Attached files
| file | filename |
|---|---|
| 10-K - FORM 10-K - CENTENE CORP | form10k.htm |
| EX-23 - CONSENT - CENTENE CORP | exhibit23.htm |
| EX-21 - LIST OF SUBSIDIARIES - CENTENE CORP | exhibit21.htm |
| EX-31.1 - CERTIFICATION - CENTENE CORP | exhibit311.htm |
| EX-32.2 - CERTIFICATION - CENTENE CORP | exhibit322.htm |
| EX-32.1 - CERTIFICATION - CENTENE CORP | exhibit321.htm |
| EX-31.2 - CERTIFICATION - CENTENE CORP | exhibit312.htm |
| EX-10.10 - DEFERRED COMPENSATION PLAN - CENTENE CORP | exhibit1010.htm |
| EX-10.1E - CONTRACT AMENDMENT - CENTENE CORP | exhibit101e.htm |
Exhibit 12.1
Centene Corporation
Computation of ratio of earnings to fixed charges
($ in thousands)
|
Year Ended December 31, |
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|
2009 |
2008 |
2007 |
2006 |
2005 |
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|
Earnings: |
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|
Pre-tax earnings from continuing operations |
$ | 137,508 | $ | 136,616 | $ | 64,071 | $ | 27,165 | $ | 48,079 | ||||||||||
|
Addback: |
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|
Fixed charges |
23,104 | 23,128 | 20,612 | 13,909 | 6,158 | |||||||||||||||
|
Subtract: |
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|
Non-controlling interest |
(2,574 | ) | - | - | - | - | ||||||||||||||
|
Interest capitalized |
(116 | ) | - | - | - | - | ||||||||||||||
|
Total earnings |
$ | 157,922 | $ | 159,744 | $ | 84,683 | $ | 41,074 | $ | 54,237 | ||||||||||
|
Fixed Charges: |
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|
Interest expensed and capitalized |
$ | 16,434 | $ | 16,673 | $ | 15,626 | $ | 10,574 | $ | 3,985 | ||||||||||
|
Interest component of rental payments (1) |
6,670 | 6,455 | 4,986 | 3,335 | 2,173 | |||||||||||||||
|
Total fixed charges |
$ | 23,104 | $ | 23,128 | $ | 20,612 | $ | 13,909 | $ | 6,158 | ||||||||||
|
Ratio of earnings to fixed charges |
6.84 | 6.91 | 4.11 | 2.95 | 8.81 | |||||||||||||||
(1) Estimated at 33% of rental expense as a reasonable approximation of the interest factor.