EXHIBIT 12.2
TENET HEALTHCARE CORPORATON AND SUBSIDIARIES
STATEMENT RE: COMPUTATION OF PRO FORMA RATIO
OF EARNINGS TO FIXED CHARGES
(DOLLARS IN MILLIONS)
FOR THE
FOR THE SIX MONTHS ENDED
YEAR ENDED MAY 31, NOVEMBER 30,
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1994 1995 1996 1995 1996
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Income from continuing operations before income taxes $313.9 $416.5 $544.2 $266.6 $336.2
Less: Equity in earnings of unconsolidated affiliates 27.4 42.4 3.4 1.7 1.3
Add:
Cash dividends received from unconsolidated affiliates 0.2 8.3 6.3 2.2 2.0
Portion of rents representative of interest 41.6 54.3 79.0 38.8 36.8
Interest, net of capitalized portion 156.7 251.3 455.7 236.6 213.3
Amortization of previously capitalized interest 3.8 4.0 4.0 2.0 2.0
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Income, as adjusted $488.8 $692.0 $1,085.8 $544.5 $589.0
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Fixed charges:
Interest, net of capitalized portion $156.7 $251.3 $455.7 $236.6 $213.3
Capitalized interest 5.0 7.5 11.4 4.9 5.2
Portion of rents representative of interest 41.6 54.3 79.0 38.8 36.8
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Total fixed charges $203.3 $313.1 $546.1 $280.3 $255.3
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Ratio of earnings to fixed charges: 2.4x 2.2x 2.0x 1.9x 2.3x