Attached files
file | filename |
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8-K - FORM 8-K - MEDCO HEALTH SOLUTIONS INC | y86530e8vk.htm |
EX-1.1 - EX-1.1 - MEDCO HEALTH SOLUTIONS INC | y86530exv1w1.htm |
EX-8.1 - EX-8.1 - MEDCO HEALTH SOLUTIONS INC | y86530exv8w1.htm |
EX-99.1 - EX-99.1 - MEDCO HEALTH SOLUTIONS INC | y86530exv99w1.htm |
Exhibit 12.1
RATIOS OF EARNINGS TO FIXED CHARGES
Our ratios of earnings to fixed charges for each of the past five fiscal years and the fiscal
six months ended June 26, 2010 are as follows:
Fiscal Six | |||||||||||||||||||||||||
Months Ended | Fiscal Years Ended | ||||||||||||||||||||||||
June 26, | Dec. 26, | Dec. 27, | Dec. 29, | Dec. 30, | Dec. 31, | ||||||||||||||||||||
2010 | 2009 | 2008 | 2007 | 2006 | 2005 | ||||||||||||||||||||
(dollars in millions, except ratio data) | |||||||||||||||||||||||||
Income before taxes |
$ | 1,114.5 | $ | 2,103.3 | $ | 1,790.8 | $ | 1,503.3 | $ | 1,011.8 | $ | 952.9 | |||||||||||||
One-third of rents |
13.9 | 25.1 | 24.8 | 20.6 | 20.0 | 18.1 | |||||||||||||||||||
Interest expense |
79.5 | 172.5 | 233.7 | 134.2 | 95.8 | 73.9 | |||||||||||||||||||
Equity loss from affiliates |
1.8 | 1.2 | 1.1 | 1.2 | 2.0 | 3.6 | |||||||||||||||||||
Earnings |
$ | 1,209.7 | $ | 2,302.1 | $ | 2,050.4 | $ | 1,659.3 | $ | 1,129.6 | $ | 1,048.5 | |||||||||||||
One-third of rents |
$ | 13.9 | $ | 25.1 | $ | 24.8 | $ | 20.6 | $ | 20.0 | $ | 18.1 | |||||||||||||
Interest expense |
79.5 | 172.5 | 233.7 | 134.2 | 95.8 | 73.9 | |||||||||||||||||||
Fixed charges |
$ | 93.4 | $ | 197.6 | $ | 258.5 | $ | 154.8 | $ | 115.8 | $ | 92.0 | |||||||||||||
Ratio of Earnings to Fixed Charges(1) |
13.0x | 11.7x | 7.9x | 10.7x | 9.8x | 11.4x | |||||||||||||||||||
(1) | The ratio was calculated by dividing the sum of the fixed charges into the sum of the earnings and fixed charges. In calculating this ratio, earnings include income before income taxes and fixed charges. Fixed charges include interest expense and one-third of all rent expense (considered representative of the interest factor). |