Kindred Hospital Palm Beach, L.L.C. Inactive
Filed: 4 Oct 11, 12:00am
Exhibit 12.1
Kindred Healthcare, Inc.
Statement of Computation of Ratio of Earnings to Fixed Charges
(In thousands, except statistics)
| Year ended December 31, | Six months ended June 30, 2011 | |||||||||||||||||||||||
| 2006 | 2007 | 2008 | 2009 | 2010 | ||||||||||||||||||||
COMPUTATION OF FIXED CHARGES: | ||||||||||||||||||||||||
Interest expensed and capitalized in continuing operations, including amortization of debt discounts and fees | $ | 14,837 | $ | 19,638 | $ | 18,246 | $ | 10,108 | $ | 8,374 | $ | 29,190 | (1) | |||||||||||
Interest expensed and capitalized in discontinued operations, including amortization of debt discounts and fees | 1 | 6 | 2 | 9 | 1 | — | ||||||||||||||||||
Interest component of rental expense(2) | 106,803 | 117,936 | 115,945 | 117,273 | 119,168 | 62,396 | ||||||||||||||||||
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Total fixed charges | $ | 121,641 | $ | 137,580 | $ | 134,193 | $ | 127,390 | $ | 127,543 | $ | 91,586 | ||||||||||||
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COMPUTATION OF EARNINGS: | ||||||||||||||||||||||||
Pretax income from continuing operations before adjustment for noncontrolling interests in consolidated subsidiaries and income or loss from equity investees | $ | 131,850 | $ | 77,198 | $ | 96,307 | $ | 99,802 | $ | 87,807 | (3) | $ | 26,798 | (1)(3) | ||||||||||
Fixed charges | 121,641 | 137,580 | 134,193 | 127,390 | 127,543 | 91,586 | (1) | |||||||||||||||||
Distributed income of equity investees | 2,769 | 514 | 7,749 | 2,477 | 700 | 1,000 | ||||||||||||||||||
Amortization of capitalized interest, less interest capitalized | (917 | ) | (2,579 | ) | (2,800 | ) | (2,080 | ) | (1,015 | ) | (89 | ) | ||||||||||||
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| $ | 255,343 | $ | 212,713 | $ | 235,449 | $ | 227,589 | $ | 215,035 | $ | 119,295 | |||||||||||||
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RATIO OF EARNINGS TO FIXED CHARGES | 2.10x | 1.55x | 1.75x | 1.79x | 1.69x | 1.30x | ||||||||||||||||||
| (1) | Includes financing costs related to the RehabCare Acquisition totaling $13.8 million. |
| (2) | Management has estimated the interest component of rent expense to be 33%. |
| (3) | Includes transaction costs related to the RehabCare Acquisition totaling $0.7 million for the year ended December 31, 2010 and $37.9 million for the six months ended June 30, 2011. |