Attached files

file filename
10-K - ANNUAL REPORT - CARDINAL HEALTH INCd10k.htm
EX-32.2 - SECTION 906 CFO CERTIFICATION - CARDINAL HEALTH INCdex322.htm
EX-21.1 - LIST OF SUBSIDIARIES OF CARDINAL HEALTH, INC. - CARDINAL HEALTH INCdex211.htm
EX-99.1 - STATEMENT REGARDING FORWARD-LOOKING INFORMATION - CARDINAL HEALTH INCdex991.htm
EX-31.1 - SECTION 302 CEO CERTIFICATION - CARDINAL HEALTH INCdex311.htm
EX-31.2 - SECTION 302 CFO CERTIFICATION - CARDINAL HEALTH INCdex312.htm
EX-32.1 - SECTION 906 CEO CERTIFICATION - CARDINAL HEALTH INCdex321.htm
EX-10.15 - CONFIDENTIALITY AND BUSINESS PROTECTION AGREEMENT - CARDINAL HEALTH INCdex1015.htm
EX-10.5.4 - TERM SHEET FOR ADJUSTMENTS - CARDINAL HEALTH INCdex1054.htm
EX-10.5.5 - TERM SHEET FOR ADJUSTMENTS - CARDINAL HEALTH INCdex1055.htm
EX-10.5.3 - TERM SHEET FOR ADJUSTMENTS - CARDINAL HEALTH INCdex1053.htm
EX-10.16 - CONFIDENTIALITY AND BUSINESS PROTECTION AGREEMENT - CARDINAL HEALTH INCdex1016.htm
EX-10.23.8 - OMNIBUS AMENDMENT AND WAIVER - CARDINAL HEALTH INCdex10238.htm
EX-10.1.11 - FORM OF NONQUALIFIED STOCK OPTION AGREEMENT - CARDINAL HEALTH INCdex10111.htm
EX-10.1.17 - FORM OF RESTRICTED SHARE UNITS AGREEMENT - CARDINAL HEALTH INCdex10117.htm
EX-10.2.12 - FORM OF RESTRICTED SHARES AGREEMENT - CARDINAL HEALTH INCdex10212.htm
EX-10.2.11 - FORM OF RESTRICTED SHARES AGREEMENT - CARDINAL HEALTH INCdex10211.htm
EX-23.1 - CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM - CARDINAL HEALTH INCdex231.htm

Exhibit 12.1

CARDINAL HEALTH, INC.

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

 

     Fiscal Year Ended June 30,  

(in millions, except for ratios)

   2006     2007     2008     2009     2010  

Earnings before income taxes and discontinued operations

   $ 1,316.3      $ 815.3      $ 1,295.1      $ 1,159.8      $ 1,211.6   

Plus fixed charges:

          

Interest expense

     102.5        108.2        143.4        118.4        125.5   

Capitalized interest

     4.1        10.5        13.5        5.1        2.9   

Amortization of debt offering costs

     3.4        7.4        3.5        3.8        9.9   

Interest portion of rent expense

     16.8        15.6        12.2        11.1        6.0   
                                        

Fixed charges

     126.8        141.7        172.6        138.4        144.3   

Plus amortization of capitalized interest

     2.9        1.3        1.5        2.5        6.5   

Less capitalized interest

     (4.1     (10.5     (13.5     (5.1     (2.9
                                        

Earnings

   $ 1,441.9      $ 947.8      $ 1,455.7      $ 1,295.6      $ 1,359.5   
                                        

Ratio of earnings to fixed charges (1)

     11.4        6.7        8.4        9.4        9.4   

 

(1)

The ratio of earnings to fixed charges is computed by dividing fixed charges into earnings before income taxes and discontinued operations plus fixed charges and capitalized interest. Fixed charges include interest expense, amortization of debt offering costs and the portion of rent expense that is deemed to be representative of the interest factor. Interest expense recorded on tax exposures has been recorded in income tax expense and has therefore been excluded from the calculation.