Exhibit 12.1
Acadia Healthcare Company, Inc.
Computation of Ratio of Earnings to Fixed Charges
(Unaudited)
(Dollars in thousands)
| Year Ended December 31, | Six months ended June 30, | |||||||||||||||||||||||||||
| 2009 | 2010 | 2011 | 2012 | 2013 | 2013 | 2014 | ||||||||||||||||||||||
EARNINGS: | ||||||||||||||||||||||||||||
Income (loss) from continuing operations before income taxes | $ | 2,811 | $ | 7,158 | $ | (38,466 | ) | $ | 32,829 | $ | 69,245 | $ | 27,023 | $ | 58,158 | |||||||||||||
Fixed charges, exclusive of capitalized interest (a) | 953 | 1,018 | 10,338 | 31,360 | 39,281 | 19,151 | 20,569 | |||||||||||||||||||||
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Earnings | $ | 3,764 | $ | 8,176 | $ | (28,128 | ) | $ | 64,189 | $ | 108,526 | $ | 46,174 | $ | 78,727 | |||||||||||||
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FIXED CHARGES: | ||||||||||||||||||||||||||||
Interest charged to expense (b) | $ | 776 | $ | 760 | $ | 9,223 | $ | 29,792 | $ | 37,271 | $ | 18,207 | $ | 19,437 | ||||||||||||||
Interest portion of rent expense (c) | 177 | 258 | 1,115 | 1,568 | 2,010 | 944 | 1,132 | |||||||||||||||||||||
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Fixed charges, exclusive of capitalized interest | 953 | 1,018 | 10,338 | 31,360 | 39,281 | 19,151 | 20,569 | |||||||||||||||||||||
Capitalized interest | — | — | — | — | — | — | — | |||||||||||||||||||||
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Total fixed charges | $ | 953 | $ | 1,018 | $ | 10,338 | $ | 31,360 | $ | 39,281 | $ | 19,151 | $ | 20,569 | ||||||||||||||
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Ratio of earnings to fixed charges | 3.95x | 8.03x | n/a | 2.05x | 2.76x | 2.41x | 3.83x | |||||||||||||||||||||
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Amount by which earnings are inadequate to cover fixed charges | n/a | n/a | 38,466 | n/a | n/a | n/a | n/a | |||||||||||||||||||||
| (a) | Calculated in fixed charges section below. |
| (b) | Interest charged to expense excludes interest income and includes amortization of debt issuance costs. |
| (c) | The interest portion of rent expense is estimated to be 20% of consolidated rent expense. |