exhibit 12
Biomet, Inc.
Computation of Ratio of Earnings to Fixed Charges
(in millions, except ratios)
| Successor | Predecessor | ||||||||||||||||||||||||||
| Six Months Ended November 30, |
Period from July 12, 2007 - May 31, 2008 |
Period from June 1, 2007 - July 11, 2007 |
Years Ended May 31, | ||||||||||||||||||||||||
| 2009 | 2008 | 2006 | 2005 | 2004 | |||||||||||||||||||||||
| Earnings: |
|||||||||||||||||||||||||||
| Earnings (loss) before income taxes |
$ | (73.5 | ) | $ | (163.9 | ) | $ | (1,194.3 | ) | $ | (81.9 | ) | $ | 611.0 | $ | 546.5 | $ | 500.7 | |||||||||
| Add: Fixed charges (per below) |
324.4 | 354.3 | 603.1 | 0.3 | 11.7 | 9.2 | 4.2 | ||||||||||||||||||||
| Total earnings (loss) |
$ | 250.9 | $ | 190.4 | $ | (591.2 | ) | $ | (81.6 | ) | $ | 622.7 | $ | 555.7 | $ | 504.9 | |||||||||||
| Fixed charges: |
|||||||||||||||||||||||||||
| Interest expense |
$ | 261.6 | $ | 280.3 | $ | 516.3 | $ | 0.3 | $ | 11.7 | $ | 9.2 | $ | 4.2 | |||||||||||||
| Amortization of bond premium |
0.4 | 0.3 | 0.4 | — | — | — | — | ||||||||||||||||||||
| Deferred financing costs |
62.4 | 73.7 | 86.4 | — | — | — | — | ||||||||||||||||||||
| Total fixed charges |
$ | 324.4 | $ | 354.3 | $ | 603.1 | $ | 0.3 | $ | 11.7 | $ | 9.2 | $ | 4.2 | |||||||||||||
| Ratio of earnings to fixed charges |
N/A | (1) | N/A | (1) | N/A | (1) | N/A | (1) | 53.2 | 60.4 | 120.2 | ||||||||||||||||
| (1) | Earnings were inadequate to cover fixed charges for the six months ended November 30, 2009 and 2008, for the period July 12, 2007 through November 30, 2008, and for the period June 1, 2007 through July 11, 2007 by $73.5 million, $163.9 million, $1,194.3 million, and $81.9 million, respectively. |