Medicis Pharmaceutical Inactive 10-K2007 FY Annual report

Filed: 29 Feb 08, 12:00am

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New words: admission, AMP, appraisal, approach, auction, beneficiary, Big, Biographical, book, BPs, Callable, candidate, capped, ceiling, cessation, character, CIA, clause, CMS, Coast, complimentary, compound, concession, Creditor, crime, declaratory, deconsolidated, deconsolidation, Deficit, ElevessTM, energy, expend, expiry, FCP, FDAMA, foremost, formation, formula, fraudulent, fuel, Guard, Hepatic, hyperion, hypothetical, IMPAX, implantation, impracticable, improper, indeterminate, interval, Israeli, joint, Mentor, misclassified, noncontrolling, Nonrefundable, notwithstanding, occupy, optionee, outpatient, owner, Paragraph, PERLANE®are, preclude, procurement, promptly, proving, quoted, radio, ran, recalculation, reclassification, reconciliation, refrain, rejection, residual, RESTYLANE®and, retention, revance, Sculptra, secondary, strong, student, sublet, subprime, substantive, television, TRICARE, unclear, unlawful, unregistered, unsalable, unwilling, upper, VA, vacate, venture, VHCA

Removed: acute, asthma, buying, cefdinir, Cephalexin, children, covenant, desoximetasone, discovery, ear, eradication, erythromycin, Excluding, extinguishment, HCI, head, incremental, lice, LUSTRA, malathion, middle, optional, OVIDE, Patheon, pathogen, pediculicide, pretax, PRIMSOL, Puerto, Rarely, rico, SCT, shampoo, suspension, taro, TOPICORT, trimethoprim, uncomplicated, vote

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Exhibit 12
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(in thousands)



	Fiscal Years Ended June 30,									Six Months Ended December 31,						Years Ended December 31,
	2003			2004			2005			2004			2005			2006			2007
EARNINGS:
Income (loss) before income tax expense	$	77,660		$	46,157		$	99,102		$	32,551		$	80,223		$	(116,645	)	$	126,095
Add: Fixed charges		14,375			13,161			12,993			6,454			6,547			13,026			12,856

Earnings as defined	$	92,035		$	59,318		$	112,095		$	39,005		$	86,770		$	(103,619	)	$	138,951


FIXED CHARGES:
Interest expense	$	10,038		$	8,663		$	8,488		$	4,244		$	4,253		$	8,488		$	8,495
Amortization of deferred
financing fees		2,542			2,145			2,152			1,080			1,080			2,168			1,523

Interest expense as reported		12,580			10,808			10,640			5,324			5,333			10,640			10,018
Portion of rent expense as interest		1,795			2,353			2,353			1,129			1,214			2,386			2,838

Fixed charges as defined	$	14,375		$	13,161		$	12,993		$	6,453		$	6,547		$	13,026		$	12,856


Ratio of earnings to fixed charges		6.4	x		4.5	x		8.6	x		6.0	x		13.3	x		(8.0	)x		10.8	x

For purposes of computing the ratios of earnings to fixed charges, earnings represent pretax income from continuing operations plus fixed charges. Fixed charges represent interest expense and the portion of rents representative of interest related to continuing operations.