Euronet Worldwide (EEFT) 10-Q 2012 Q2 Quarterly report

EURONET WORLDWIDE, INC.

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

(Unaudited)

	Three Months Ended				Six Months Ended
	June 30,				June 30,
(dollar amounts in thousands)	2012		2011		2012		2011
Pretax income before adjustment for income from unconsolidated subsidiaries	$	10,635	$	18,753	$	28,768	$	42,035
Add:
Fixed charges	7,932		6,525		15,524		13,089
Dividends received	2,021		118		2,021		118
Adjusted pretax income	$	20,588	$	25,396	$	46,313	$	55,242
Fixed charges:
Interest expense	$	5,579	$	5,171	$	11,059	$	10,506
Estimate of interest within rental expense	2,353		1,354		4,465		2,583
Total fixed charges	$	7,932	$	6,525	$	15,524	$	13,089
Ratio of earnings to fixed charges	2.6		3.9		3.0		4.2