Attached files
file | filename |
---|---|
10-K - FORM 10-K - VWR Funding, Inc. | c12824e10vk.htm |
EX-24 - EXHIBIT 24 - VWR Funding, Inc. | c12824exv24.htm |
EX-32.1 - EXHIBIT 32.1 - VWR Funding, Inc. | c12824exv32w1.htm |
EX-31.2 - EXHIBIT 31.2 - VWR Funding, Inc. | c12824exv31w2.htm |
EX-10.5 - EXHIBIT 10.5 - VWR Funding, Inc. | c12824exv10w5.htm |
EX-10.6 - EXHIBIT 10.6 - VWR Funding, Inc. | c12824exv10w6.htm |
EX-32.2 - EXHIBIT 32.2 - VWR Funding, Inc. | c12824exv32w2.htm |
EX-21.1 - EXHIBIT 21.1 - VWR Funding, Inc. | c12824exv21w1.htm |
EX-31.1 - EXHIBIT 31.1 - VWR Funding, Inc. | c12824exv31w1.htm |
EX-10.4 - EXHIBIT 10.4 - VWR Funding, Inc. | c12824exv10w4.htm |
EX-10.11(H) - EXHIBIT 10.11(H) - VWR Funding, Inc. | c12824exv10w11xhy.htm |
Exhibit 12.1
VWR FUNDING, INC
Computation of Ratio of Earnings to Fixed Charges
Computation of Ratio of Earnings to Fixed Charges
Year Ended December 31, | ||||||||||||
(in millions) | 2010 | 2009 | 2008 | |||||||||
Income (loss) before income taxes |
$ | 49.5 | $ | (39.6 | ) | $ | (450.1 | ) | ||||
Add: Fixed charges |
214.9 | 238.2 | 301.1 | |||||||||
Earnings, as defined |
$ | 264.4 | $ | 198.6 | $ | (149.0 | ) | |||||
Fixed charges: |
||||||||||||
Interest expense |
$ | 204.6 | $ | 226.8 | $ | 289.6 | ||||||
One-third of rental expense |
10.3 | 11.4 | 11.5 | |||||||||
Total fixed charges |
$ | 214.9 | $ | 238.2 | $ | 301.1 | ||||||
Ratio of earnings to fixed charges (1) |
1.2 | | | |||||||||
(1) | Earnings were insufficient to cover fixed charges for the years ended
December 31, 2009 and 2008 by $39.6 million and $450.1 million, respectively. |
For purposes of calculating the ratio of earnings to fixed charges, (1) earnings is defined as
income (loss) before income taxes plus fixed charges, and (2) fixed charges is defined as interest
expense (including amortization of debt issuance costs) and one-third of rental expense (which we
believe is representative of the interest component of operating lease rent expense).