EXHIBIT 12.1
COLUMBIA HEALTHCARE CORPORATION
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(UNAUDITED)
(DOLLARS IN MILLIONS)
YEARS ENDED DECEMBER 31,
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1993 1992 1991 1990 1989
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Earnings:
Income from continuing operations before minority interests and income
taxes................................................................ $ 329 $ 339 $ 569 $ 529 $ 472
Fixed charges, exclusive of capitalized interest...................... 156 144 136 137 161
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$ 485 $ 483 $ 705 $ 666 $ 633
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Fixed charges:
Interest charged to expense........................................... $ 129 $ 117 $ 111 $ 119 $ 147
One-third of rent expense and amortization of deferred loan costs
(a).................................................................. 27 27 25 18 14
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Fixed charges, exclusive of capitalized interest...................... 156 144 136 137 161
Capitalized interest.................................................. 6 8 7 4 3
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$ 162 $ 152 $ 143 $ 141 $ 164
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Ratio of earnings to fixed charges...................................... 2.99 3.16 4.94 4.72 3.85
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<FN>
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(a) One-third of rent expense is considered representative of the underlying
interest.