NeighborCare, Inc.
Ratio of Earnings to Fixed Charges
| | Successor Company | | Predecessor Company | |||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| | Six Months Ended March 31, | | | | | | | |||||||||||
| | Fiscal Year Ended September 30, | |||||||||||||||||
| | 2004 | 2003 | 2003 | 2002 | | 2001 | 2000 | 1999 | ||||||||||
| Earnings | ||||||||||||||||||
| Income from continuing operations before income taxes and equity earnings | (13,076 | ) | 5,934 | 1,908 | (6,440 | ) | 920,964 | (174,490 | ) | (38,860 | ) | |||||||
| Equity in earnings of >50% owned affiliates | 240 | 165 | 360 | 179 | 873 | 703 | (372 | ) | ||||||||||
| Adjusted pre-tax income (loss) from continuing operations | (13,316 | ) | 5,769 | 1,548 | (6,619 | ) | 920,091 | (175,193 | ) | (38,488 | ) | |||||||
| Fixed charges | 10,207 | 7,217 | 14,358 | 17,186 | 45,188 | 61,491 | 48,906 | |||||||||||
| Earnings from continuing operations before fixed charges | (3,109 | ) | 12,986 | 15,906 | 10,567 | 965,279 | (113,702 | ) | 10,418 | |||||||||
Fixed charges | ||||||||||||||||||
| Interest expense | 10,207 | 7,217 | 14,358 | 17,186 | 45,188 | 61,491 | 48,906 | |||||||||||
| Total fixed charges | 10,207 | 7,217 | 14,358 | 17,186 | 45,188 | 61,491 | 48,906 | |||||||||||
Ratio of earnings to fixed charges | * | 1.80 | 1.11 | * | 21.36 | * | * | |||||||||||
*—For the six months ended March 31, 2004 and the fiscal years ended September 30, 2002, 2000 and 1999, our earnings were insufficient to cover fixed charges by $13.3 million, $6.6 million $175.2 million and $62.1 million, respectively.
Note: The Ratio of Earnings to Fixed Charges should be read in conjunction with the Consolidated Financial Statements and Management's Discussion and Analysis of Financial Condition and Results of Operations in this Registration Statement.
