Attached files
| file | filename |
|---|---|
| 10-K - FORM 10-K - MEDICIS PHARMACEUTICAL CORP | p16939e10vk.htm |
| EX-21.1 - EX-21.1 - MEDICIS PHARMACEUTICAL CORP | p16939exv21w1.htm |
| EX-23.1 - EX-23.1 - MEDICIS PHARMACEUTICAL CORP | p16939exv23w1.htm |
| EX-31.2 - EX-31.2 - MEDICIS PHARMACEUTICAL CORP | p16939exv31w2.htm |
| EX-31.1 - EX-31.1 - MEDICIS PHARMACEUTICAL CORP | p16939exv31w1.htm |
| EX-10.74 - EX-10.74 - MEDICIS PHARMACEUTICAL CORP | p16939exv10w74.htm |
| EX-10.70 - EX-10.70 - MEDICIS PHARMACEUTICAL CORP | p16939exv10w70.htm |
| EX-10.71 - EX-10.71 - MEDICIS PHARMACEUTICAL CORP | p16939exv10w71.htm |
| EX-10.75 - EX-10.75 - MEDICIS PHARMACEUTICAL CORP | p16939exv10w75.htm |
| EX-10.72 - EX-10.72 - MEDICIS PHARMACEUTICAL CORP | p16939exv10w72.htm |
| EX-10.73 - EX-10.73 - MEDICIS PHARMACEUTICAL CORP | p16939exv10w73.htm |
| EX-32.2 - EX-32.2 - MEDICIS PHARMACEUTICAL CORP | p16939exv32w2.htm |
| EX-32.1 - EX-32.1 - MEDICIS PHARMACEUTICAL CORP | p16939exv32w1.htm |
Exhibit 12
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(in thousands)
(in thousands)
| Fiscal | Six Months | |||||||||||||||||||||||
| Year Ended | Ended | Years Ended | ||||||||||||||||||||||
| June 30, | December 31, | December 31, | ||||||||||||||||||||||
| 2005 | 2005 | 2006 | 2007 | 2008 | 2009 | |||||||||||||||||||
EARNINGS: |
||||||||||||||||||||||||
Income (loss) before income
tax expense |
$ | 89,425 | $ | 81,617 | $ | (72,722 | ) | $ | 118,980 | $ | 42,406 | $ | 135,590 | |||||||||||
Add: Fixed charges |
12,092 | 6,084 | 12,133 | 11,839 | 9,546 | 6,694 | ||||||||||||||||||
Earnings as defined |
$ | 101,517 | $ | 87,701 | $ | (60,589 | ) | $ | 130,819 | $ | 51,952 | $ | 142,284 | |||||||||||
FIXED CHARGES: |
||||||||||||||||||||||||
Interest expense |
$ | 8,488 | $ | 4,253 | $ | 8,488 | $ | 8,495 | $ | 6,008 | $ | 4,228 | ||||||||||||
Amortization of deferred
financing fees |
2,152 | 1,080 | 2,152 | 1,523 | 666 | — | ||||||||||||||||||
Interest expense as reported |
10,640 | 5,333 | 10,640 | 10,018 | 6,674 | 4,228 | ||||||||||||||||||
Portion of rent
expense as interest |
1,452 | 751 | 1,493 | 1,821 | 2,872 | 2,466 | ||||||||||||||||||
Fixed charges as defined |
$ | 12,092 | $ | 6,084 | $ | 12,133 | $ | 11,839 | $ | 9,546 | $ | 6,694 | ||||||||||||
Ratio of earnings to fixed charges |
8.4 | x | 14.4 | x | (5.0) | x | 11.1 | x | 5.4 | x | 21.3 | x | ||||||||||||
For purposes of computing the ratios of earnings to fixed charges, earnings represent
pretax income from continuing operations plus fixed charges. Fixed charges represent interest
expense and the portion of rents representative of interest related to continuing operations.