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8-K - FORM 8-K - MEDCO HEALTH SOLUTIONS INCy86530e8vk.htm
EX-1.1 - EX-1.1 - MEDCO HEALTH SOLUTIONS INCy86530exv1w1.htm
EX-8.1 - EX-8.1 - MEDCO HEALTH SOLUTIONS INCy86530exv8w1.htm
EX-99.1 - EX-99.1 - MEDCO HEALTH SOLUTIONS INCy86530exv99w1.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).