1
EXHIBIT 12
COLUMBIA/HCA HEALTHCARE CORPORATION
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
FOR THE QUARTERS AND NINE MONTHS ENDED SEPTEMBER 30, 1999 AND 1998
(DOLLARS IN MILLIONS)
QUARTER NINE MONTHS
------------ ----------------
1999 1998 1999 1998
---- ---- ------ ------
EARNINGS:
Income from continuing operations before minority interests
and income taxes......................................... $247 $410 $1,065 $1,120
Fixed charges, excluding capitalized interest.............. 147 175 435 542
---- ---- ------ ------
$394 $585 $1,500 $1,662
==== ==== ====== ======
FIXED CHARGES:
Interest charged to expense................................ $122 $142 $ 351 $ 440
Interest portion of rental expense and amortization of
deferred loan costs...................................... 26 33 84 102
---- ---- ------ ------
Fixed charges, excluding capitalized interest.............. 148 175 435 542
Capitalized interest....................................... 4 6 16 16
---- ---- ------ ------
$152 $181 $ 451 $ 558
==== ==== ====== ======
Ratio of earnings to fixed charges......................... 2.59 3.23 3.33 2.98