Exhibit 12.1
Six months ended
March 31, The year ended September 30,
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2004 2003 2003 2002 2001 2000 1999
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Income from continuing operations
before income taxes, net income (loss)
of unconsolidated affiliates
and minority interest $ 21,657 $ 21,737 $ 43,021 $ 69,176 $ 151,423 $(872,944) $(149,546)
Fixed Charges:
Interest expense 13,502 8,215 17,579 17,128 103,122 214,550 89,143
Interest portion of rent expense (1) 4,766 4,525 9,307 8,865 9,546 10,614 7,877
Amortized finance fees 667 1,000 2,000 2,000 2,000 6,000 4,000
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Fixed charges 18,936 13,740 28,886 27,993 114,668 231,164 101,020
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Earnings:
Income from continuing operations before
income taxes, net income (loss) of
unconsolidated affiliates and minority
interest plus fixed charges $ 40,593 $ 35,477 $ 71,907 $ 97,169 $ 266,091 $(641,780) $ (48,526)
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Ratio of earnings to fixed charges (2) 2.14x 2.58x 2.49x 3.47x 2.32x NM NM
(1) The interest component of rent expense is estimated at one-third of our
reported lease expense.
(2) The ratio of earnings to fixed charges is computed by dividing fixed
charges into income from continuing operations before income taxes, net
income (loss) of unconsolidated affiliates and minority interests plus
fixed charges. Fixed charges include interest (expensed or capitalized),
amortization of debt issuance costs and the estimated interest component of
rent expense. For the fiscal years ended September 30, 2000 and 1999, our
earnings were insufficient to cover fixed charges by $872.9 million and
$149.5 million, respectively.
Ads Recuperative Center LTD Partnership Inactive
Filed: 17 Jun 04, 12:00am