Exhibit 12.1
MoneyGram International, Inc.
Calculation of Ratios
Calculation of Ratios
Three Months | |||||||||||||||||||||||
Ended | Year Ended December 31, | ||||||||||||||||||||||
March 31, 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | ||||||||||||||||||
(Dollars in thousands) | |||||||||||||||||||||||
Earnings | |||||||||||||||||||||||
Pretax income (loss) from continuing operations | $ | 14,045 | $ | 43,801 | $ | (22,322 | ) | $ | (337,191 | ) | $ | (993,267 | ) | $ | 176,773 | ||||||||
Fixed charges | 21,650 | 105,949 | 111,364 | 95,850 | 15,418 | 11,261 | |||||||||||||||||
Total earnings | $ | 35,695 | $ | 149,750 | $ | 89,042 | $ | (241,341 | ) | $ | (977,849 | ) | $ | 188,034 | |||||||||
Fixed Charges | |||||||||||||||||||||||
Interest expensed | $ | 19,022 | $ | 84,640 | $ | 95,147 | $ | 85,189 | $ | 12,359 | $ | 8,932 | |||||||||||
Amortization of debt expense, premium and discount | 1,591 | 17,493 | 12,764 | 7,487 | 197 | 168 | |||||||||||||||||
Estimated interest component of rent expense | 1,037 | 3,816 | 3,453 | 3,174 | 2,862 | 2,161 | |||||||||||||||||
Total fixed charges | $ | 21,650 | $ | 105,949 | $ | 111,364 | $ | 95,850 | $ | 15,418 | $ | 11,261 | |||||||||||
Preferred dividend requirement | $ | 51,091 | $ | 192,315 | $ | 169,659 | $ | 117,836 | n/a | n/a | |||||||||||||
Total fixed charges and preferred dividend requirement | $ | 72,741 | $ | 298,264 | $ | 281,023 | $ | 213,686 | $ | 15,418 | $ | 11,261 | |||||||||||
Ratio of earnings to fixed charges | 1.65 | 1.41 | 0.80 | N/A | N/A | 16.70 | |||||||||||||||||
Deficiency of earnings to fixed charges | $ | — | $ | — | $ | 22,322 | $ | 337,191 | $ | 993,267 | $ | — | |||||||||||
Ratio of earnings to fixed charges and preferred dividend requirements | 0.49 | 0.50 | 0.32 | N/A | N/A | 16.70 | |||||||||||||||||
Deficiency of earnings to fixed charges and preferred dividend requirements | $ | 37,046 | $ | 148,514 | $ | 191,981 | $ | 455,027 | $ | 993,267 | $ | — |