Centene Corporation | Exhibit 12.1 | ||||||||
Computation of ratio of earnings to fixed charges | |||||||||
($ in thousands) | |||||||||
For the Nine Months Ended | Year Ended December 31, | ||||||||
9/30/2008 | 2007 | 2006 | 2005 | 2004 | 2003 | ||||
Earnings: | |||||||||
Pre-tax earnings from continuing operations | $ 100,546 | $ 63,636 | $ 33,582 | $ 57,387 | $ 69,429 | $ 51,893 | |||
Addback: | |||||||||
Fixed charges | 17,528 | 20,863 | 14,402 | 6,338 | 2,951 | 1,232 | |||
Total earnings | $ 118,074 | $ 84,499 | $ 47,983 | $ 63,724 | $ 72,380 | $ 53,125 | |||
Fixed Charges: | |||||||||
Interest expense | $ 12,436 | $ 15,626 | $ 10,636 | $ 3,990 | $ 680 | $ 194 | |||
Interest component of rental payments (1) | 5,092 | 5,237 | 3,766 | 2,348 | 2,271 | 1,038 | |||
Total fixed charges | $ 17,528 | $ 20,863 | $ 14,402 | $ 6,338 | $ 2,951 | $ 1,232 | |||
Ratio of earnings to fixed charges | 6.74 | 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 Q3 Quarterly report
Filed: 28 Oct 08, 12:00am