EXHIBIT 12.1
EURONET WORLDWIDE, INC.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Unaudited)
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Unaudited)
Three Months Ended | Nine Months Ended | |||||||||||||||
September 30, | September 30, | |||||||||||||||
(dollar amounts in thousands) | 2010 | 2009 | 2010 | 2009 | ||||||||||||
Pretax income from continuing operations before adjustment for income from unconsolidated subsidiaries | $ | 28,085 | $ | 26,204 | $ | 39,575 | $ | 40,866 | ||||||||
Add: | ||||||||||||||||
Fixed charges | 6,278 | 7,404 | 18,495 | 23,633 | ||||||||||||
Dividends received | — | — | — | 474 | ||||||||||||
Adjusted pretax income | $ | 34,363 | $ | 33,608 | $ | 58,070 | $ | 64,973 | ||||||||
Fixed charges: | ||||||||||||||||
Interest expense | $ | 5,074 | $ | 6,042 | $ | 15,059 | $ | 19,762 | ||||||||
Estimate of interest within rental expense | 1,204 | 1,362 | 3,436 | 3,871 | ||||||||||||
Total fixed charges | $ | 6,278 | $ | 7,404 | $ | 18,495 | $ | 23,633 | ||||||||
Ratio of earnings to fixed charges | 5.5 | 4.5 | 3.1 | 2.7 |