Attached files
| file | filename |
|---|---|
| 10-Q - FORM 10-Q - CENTENE CORP | form10q.htm |
| EX-32.1 - CERTIFICATION - CENTENE CORP | exhibit321.htm |
| EX-31.1 - CERTIFICATION - CENTENE CORP | exhibit311.htm |
| EX-32.2 - CERTIFICATION - CENTENE CORP | exhibit322.htm |
| EX-10.1 - CONTRACT - CENTENE CORP | exhibit101.htm |
| EX-31.2 - CERTIFICATION - CENTENE CORP | exhibit312.htm |
|
Centene Corporation |
Exhibit 12.1 |
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Computation of ratio of earnings to fixed charges |
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($ in thousands) |
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For the Three Months Ended March 31, |
Year Ended December 31, |
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2010 |
2009 |
2008 |
2007 |
2006 |
2005 |
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Earnings: |
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Pre-tax earnings from continuing operations |
$ | 32,855 | $ | 137,508 | $ | 136,616 | $ | 64,071 | $ | 27,165 | $ | 48,079 | ||||||||||||
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Addback: |
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Fixed charges |
5,778 | 23,104 | 23,128 | 20,612 | 13,909 | 6,158 | ||||||||||||||||||
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Subtract: |
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Non-controlling interest |
(248 | ) | (2,574 | ) | - | - | - | - | ||||||||||||||||
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Interest capitalized |
(449 | ) | (116 | ) | - | - | - | - | ||||||||||||||||
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Total earnings |
$ | 37,936 | $ | 157,922 | $ | 159,744 | $ | 84,683 | $ | 41,074 | $ | 54,237 | ||||||||||||
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Fixed Charges: |
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Interest expensed and capitalized |
$ | 4,262 | $ | 16,434 | $ | 16,673 | $ | 15,626 | $ | 10,574 | $ | 3,985 | ||||||||||||
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Interest component of rental payments (1) |
1,516 | 6,670 | 6,455 | 4,986 | 3,335 | 2,173 | ||||||||||||||||||
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Total fixed charges |
$ | 5,778 | $ | 23,104 | $ | 23,128 | $ | 20,612 | $ | 13,909 | $ | 6,158 | ||||||||||||
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Ratio of earnings to fixed charges |
6.57 | 6.84 | 6.91 | 4.11 | 2.95 | 8.81 | ||||||||||||||||||
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(1) Estimated at 33% of rental expense as a reasonable approximation of the interest factor. |
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