Exhibit No. (12)
HALYARD HEALTH, INC.
Computation of Ratio of Earnings to Fixed Charges
(Dollar amounts in millions)
| Three Months Ended March 31, 2015 |
Year Ended December 31, |
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| 2014 | 2013 | 2012 | 2011 | 2010 | ||||||||||||||||||||
| Income before income taxes |
$ | 32.7 | $ | 91.2 | $ | 227.8 | $ | 229.8 | $ | 214.6 | $ | 159.9 | ||||||||||||
| Interest expense |
8.3 | 6.0 | 0.1 | 0.8 | 0.2 | 0.8 | ||||||||||||||||||
| Capitalized interest |
0.2 | 0.6 | 0.4 | 0.1 | 0.4 | 0.1 | ||||||||||||||||||
| Interest factor in rent expense(a) |
1.2 | 6.0 | 5.6 | 4.5 | 4.2 | 4.9 | ||||||||||||||||||
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| Fixed Charges |
9.7 | 12.6 | 6.1 | 5.4 | 4.8 | 5.8 | ||||||||||||||||||
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| Income before income taxes plus fixed charges |
$ | 42.4 | $ | 103.8 | $ | 233.9 | $ | 235.2 | $ | 219.4 | $ | 165.7 | ||||||||||||
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| Ratio of Earnings to Fixed Charges |
4.4 | 8.2 | 38.3 | 43.6 | 45.7 | 28.6 | ||||||||||||||||||
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(a) Interest portion of rent expense is assumed to be 33%.