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- S-4 Registration of securities issued in business combination transactions
- 3.1 Exhibit 3.1
- 3.2 Exhibit 3.2
- 3.3 Exhibit 3.3
- 3.6 Exhibit 3.6
- 3.7 Exhibit 3.7
- 3.10 Exhibit 3.10
- 3.11 Exhibit 3.11
- 3.12 Exhibit 3.12
- 3.13 Exhibit 3.13
- 3.14 Exhibit 3.14
- 3.15 Exhibit 3.15
- 3.18 Exhibit 3.18
- 3.19 Exhibit 3.19
- 3.20 Exhibit 3.20
- 3.21 Exhibit 3.21
- 4.1 Exhibit 4.1
- 5.1 Exhibit 5.1
- 5.2 Exhibit 5.2
- 10.1 Exhibit 10.1
- 10.2 Exhibit 10.2
- 10.3 Exhibit 10.3
- 10.4 Exhibit 10.4
- 10.5 Exhibit 10.5
- 10.6 Exhibit 10.6
- 10.7 Exhibit 10.7
- 10.10 Exhibit 10.10
- 10.11 Exhibit 10.11
- 10.27 Exhibit 10.27
- 10.29 Exhibit 10.29
- 12.1 Exhibit 12.1
- 23.3 Exhibit 23.3
- 25.1 Exhibit 25.1
- 99.1 Exhibit 99.1
- 99.2 Exhibit 99.2
- 99.3 Exhibit 99.3
- 99.4 Exhibit 99.4
- 31 Dec 03 Registration of securities issued in business combination transactions (amended)
- 24 Nov 03 Registration of securities issued in business combination transactions (amended)
- 24 Oct 03 Registration of securities issued in business combination transactions (amended)
- 29 Sep 03 Registration of securities issued in business combination transactions
- 16 Jan 98 Registration of securities issued in business combination transactions (amended)
- 19 Dec 97 Registration of securities issued in business combination transactions
Exhibit 12.1
KINETIC CONCEPTS, INC.
Ratio of Earnings to Fixed Charges
(dollars in thousands, except ratio amounts)
|
|
|
|
|
|
|
|
|
|
|
| YTD June 30, |
| LTM June 30, |
| ||
|
| 1998 |
| 1999 |
| 2000 (1) |
| 2001 |
| 2002 (2) |
| 2002 |
| 2003 |
|
| |
Net Earnings |
| 11,776 |
| (314 | ) | 9,129 |
| 23,901 |
| 43,744 |
| 20,029 |
| 35,945 |
| 59,660 |
|
Income Tax |
| 7,851 |
| 620 |
| 6,476 |
| 17,307 |
| 29,163 |
| 12,538 |
| 21,567 |
| 38,192 |
|
Interest Expense |
| 48,594 |
| 46,502 |
| 48,635 |
| 45,116 |
| 40,943 |
| 20,692 |
| 16,228 |
| 36,479 |
|
|
| 68,221 |
| 46,808 |
| 64,240 |
| 86,324 |
| 113,850 |
| 53,259 |
| 73,740 |
| 134,331 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest Expense |
| 48,594 |
| 46,502 |
| 48,635 |
| 45,116 |
| 40,943 |
| 20,692 |
| 16,228 |
| 36,479 |
|
Interest in Operating Leases |
| 4,945 |
| 5,387 |
| 5,129 |
| 4,797 |
| 6,531 |
| 2,966 |
| 3,575 |
| 7,140 |
|
Total Fixed Charges |
| 53,539 |
| 51,889 |
| 53,764 |
| 49,913 |
| 47,474 |
| 23,658 |
| 19,803 |
| 43,619 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Fixed-Charge Ratio |
| 1.3 | x | 0.9 | x(3) | 1.2 | x | 1.7 | x | 2.4 | x | 2.3 | x | 3.7 | x | 3.1 | x |
(1) In December 2000, we began reporting international results on a current-month basis. As a result of this change, the 2000 fiscal year included a 13th monthly period for the international segment which increased reported revenue and operating earnings by approximately $8.0 million and $1.1 million, respectively.
(2) This calculation excludes pretax income of $173.3 million ($175.0 million less expenses of $1.7 million) from Hillenbrand as part of an antitrust settlement.
(3) In 1999, the fixed charge ratio indicated less than one-to-one coverage of $5.1 million.