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EXHIBIT 12.1
EURONET WORLDWIDE, INC.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Unaudited)
Three Months Ended June 30, | Six Months Ended June 30, | |||||||||||||||
(dollar amounts in thousands) | 2018 | 2017 | 2018 | 2017 | ||||||||||||
Pretax income before adjustment for income from unconsolidated subsidiaries | $ | 60,063 | $ | 69,933 | $ | 100,191 | $ | 106,973 | ||||||||
Add: | ||||||||||||||||
Fixed charges | 13,409 | 11,147 | 23,804 | 20,234 | ||||||||||||
Adjusted pretax income | $ | 73,472 | $ | 81,080 | $ | 123,995 | $ | 127,207 | ||||||||
Fixed charges: | ||||||||||||||||
Interest expense | $ | 10,061 | $ | 8,376 | $ | 17,667 | $ | 15,524 | ||||||||
Estimate of interest within rental expense | 3,348 | 2,771 | 6,137 | 4,710 | ||||||||||||
Total fixed charges | $ | 13,409 | $ | 11,147 | $ | 23,804 | $ | 20,234 | ||||||||
Ratio of earnings to fixed charges | 5.5 | 7.3 | 5.2 | 6.3 |