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- 10-Q Quarterly report
- 4.1 Supplemental Indenture, Dated October 5, 2005 (Senior)
- 4.2 Supplemental Indenture, Dated October 5, 2005 (Senior Subordinated)
- 10.1 Davita Voluntary Deferral Plan
- 10.2 Director Compensation Philosophy and Plan
- 10.3 Memorandum Relating to Bonus Structure for Thomas O. Usilton
- 10.4 Memorandum Relating to Bonus Structure for Joseph Schohl
- 10.5 Alliance and Product Supply Agreement, Dated As of October 5, 2005
- 10.6 Credit Agreement, Dated As of Octoer 5, 2005
- 10.7 Securitiy Agreement, Dated As of October 5, 2005
- 10.8 Freestanding Dialysis Center Agreement No. 200308359
- 10.9 Corporate Integrity Agreement
- 12.1 Ratio of Earnings to Fixed Charges
- 31.1 Certification of Chief Executive Officer, Dated November 3, 2005
- 31.2 Certification of Chief Financial Officer, Dated November 3, 2005
- 32.1 Certification of Chief Executive Officer, Dated November 3, 2005
- 32.2 Certification of Chief Financial Officer, Dated November 3, 2005
Exhibit 12.1
DAVITA INC.
RATIO OF EARNINGS TO FIXED CHARGES
The ratio of earnings to fixed charges is computed by dividing earnings by fixed charges. Earnings for this purpose is defined as pretax income from continuing operations adjusted by adding back fixed charges expensed during the period. Fixed charges include debt expense (interest expense and the amortization of deferred financing costs), the estimated interest component of rental expense on operating leases, and capitalized interest.
Nine months September 30, | Year ended December 31, | |||||||||||||||||
2004 | 2003 | 2002 | 2001 | 2000 | ||||||||||||||
(dollars in thousands) | ||||||||||||||||||
Earnings adjusted for fixed charges: | ||||||||||||||||||
Income from continuing operations | $ | 265,369 | $ | 361,884 | $ | 288,266 | $ | 267,257 | $ | 242,567 | $ | 39,223 | ||||||
Add: | ||||||||||||||||||
Debt expense | 66,728 | 52,412 | 66,828 | 71,636 | 72,438 | 116,637 | ||||||||||||
Interest portion of rental expense | 22,452 | 25,772 | 22,927 | 20,336 | 18,116 | 17,140 | ||||||||||||
89,180 | 78,184 | 89,755 | 91,972 | 90,554 | 133,777 | |||||||||||||
$ | 354,549 | $ | 440,068 | $ | 378,021 | $ | 359,229 | $ | 333,121 | $ | 173,000 | |||||||
Fixed charges: | ||||||||||||||||||
Debt expense | 66,728 | 52,412 | 66,828 | 71,636 | 72,438 | 116,637 | ||||||||||||
Interest portion of rental expense | 22,452 | 25,772 | 22,927 | 20,336 | 18,116 | 17,140 | ||||||||||||
Capitalized interest | 1,412 | 1,078 | 1,523 | 1,888 | 751 | 1,125 | ||||||||||||
$ | 90,592 | $ | 79,262 | $ | 91,278 | $ | 93,860 | $ | 91,305 | $ | 134,902 | |||||||
Ratio of earnings to fixed charges | 3.91 | 5.55 | 4.14 | 3.83 | 3.65 | 1.28 | ||||||||||||