Attached files
| file | filename |
|---|---|
| EXCEL - IDEA: XBRL DOCUMENT - HOSPIRA INC | Financial_Report.xls |
| EX-32.2 - EXHIBIT 32.2 - HOSPIRA INC | hsp-ex322_12312014x10k.htm |
| EX-32.1 - EXHIBIT 32.1 - HOSPIRA INC | hsp-ex321_12312014x10k.htm |
| EX-23.1 - EXHIBIT 23.1 - HOSPIRA INC | hsp-ex231_12312014x10k.htm |
| EX-31.2 - EXHIBIT 31.2 - HOSPIRA INC | hsp-ex312_12312014x10k.htm |
| EX-31.1 - EXHIBIT 31.1 - HOSPIRA INC | hsp-ex311_12312014x10k.htm |
| EX-21.1 - EXHIBIT 21.1 - HOSPIRA INC | hsp-ex211_12312014x10k.htm |
| 10-K - 10-K - HOSPIRA INC | hsp-201410xk.htm |
Exhibit 12.1
Hospira, Inc.
Computation of Ratio of Earnings to Fixed Charges
(Unaudited)
(dollars in millions except ratios)
For the Years Ended | |||||||||||||||||||
2014 | 2013 | 2012 | 2011 | 2010 | |||||||||||||||
Income (Loss) from Continuing Operations Before Income Taxes or Equity Income | $ | 388.2 | $ | (123.2 | ) | $ | (41.9 | ) | $ | (27.1 | ) | $ | 379.3 | ||||||
Add: | |||||||||||||||||||
One-third of rents | 14.0 | 10.4 | 13.7 | 10.9 | 9.1 | ||||||||||||||
Interest expense | 77.2 | 86.2 | 86.3 | 93.1 | 101.1 | ||||||||||||||
Amortization of capitalized interest | 10.6 | 9.4 | 7.2 | 6.1 | 2.8 | ||||||||||||||
Earnings (Loss) from Continuing Operations | $ | 490.0 | $ | (17.2 | ) | $ | 65.3 | $ | 83.0 | $ | 492.3 | ||||||||
Fixed charges: | |||||||||||||||||||
One-third of rents | $ | 14.0 | $ | 10.4 | $ | 13.7 | $ | 10.9 | $ | 9.1 | |||||||||
Interest expense | 77.2 | 86.2 | 86.3 | 93.1 | 101.1 | ||||||||||||||
Interest capitalized | 31.6 | 23.5 | 18.8 | 12.4 | 8.4 | ||||||||||||||
Fixed Charges from Continuing Operations | $ | 122.8 | $ | 120.1 | $ | 118.8 | $ | 116.4 | $ | 118.6 | |||||||||
Ratio of Earnings to Fixed Charges from Continuing Operations | 4.0 | * | 0.5 | 0.7 | 4.2 | ||||||||||||||
For purposes of computing this ratio, “loss” or “earnings” consist of income (loss) from continuing operations before taxes, one-third of rents (deemed by Hospira to be representative of the interest factor inherent in rents), interest expense and amortization of capitalized interest. “Fixed charges” consist of one-third of rents, interest expense and interest capitalized.
* Earnings for the year ended December 31, 2013, were inadequate to cover fixed charges. For the year ended December 31, 2013, additional earnings of $137.3 million would have been required to make the ratio 1.0x.