Exhibit 12.1
Air Methods Corporation
Ratio of Earnings to Fixed Charges
(dollars in thousands)
Year Ended December 31, | Nine Month Period Ended | |||||||||||||||||||||||
2004(1) | 2005 | 2006 | 2007 | 2008 | September 30, 2009 | |||||||||||||||||||
Calculation of Earnings | ||||||||||||||||||||||||
Pre-Tax Income From Continuing Operations | $ | 19,454 | $ | 20,025 | $ | 30,344 | $ | 45,448 | $ | 30,478 | $ | 42,631 | ||||||||||||
Fixed Charges | 14,037 | 13,238 | 14,354 | 16,982 | 23,705 | 18,068 | ||||||||||||||||||
Pre-Tax Income From Continuing Operations and Fixed Charges | $ | 33,491 | $ | 33,263 | $ | 44,698 | $ | 62,430 | $ | 54,183 | $ | 60,699 | ||||||||||||
Calculation of Fixed Charges | ||||||||||||||||||||||||
Interest Expense | $ | 7,856 | $ | 5,956 | $ | 5,821 | $ | 5,609 | $ | 5,197 | $ | 3,643 | ||||||||||||
Interest Factor in Rental Expense (2) | 6,181 | 7,282 | 8,533 | 11,373 | 18,508 | 14,425 | ||||||||||||||||||
Total Fixed Charges | $ | 14,037 | $ | 13,238 | $ | 14,354 | $ | 16,982 | $ | 23,705 | $ | 18,068 | ||||||||||||
Ratio of Earnings to Fixed Charges | 2.39 | 2.51 | 3.11 | 3.68 | 2.29 | 3.36 |
Notes
(1) | Pre-tax income from continuing operations for 2004 includes $14,090 for the pre-tax cumulative effect of a change in method of accounting for maintenance costs. |
(2) | The portion of total rental expense that represents the interest factor is estimated to be 32%. |