Exhibit 12.1
Express Scripts, Inc.
Calculation of Ratio of Earnings to Fixed Charges
(Dollar amounts in millions)
Calculation of Ratio of Earnings to Fixed Charges
(Dollar amounts in millions)
| Three Months | ||||||||||||||||||||||||
| ended March 31, | Year Ended December 31, | |||||||||||||||||||||||
| 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | |||||||||||||||||||
| Income from continuing operations before income taxes | $ | 339.3 | $ | 1,213.6 | $ | 944.7 | $ | 742.2 | $ | 613.9 | $ | 450.6 | ||||||||||||
| Add: | ||||||||||||||||||||||||
| Undistributed loss from joint venture | — | 0.3 | 1.3 | 1.6 | 2.4 | 4.5 | ||||||||||||||||||
| Interest expense | 17.1 | 77.6 | 108.4 | 95.7 | 37.2 | 41.7 | ||||||||||||||||||
| Estimated interest component of rental expense | 2.2 | 10.3 | 10.5 | 9.1 | 8.1 | 7.4 | ||||||||||||||||||
| Income as adjusted | $ | 358.6 | $ | 1,301.8 | $ | 1,064.9 | $ | 848.6 | $ | 661.6 | $ | 504.2 | ||||||||||||
| Fixed charges: | ||||||||||||||||||||||||
| Interest expense | 17.1 | 77.6 | 108.4 | 95.7 | 37.2 | 41.7 | ||||||||||||||||||
| Estimated interest component of rental expense | 2.2 | 10.3 | 10.5 | 9.1 | 8.1 | 7.4 | ||||||||||||||||||
| Total fixed charges | $ | 19.3 | $ | 87.9 | $ | 118.9 | $ | 104.8 | $ | 45.3 | $ | 49.1 | ||||||||||||
| Ratio of Earnings to Fixed Charges | 18.6 | x | 14.8 | x | 9.0 | x | 8.1 | x | 14.6 | x | 10.3 | x | ||||||||||||
Note: Interest component of rental expense estimated to be 1/3 of rental expense