|
Brunswick
Corporation
|
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|
Computation
of Ratio of Earnings (Loss) to Fixed Charges(A)
|
||||||||||||
|
(In
millions)
|
||||||||||||
| Year Ended December 31, | ||||||||||||
|
2009
|
2008
|
2007
|
2006
|
2005
|
||||||||
|
Earnings
(loss) as Adjusted
|
||||||||||||
|
Earnings
(loss) from continuing operations
|
$ (586.2)
|
$ (788.1)
|
$ 79.6
|
$ 263.2
|
$ 371.1
|
|||||||
|
Add:
|
Income
tax provision (benefit)
|
(98.5)
|
155.9
|
13.0
|
46.5
|
114.8
|
||||||
|
Interest
and other financial charges included in expense
|
86.1
|
54.2
|
52.3
|
60.5
|
53.2
|
|||||||
|
Interest
portion of rent expense
|
19.3
|
24.0
|
23.9
|
22.7
|
15.1
|
|||||||
|
Dividends
received from 50%-or-less-owned affiliates
|
0.3
|
5.4
|
11.6
|
6.8
|
12.3
|
|||||||
|
Subtract:
|
Earnings
(loss) from 50%-or-less-owned affiliates
|
15.7
|
(6.5)
|
(21.3)
|
(14.8)
|
(18.1)
|
||||||
|
$ (563.3)
|
$ (555.1)
|
$ 159.1
|
$ 384.9
|
$ 548.4
|
||||||||
|
Fixed
Charges
|
||||||||||||
|
Interest
and other financial charges
|
$ 86.1
|
$ 54.2
|
$ 52.3
|
$ 60.5
|
$ 53.2
|
|||||||
|
Interest
portion of rent expense
|
19.3
|
24.0
|
23.9
|
22.7
|
15.1
|
|||||||
|
Capitalized
interest
|
0.2
|
1.2
|
2.3
|
2.8
|
1.4
|
|||||||
|
$ 105.6
|
$ 79.4
|
$ 78.5
|
$ 86.0
|
$ 69.7
|
||||||||
|
Ratio
of earnings to fixed charges
|
(5.3)
|
x
|
(7.0)
|
x
|
2.0
|
x
|
4.5
|
x
|
7.9
|
x
|
||
|
(A)
|
For
computation of the ratio of earnings (loss) to fixed charges, earnings
(loss) have been calculated by adding fixed charges to earnings (loss)
from continuing operations before income taxes and dividends received from
equity affiliates, then deducting the undistributed earnings (loss) of
affiliates. Fixed charges consist of interest expense,
estimated interest portion of rental expense and capitalized
interest.
|
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