Centene Corporation | Exhibit 12.1 | ||||||||
Computation of ratio of earnings to fixed charges | |||||||||
($ in thousands) |
For the Nine Months Ended | Year Ended December 31, | |||||||||||||||||||||||
9/30/2007 | 2006 | 2005 | 2004 | 2003 | 2002 | |||||||||||||||||||
Earnings: | ||||||||||||||||||||||||
Pre-tax earnings from continuing operations | $ | 62,360 | $ | (21,652 | ) | $ | 85,856 | $ | 70,287 | $ | 51,893 | $ | 41,136 | |||||||||||
Addback: | ||||||||||||||||||||||||
Fixed charges | 15,198 | 15,573 | 6,506 | 2,489 | 1,232 | 915 | ||||||||||||||||||
Total earnings | $ | 77,558 | $ | (6,079 | ) | $ | 92,362 | $ | 72,776 | $ | 53,125 | $ | 42,051 | |||||||||||
Fixed Charges: | ||||||||||||||||||||||||
Interest expense | $ | 11,516 | $ | 10,636 | $ | 3,990 | $ | 680 | $ | 194 | $ | 45 | ||||||||||||
Interest component of rental payments (1) | 3,682 | 4,937 | 2,516 | 1,809 | 1,038 | 870 | ||||||||||||||||||
Total fixed charges | $ | 15,198 | $ | 15,573 | $ | 6,506 | $ | 2,489 | $ | 1,232 | $ | 915 | ||||||||||||
Ratio of earnings to fixed charges | 5.10 | (0.39 | ) | 14.20 | 29.24 | 43.12 | 45.96 | |||||||||||||||||
Dollar amount of deficiency | - | $ | 21,652 | - | - | - | - |
(1) Estimated at 33% of rental expense as a reasonable approximation of the interest factor.