EXHIBIT 12
COLUMBIA/HCA HEALTHCARE CORPORATION
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
FOR THE QUARTERS AND SIX MONTHS ENDED JUNE 30, 1995 AND 1994
(DOLLARS IN MILLIONS)
QUARTER SIX MONTHS
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1995 1994 1995 1994
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Earnings:
Income before income taxes........................ $ 130 $ 399 $ 732 $ 715
Fixed charges, exclusive of capitalized interest.. 160 114 303 222
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$ 290 $ 513 $1,035 $ 937
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Fixed Charges:
Interest charged to expense....................... $ 121 $ 91 $ 236 $ 176
One-third of rent expense and amortization of
deferred loan costs and capitalized interest (a). 39 23 67 46
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Fixed charges, exclusive of capitalized interest.. 160 114 303 222
Capitalized interest.............................. 8 5 13 11
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$ 168 $ 119 $ 316 $ 233
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Ratio of earnings to fixed charges................ 1.72 4.30 3.27 4.02
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(a) One-third of rent expense is considered representative of the underlying
interest.
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