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8-K Filing
Cardinal Health (CAH) 8-KComputation of Ratio of Earnings to Fixed Charges
Filed: 13 Jun 03, 12:00am
Exhibit 99
CARDINAL HEALTH, INC.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
FOR THE FIVE YEARS ENDED JUNE 30, 2002 and
FOR THE NINE MONTHS ENDED MARCH 31, 2003
Fiscal Year Ended June 30, | Nine Months Ended | |||||||||||||||||||||||
($'s in millions) | 1998 | 1999 | 2000 | 2001 | 2002 | March 31, 2003 | ||||||||||||||||||
Earnings from continuing operations before income taxes | $ | 734.4 | $ | 821.7 | $ | 1,141.9 | $ | 1,332.2 | $ | 1,701.3 | $ | 1,573.9 | ||||||||||||
Add-Fixed Charges: | ||||||||||||||||||||||||
Interest Expense | $ | 110.6 | $ | 118.0 | $ | 142.7 | $ | 158.1 | $ | 134.2 | $ | 92.3 | ||||||||||||
Interest Capitalized | 1.7 | 4.5 | 1.6 | 2.7 | 3.9 | 3.9 | ||||||||||||||||||
Amortization of Debt Offering Costs | 0.9 | 1.6 | 1.6 | 2.3 | 3.1 | 2.4 | ||||||||||||||||||
Interest Portion of Rent Expense | 25.3 | 28.6 | 33.7 | 37.5 | 32.9 | 28.7 | ||||||||||||||||||
Total Fixed Charges | $ | 138.5 | $ | 152.7 | $ | 179.6 | $ | 200.6 | $ | 174.1 | $ | 127.3 | ||||||||||||
Less: Interest Capitalized | (1.7 | ) | (4.5 | ) | (1.6 | ) | (2.7 | ) | (3.9 | ) | (3.9 | ) | ||||||||||||
Earnings as Adjusted | $ | 871.2 | $ | 969.9 | $ | 1,319.9 | $ | 1,530.1 | $ | 1,871.5 | $ | 1,697.3 | ||||||||||||
Ratio of Earnings to Fixed Charges | 6.3 | 6.4 | 7.3 | 7.6 | 10.7 | 13.3 |