Exhibit 12.1
AmerisourceBergen Corporation
Computation of Ratio of Earnings to Fixed Charges
| Fiscal Year Ended September 30, | For the Six Months Ended March 31, | ||||||||||||||||||||||||
(in thousands, except ratios) | 2001 | 2002 | 2003 | 2004 | 2005 | 2005 | 2006 | ||||||||||||||||||
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 | $ | 277,170 | $ | 355,716 | |||||||||||
Add: | |||||||||||||||||||||||||
Loss (income) on equity investments | 10,866 | 605 | 6,918 | (8,539 | ) | (929 | ) | (1,044 | ) | (2,530 | ) | ||||||||||||||
Fixed charges (excluding capitalized interest) | 50,093 | 147,995 | 152,885 | 123,586 | 82,579 | 45,631 | 35,462 | ||||||||||||||||||
Amortization of capitalized interest | — | 18 | 18 | 46 | 691 | 357 | 412 | ||||||||||||||||||
Total earnings available for fixed charges | $ | 263,053 | $ | 717,849 | $ | 888,967 | $ | 885,992 | $ | 551,166 | $ | 322,114 | $ | 389,060 | |||||||||||
Fixed charges: | |||||||||||||||||||||||||
Interest expense | $ | 47,853 | $ | 142,346 | $ | 147,567 | $ | 117,923 | $ | 76,394 | $ | 42,570 | $ | 31,921 | |||||||||||
Capitalized interest | — | 365 | 101 | 3,054 | 6,175 | 3,167 | 1,252 | ||||||||||||||||||
Estimated interest portion of rent expense | 2,240 | 5,649 | 5,318 | 5,663 | 6,185 | 3,061 | 3,541 | ||||||||||||||||||
Total fixed charges | $ | 50,093 | $ | 148,360 | $ | 152,986 | $ | 126,640 | $ | 88,754 | $ | 48,798 | $ | 36,714 | |||||||||||
Ratio of earnings to fixed charges | 5.3 | 4.8 | 5.8 | 7.0 | 6.2 | 6.6 | 10.6 | ||||||||||||||||||
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