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EXHIBIT 12.1
MEDAPHIS CORPORATION
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
FOR THE YEAR ENDED DECEMBER 31,
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1993 1994 1995 1996 1997
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Loss before income
taxes, extraordinary item and
cumulative effect of accounting change 12,828 38,912 (1,579) (211,426) (110,002)
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FIXED CHARGES:
Interest expense 6,202 5,591 9,761 11,585 23,260
Capitalized interest - - 2,359 4,092 -
Rent 3,138 4,221 7,467 8,533 8,367
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Total fixed charges 9,340 9,812 19,587 24,210 31,627
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Earnings (loss) before income taxes,
extraordinary item, cumulative effect
of accounting change and fixed charges --------------------------------------------
(not including capitalized interest) 22,168 48,724 15,649 (191,308) (78,375)
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RATIO OF EARNINGS TO FIXED CHARGES 2.37 4.97 0.80(1) (7.90)(1) (2.48)(1)
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(1) Earnings did not cover fixed charges by $3.9 million, $215.5 million and
$110.0 million in 1995, 1996 and 1997, respectively.