Molina Healthcare (MOH) 10-K 2014 FY Annual report

EXHIBIT 12.1

Molina Healthcare, Inc.

Computation of Ratio of Earnings to Fixed Charges

	Year Ended December 31,
	2014			2013			2012			2011			2010
	(Dollars in Thousands)
Earnings:
Income before income taxes, continuing operations	$	135,304		$	81,146		$	23,379		$	120,302		$	81,128
Add fixed charges:
Interest expense, including amortization of debt discount and expense	56,811			52,071			16,769			15,519			15,509
Estimated interest portion of rental expense	5,180			3,922			2,865			2,542			4,522
Total fixed charges	61,991			55,993			19,634			18,061			20,031
Total earnings available for fixed charges	$	197,295		$	137,139		$	43,013		$	138,363		$	101,159
Fixed charges from above:	$	61,991		$	55,993		$	19,634		$	18,061		$	20,031
Ratio of Earnings to Fixed Charges	3.2			2.4			2.2			7.7			5.1
Total rent expense	$	32,375		$	24,510		$	20,462		$	23,110		$	25,124
Interest factor	16		%	16		%	14		%	11		%	18		%
Interest component of rental expense	$	5,180		$	3,922		$	2,865		$	2,542		$	4,522