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Previous: NEWELL RUBBERMAID INC, 10-Q, EX-3, 2000-11-14 |
Next: NEWELL RUBBERMAID INC, 10-Q, EX-27, 2000-11-14 |
<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 Nine Months Ended
September 30, September 30,
------------------- --------------------
2000 1999 2000 1999
---- ---- ---- ----
(In thousands, except ratio data)
<S> <C> <C> <C> <C>
Earnings available to fixed charges:
Income before income taxes $199,999 $119,241 $532,088 $113,489
Fixed charges:
Interest expense 33,184 26,012 95,021 75,713
Portion of rent determined
to be interest (1) 8,651 10,243 25,212 24,239
Minority interest in
income of subsidiary trust 6,677 6,686 20,040 20,082
Eliminate equity in earnings
of unconsolidated entities (1,936) (2,410) (6,813) (6,466)
-------- -------- -------- --------
$246,575 $159,772 $665,548 $227,057
======== ======== ======== ========
Fixed charges:
Interest expense $33,184 $26,012 $95,021 $75,713
Portion of rent determined to
be interest (1) 8,651 10,243 25,212 24,239
Minority interest in income of
subsidiary trust 6,677 6,686 20,040 20,082
------- ------- -------- --------
$48,512 $42,941 $140,273 $120,034
======= ======= ======== ========
Ratio of earnings to fixed charges 5.08 3.72 4.74 1.89
======= ======= ======== ========
(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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