Centene Corporation | Exhibit 12.1 | |||||||||||||||||||||||
Computation of ratio of earnings to fixed charges | ||||||||||||||||||||||||
($ in thousands) | ||||||||||||||||||||||||
For the Six Months Ended | Year Ended December 31, | |||||||||||||||||||||||
June 30, 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | |||||||||||||||||||
Earnings: | ||||||||||||||||||||||||
Pre-tax earnings from continuing operations | $ | 69,890 | $ | 63,636 | $ | 33,582 | $ | 57,387 | $ | 69,429 | $ | 51,893 | ||||||||||||
Addback: | ||||||||||||||||||||||||
Fixed charges | 11,383 | 20,863 | 14,402 | 6,338 | 2,951 | 1,232 | ||||||||||||||||||
Total earnings | $ | 81,273 | $ | 84,499 | $ | 47,983 | $ | 63,724 | $ | 72,380 | $ | 53,125 | ||||||||||||
Fixed Charges: | ||||||||||||||||||||||||
Interest expense | $ | 8,059 | $ | 15,626 | $ | 10,636 | $ | 3,990 | $ | 680 | $ | 194 | ||||||||||||
Interest component of rental payments (1) | 3,324 | 5,237 | 3,766 | 2,348 | 2,271 | 1,038 | ||||||||||||||||||
Total fixed charges | $ | 11,383 | $ | 20,863 | $ | 14,402 | $ | 6,338 | $ | 2,951 | $ | 1,232 | ||||||||||||
Ratio of earnings to fixed charges | 7.14 | 4.05 | 3.33 | 10.05 | 24.53 | 43.12 | ||||||||||||||||||
Dollar amount of deficiency | - | - | - | - | - | - | ||||||||||||||||||
(1) Estimated at 33% of rental expense as a reasonable approximation of the interest factor. |
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10-Q Filing
Centene (CNC) 10-Q2008 Q2 Quarterly report
Filed: 22 Jul 08, 12:00am