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Previous: NEWELL RUBBERMAID INC, 10-Q, 2000-08-11 |
Next: NEWELL RUBBERMAID INC, 10-Q, EX-27, 2000-08-11 |
<TABLE>
<CAPTION>
EXHIBIT 12
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NEWELL RUBBERMAID INC. AND SUBSIDIARIES
STATEMENT OF COMPUTATION OF
RATIO OF EARNINGS TO FIXED CHARGES
(in thousands, except ratio data)
Three Months Ended Six Months Ended
June 30, June 30,
2000 1999 2000 1999
---- ---- ---- ----
(In thousands, except ratio data)
<S> <C> <C> <C> <C>
Earnings (loss) available to fixed charges:
Income (loss) before income taxes $208,154 $49,270 $332,089 $(5,752)
Fixed charges:
Interest expense 33,988 24,440 61,837 49,701
Portion of rent determined to be
interest (1) 5,953 3,232 16,561 13,996
Minority interest in income of
subsidiary trust 6,678 6,684 13,363 13,396
Eliminate equity in earnings of
unconsolidated entities (2,703) (2,236) (4,877) (4,056)
-------- ------- -------- -------
$252,070 $81,390 $418,973 $67,285
======== ======= ======== =======
Fixed charges:
Interest expense $ 33,988 $24,440 $ 61,837 $49,701
Portion of rent determined to be
interest (1) 5,953 3,232 16,561 13,996
Minority interest in income of
subsidiary trust 6,678 6,684 13,363 13,396
-------- ------- -------- -------
$ 46,619 $34,356 $ 91,761 $77,093
======== ======= ======== =======
Ratio of earnings (loss) to fixed charges 5.41 2.37 4.57 0.87
======== ======= ======== =======
(1) A standard ratio of 33% was applied to gross rent expense to approximate the interest portion of short-term and
long-term leases.
</TABLE>
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