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Select Medical Holdings Corporation
Ratio of Earnings to Fixed Charges
(unaudited)
| For the Year Ended December 31, | |||||||||||||||
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| 2010 | 2011 | 2012 | 2013 | 2014 | |||||||||||
| (in thousands) | |||||||||||||||
Pre-tax income from operations before adjustments for non-controlling interests in consolidated subsidiaries or earnings (loss) from equity investees | $ | 124,432 | $ | 180,807 | $ | 235,845 | $ | 195,325 | $ | 196,753 | ||||||
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Fixed charges: | ||||||||||||||||
Interest expense and amortization of debt discount and premium on all indebtedness | 112,337 | 99,216 | 94,950 | 87,364 | 85,446 | |||||||||||
Capitalized interest | 767 | 304 | 153 | 242 | 381 | |||||||||||
Rentals: | ||||||||||||||||
Buildings — 33%(A) | 39,033 | 39,070 | 40,973 | 40,815 | 42,460 | |||||||||||
Office and other equipment — 33%(A) | 12,038 | 15,010 | 14,577 | 13,513 | 13,341 | |||||||||||
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Total fixed charges | $ | 164,175 | $ | 153,600 | $ | 150,653 | $ | 141,934 | $ | 141,628 | ||||||
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Pre-tax income from operations before adjustment for non-controlling interests in consolidated subsidiaries or earnings (loss) from equity investees plus fixed charges, less preferred stock dividend requirements of consolidated subsidiaries less capitalized interest | $ | 287,840 | $ | 334,103 | $ | 386,345 | $ | 337,017 | $ | 338,000 | ||||||
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Ratio of earnings to fixed charges | 1.75 | 2.18 | 2.56 | 2.37 | 2.39 | |||||||||||
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- (A)
- The Company uses 33% to estimate the interest on its rentals. This percentage is a reasonable approximation of the interest factor.
Select Medical Corporation
Ratio of Earnings to Fixed Charges
(unaudited)
| For the Year Ended December 31, | |||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2010 | 2011 | 2012 | 2013 | 2014 | |||||||||||
| (dollars in thousands) | |||||||||||||||
Pre-tax income from operations before adjustments for non-controlling interests in consolidated subsidiaries or earnings (loss) from equity investees | $ | 152,297 | $ | 209,424 | $ | 247,036 | $ | 198,694 | $ | 196,753 | ||||||
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Fixed charges: | ||||||||||||||||
Interest expense and amortization of debt discount and premium on all indebtedness | 84,472 | 81,232 | 83,759 | 84,954 | 85,446 | |||||||||||
Capitalized interest | 767 | 304 | 153 | 242 | 381 | |||||||||||
Rentals: | ||||||||||||||||
Buildings — 33%(A) | 39,033 | 39,070 | 40,973 | 40,815 | 42,460 | |||||||||||
Office and other equipment — 33%(A) | 12,038 | 15,010 | 14,577 | 13,513 | 13,341 | |||||||||||
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Total fixed charges | $ | 136,310 | $ | 135,616 | $ | 139,462 | $ | 139,524 | $ | 141,628 | ||||||
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Pre-tax income from operations before adjustment for non-controlling interests in consolidated subsidiaries or earnings (loss) from equity investees plus fixed charges, less preferred stock dividend requirements of consolidated subsidiaries less capitalized interest | $ | 287,840 | $ | 344,736 | $ | 386,345 | $ | 337,976 | $ | 338,000 | ||||||
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Ratio of earnings to fixed charges | 2.11 | 2.54 | 2.77 | 2.42 | 2.39 | |||||||||||
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- (A)
- The Company uses 33% to estimate the interest on its rentals. This percentage is a reasonable approximation of the interest factor.
Select Medical Holdings Corporation Ratio of Earnings to Fixed Charges (unaudited)
Select Medical Corporation Ratio of Earnings to Fixed Charges (unaudited)