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Previous: COOPER INDUSTRIES INC, 10-Q, 2000-08-11 |
Next: COOPER INDUSTRIES INC, 10-Q, EX-27, 2000-08-11 |
<PAGE> 1
EXHIBIT 12
COOPER INDUSTRIES, INC.
COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES
(Dollar Amounts in Thousands)
(Unaudited)
<TABLE>
<CAPTION>
Six Months Ended
June 30, Year Ended December 31,
------------------------ -------------------------------------------------------------------
2000 1999 1999 1998 1997 1996 1995
--------- --------- --------- --------- --------- --------- ---------
<S> <C> <C> <C> <C> <C> <C> <C>
Interest Expense $ 44,900 $ 25,400 $ 55,200 $ 101,900 $ 90,400 $ 142,100 $ 151,000
Capitalized Interest 2,075 -- -- -- -- -- --
Estimated Interest Portion of
Rent Expense 7,953 7,092 13,948 12,352 10,864 10,035 10,064
--------- --------- --------- --------- --------- --------- ---------
Fixed Charges $ 54,928 $ 32,492 $ 69,148 $ 114,252 $ 101,264 $ 152,135 $ 161,064
========= ========= ========= ========= ========= ========= =========
Income From Continuing
Operations Before Income Taxes $ 272,100 $ 255,600 $ 518,600 $ 523,600 $ 483,200 $ 470,700 $ 297,300
Add: Fixed Charges 52,853 32,492 69,148 114,252 101,264 152,135 161,064
Dividends From Less Than
50% Owned Companies -- -- -- -- -- 287 968
Less: Equity in (Earnings) / Losses
of Less Than 50% Owned
Companies (2,561) (46) (1,069) 595 (320) (1,609) (996)
--------- --------- --------- --------- --------- --------- ---------
Earnings Before Fixed Charges $ 322,392 $ 288,046 $ 586,679 $ 638,447 $ 584,144 $ 621,513 $ 458,336
========= ========= ========= ========= ========= ========= =========
Ratio of Earnings to Fixed Charges 5.9x 8.9x 8.5x 5.6x 5.8x 4.1x 2.8x
</TABLE>
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