Exhibit 12.1
MoneyGram International, Inc.
Calculation of Ratios
Calculation of Ratios
Year Ended December 31, | ||||||||||||||||||||||||
Nine Months | ||||||||||||||||||||||||
Ended | ||||||||||||||||||||||||
September 30, 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | |||||||||||||||||||
(Dollars in thousands) | ||||||||||||||||||||||||
Earnings | ||||||||||||||||||||||||
Pretax income (loss) from continuing operations | $ | 35,893 | $ | (22,322 | ) | $ | (337,191 | ) | $ | (993,267 | ) | $ | 176,773 | $ | 146,376 | |||||||||
Fixed charges | 79,326 | 111,364 | 95,850 | 15,418 | 11,261 | 9,227 | ||||||||||||||||||
Total earnings | $ | 115,219 | $ | 89,042 | $ | (241,341 | ) | $ | (977,849 | ) | $ | 188,034 | $ | 155,603 | ||||||||||
Fixed Charges | ||||||||||||||||||||||||
Interest expensed | $ | 64,526 | $ | 95,147 | $ | 85,189 | $ | 12,359 | $ | 8,932 | $ | 6,393 | ||||||||||||
Amortization of debt expense, premium and discount | 12,010 | 12,764 | 7,487 | 197 | 168 | 1,167 | ||||||||||||||||||
Estimated interest component of rent expense | 2,790 | 3,453 | 3,174 | 2,862 | 2,161 | 1,697 | ||||||||||||||||||
Total fixed charges | $ | 79,326 | $ | 111,364 | $ | 95,850 | $ | 15,418 | $ | 11,261 | $ | 9,227 | ||||||||||||
Preferred dividend requirement | $ | 141,564 | $ | 169,659 | $ | 117,836 | n/a | n/a | n/a | |||||||||||||||
Total fixed charges and preferred dividend requirement | $ | 220,890 | $ | 281,023 | $ | 213,686 | $ | 15,418 | $ | 11,261 | $ | 9,227 | ||||||||||||
Ratio of earnings to fixed charges | 1.45 | 0.80 | (2.52 | ) | (63.42 | ) | 16.70 | 16.86 | ||||||||||||||||
Deficiency of earnings to fixed charges | $ | — | $ | 22,322 | $ | 337,191 | $ | 993,267 | $ | — | $ | — | ||||||||||||
Ratio of earnings to fixed charges and preferred dividend requirements | 0.52 | 0.32 | (1.13 | ) | (63.42 | ) | 16.70 | 16.86 | ||||||||||||||||
Deficiency of earnings to fixed charges and preferred dividend requirements | $ | 105,671 | $ | 191,981 | $ | 455,027 | $ | 993,267 | $ | — | $ | — |