Exhibit 12.1
MoneyGram International, Inc.
Ratio of Earnings to Fixed Charges
(Dollars in millions, except for ratios)
| Three Months | Year Ended December 31, | |||||||||||||||||||||||||||
| Y2013 | Y2012 | Y2011 | Y2010 | Y2009 | Y2008 | |||||||||||||||||||||||
| Ended March 31, 2014 | ||||||||||||||||||||||||||||
Earnings | ||||||||||||||||||||||||||||
Pretax income from continuing operations | $ | 27.3 | $ | 85.3 | $ | (8.9 | ) | $ | 39.8 | $ | 58.4 | $ | (22.3 | ) | $ | (337.2 | ) | |||||||||||
Fixed charges | 10.0 | 50.0 | 73.1 | 88.0 | 103.8 | 109.8 | 96.7 | |||||||||||||||||||||
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Total earnings | $ | 37.3 | $ | 135.3 | $ | 64.2 | $ | 127.8 | $ | 162.2 | $ | 87.5 | $ | (240.5 | ) | |||||||||||||
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Fixed Charges | ||||||||||||||||||||||||||||
Interest expensed | $ | 9.1 | $ | 44.0 | $ | 65.3 | $ | 78.8 | $ | 84.6 | $ | 99.9 | $ | 87.2 | ||||||||||||||
Amortization of debt expense, premium and discount | 0.6 | 3.3 | 5.6 | 7.4 | 17.5 | 8.0 | 5.5 | |||||||||||||||||||||
Estimated interest component of rent expense | 0.4 | 1.6 | 1.5 | 1.6 | 1.4 | 1.3 | 1.2 | |||||||||||||||||||||
Interest component of uncertain tax positions | (0.1 | ) | 1.1 | 0.7 | 0.2 | 0.3 | 0.6 | 2.8 | ||||||||||||||||||||
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Total fixed charges | $ | 10.0 | $ | 50.0 | $ | 73.1 | $ | 88.0 | $ | 103.8 | $ | 109.8 | $ | 96.7 | ||||||||||||||
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Preferred dividend requirement | $ | — | $ | — | $ | — | $ | 47.6 | $ | 192.3 | $ | 169.7 | $ | 117.8 | ||||||||||||||
Total fixed charges and preferred dividend requirement | $ | 10.0 | $ | 50.0 | $ | 73.1 | $ | 135.6 | $ | 296.1 | $ | 279.5 | $ | 214.5 | ||||||||||||||
Ratio of earnings to fixed charges | 3.73 | 2.71 | 0.88 | 1.45 | 1.56 | 0.80 | (2.49 | ) | ||||||||||||||||||||
Deficiency of earnings to fixed charges | $ | — | $ | — | $ | 8.9 | $ | — | $ | — | $ | 22.3 | $ | 337.2 | ||||||||||||||
Ratio of earnings to fixed charges and preferred dividend requirements | 3.73 | 2.71 | 0.88 | 0.94 | 0.55 | 0.31 | (1.12 | ) | ||||||||||||||||||||
Deficiency of earnings to fixed charges and preferred dividend requirements | $ | — | $ | — | $ | 8.9 | $ | 7.8 | $ | 133.9 | $ | 192.0 | $ | 455.0 | ||||||||||||||
