EXHIBIT 12
COLUMBIA/HCA HEALTHCARE CORPORATION
SUPPLEMENTAL COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(UNAUDITED)
(DOLLARS IN MILLIONS)
YEARS ENDED DECEMBER 31,
----------------------------------
1994 1993 1992 1991 1990
------ ------ ------ ------ ------
Earnings:
Income from continuing operations before
minority interests and income taxes...... $1,580 $1,230 $ 652 $ 400 $ 608
Fixed charges, exclusive of capitalized
interest................................. 491 497 584 817 904
------ ------ ------ ------ ------
$2,071 $1,727 $1,236 $1,217 $1,512
====== ====== ====== ====== ======
Fixed charges:
Interest charged to expense............... $ 387 $ 415 $ 506 $ 748 $ 852
One-third of rent expense and amortization
of deferred loan costs (a)............... 104 82 78 69 52
------ ------ ------ ------ ------
Fixed charges, exclusive of capitalized
interest................................. 491 497 584 817 904
Capitalized interest...................... 15 22 18 12 11
------ ------ ------ ------ ------
$ 506 $ 519 $ 602 $ 829 $ 915
====== ====== ====== ====== ======
Ratio of earnings to fixed charges.......... 4.09 3.33 2.05 1.47 1.65
====== ====== ====== ====== ======
- --------
(a) One-third of rent expense is considered representative of the underlying
interest.