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- 10-K Annual report
- 10.5 Amendment to MR. Usilton's Employment Agreement
- 10.7 Amendment to MR. Schohl's Employment Agreement
- 10.9 Amendment to MR. Kogod's Employment Agreement
- 10.12 Amendment to MR. Hilger's Employment Agreement
- 10.19 Employment Agreement Between the Company and David Shapiro
- 10.20 Amendment to MR. Shapiro's Employment Agreement
- 10.28 Second Amended and Restated Executive Incentive Plan
- 10.29 Executive Retirement Plan
- 10.31 Amendment No. 1 to Post Retirement Deferred Compensation Arrangement
- 10.35 Amendment No. 1 to Deferred Bonus Plan (Prosperity Plan)
- 10.38 Amended and Restated Severance Plan
- 10.40 Amended and Restated Change In Control Bonus Program
- 10.50 Amended and Restated 2002 Equity Compensation Plan
- 10.63 Form of Restricted Stock Unit Agreement
- 12.1 Computation of Ratio of Earnings to Fixed Charges
- 21.1 List of Our Subsidiaries
- 23.1 Consent of KPMG LLP, Independent Registered Public Accounting Firm
- 31.1 Section 302 Certification - CEO
- 31.2 Section 302 Certification - CFO
- 32.1 Section 906 Certification - CEO
- 32.2 Section 906 Certification - CFO
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 write-off and the amortization of deferred financing costs), the estimated interest component of rent expense on operating leases, and capitalized interest.
Year ended December 31, | |||||||||||||||
2008 | 2007 | 2006 | 2005 | 2004 | |||||||||||
(dollars in thousands) | |||||||||||||||
Earnings adjusted for fixed charges: | |||||||||||||||
Income from continuing operations before income taxes | $ | 609,460 | $ | 627,522 | $ | 475,759 | $ | 331,097 | $ | 332,840 | |||||
Add: | |||||||||||||||
Debt expense | 224,716 | 257,147 | 276,706 | 139,586 | 52,411 | ||||||||||
Interest portion of rent expense | 72,562 | 64,613 | 60,395 | 35,189 | 24,305 | ||||||||||
297,278 | 321,760 | 337,101 | 174,775 | 76,716 | |||||||||||
$ | 906,738 | $ | 949,282 | $ | 812,860 | $ | 505,872 | $ | 409,556 | ||||||
Fixed charges: | |||||||||||||||
Debt expense | 224,716 | 257,147 | 276,706 | 139,586 | 52,411 | ||||||||||
Interest portion of rent expense | 72,562 | 64,613 | 60,395 | 35,189 | 24,305 | ||||||||||
Capitalized interest | 4,189 | 3,878 | 4,708 | 1,912 | 1,078 | ||||||||||
$ | 301,467 | $ | 325,638 | $ | 341,809 | $ | 176,687 | $ | 77,794 | ||||||
Ratio of earnings to fixed charges | 3.01 | 2.92 | 2.38 | 2.86 | 5.26 | ||||||||||