LEGGETT & PLATT INC - FORM 10-Q - EX-12 - COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES - May 5, 2010

Attached files

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10-Q - FORM 10-Q - LEGGETT & PLATT INCd10q.htm
EX-32.2 - SECTION 906 CFO CERTIFICATION - LEGGETT & PLATT INCdex322.htm
EX-31.2 - SECTION 302 CFO CERTIFICATION - LEGGETT & PLATT INCdex312.htm
EX-10.4 - THE COMPANY'S 2005 EXECUTIVE STOCK UNIT PROGRAM - LEGGETT & PLATT INCdex104.htm
EX-31.1 - SECTION 302 CEO CERTIFICATION - LEGGETT & PLATT INCdex311.htm
EX-32.1 - SECTION 906 CEO CERTIFICATION - LEGGETT & PLATT INCdex321.htm

Exhibit 12

LEGGETT AND PLATT, INCORPORATED AND SUBSIDIARIES

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

(Amounts in millions of dollars)

 

     Three Months
Ended		    Twelve Months Ended
December 31,
     3/31/10    3/31/09    2009    2008    2007    2006    2005

Earnings

                     

Income from continuing operations before income taxes*

    $ 69.0    $ 10.0    $ 198.4    $ 192.6    $ 147.3    $ 339.1    $ 305.6

Interest expense (excluding amount capitalized)

      9.3      9.4      37.4      49.5      60.9      56.2      46.7

Portion of rental expense under operating leases representative of an interest factor**

      4.6      5.9      16.9      21.5      24.3      24.9      14.0
                                                

Total earnings***

    $ 82.9    $ 25.3    $ 252.7    $ 263.6    $ 232.5    $ 420.2    $ 366.3
                                                

Fixed charges

                     

Interest expense (including amount capitalized)

    $ 9.5    $ 9.7    $ 38.3    $ 50.5    $ 61.9    $ 57.8    $ 48.3

Portion of rental expense under operating leases representative of an interest factor**

      4.6      5.9      16.9      21.5      24.3      24.9      14.0
                                                

Total fixed charges

    $ 14.1    $ 15.6    $ 55.2    $ 72.0    $ 86.2    $ 82.7    $ 62.3
                                                

Ratio of earnings to fixed charges

      5.9      1.6      4.6      3.7      2.7      5.1      5.9
                                                

 

* 2005 through 2008 amounts have been retrospectively adjusted to include noncontrolling interest.
** Estimated portion of rent expense representing interest.
*** Earnings consist principally of income from continuing operations before income taxes, plus fixed charges less capitalized interest. Fixed charges consist principally of interest costs.

LEGGETT & PLATT INC Reports