Exhibit 12.1
AmerisourceBergen Corporation
Computation of Ratio of Earnings to Fixed Charges
| Fiscal Year Ended September 30, | For the Three Months Ended December 31, | |||||||||||||||||||||||
(in thousands, except ratios) | 2001 | 2002 | 2003 | 2004 | 2005 | 2004 | 2005 | |||||||||||||||||
Determination of earnings: | ||||||||||||||||||||||||
Income from continuing operations before income taxes and cumulative effect of change in accounting | $ | 202,094 | $ | 569,231 | $ | 729,146 | $ | 770,899 | $ | 468,825 | $ | 112,050 | $ | 159,310 | ||||||||||
Add: | ||||||||||||||||||||||||
Loss (income) on equity investments | 10,866 | 605 | 6,918 | (8,539 | ) | (929 | ) | (664 | ) | 266 | ||||||||||||||
Fixed charges (excluding capitalized interest) | 50,093 | 147,995 | 152,885 | 123,586 | 82,579 | 25,874 | 17,478 | |||||||||||||||||
Amortization of capitalized interest | — | 18 | 18 | 46 | 691 | 57 | 198 | |||||||||||||||||
Total earnings available for fixed charges | $ | 263,053 | $ | 717,849 | $ | 888,967 | $ | 885,992 | $ | 551,166 | $ | 137,317 | $ | 177,252 | ||||||||||
Fixed charges: | ||||||||||||||||||||||||
Interest expense | $ | 47,853 | $ | 142,346 | $ | 147,567 | $ | 117,923 | $ | 76,394 | $ | 24,419 | $ | 15,835 | ||||||||||
Capitalized interest | — | 365 | 101 | 3,054 | 6,175 | 1,158 | 508 | |||||||||||||||||
Estimated interest portion of rent expense | 2,240 | 5,649 | 5,318 | 5,663 | 6,185 | 1,455 | 1,643 | |||||||||||||||||
Total fixed charges | $ | 50,093 | $ | 148,360 | $ | 152,986 | $ | 126,640 | $ | 88,754 | $ | 27,032 | $ | 17,986 | ||||||||||
Ratio of earnings to fixed charges | 5.3 | 4.8 | 5.8 | 7.0 | 6.2 | 5.1 | 9.9 | |||||||||||||||||
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