American Renal Holdings Inc. - FORM 10-Q - EX-12.1 - STATEMENT OF COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES - May 13, 2011

Attached files

file filename
10-Q - FORM 10-Q - American Renal Holdings Inc.d10q.htm
EX-32.1 - CERTIFICATION OF CHIEF EXECUTIVE OFFICER PURSUANT TO SECTION 906 - American Renal Holdings Inc.dex321.htm
EX-31.2 - CERTIFICATION OF CHIEF FINANCIAL OFFICER PURSUANT TO SECTION 302 - American Renal Holdings Inc.dex312.htm
EX-31.1 - CERTIFICATION OF CHIEF EXECUTIVE OFFICER PURSUANT TO SECTION 302 - American Renal Holdings Inc.dex311.htm
EX-10.18 - FIRST AMENDMENT TO EMPLOYMENT AGREEMENT - American Renal Holdings Inc.dex1018.htm
EX-32.2 - CERTIFICATION OF CHIEF FINANCIAL OFFICER PURSUANT TO SECTION 906 - American Renal Holdings Inc.dex322.htm

Exhibit 12.1

 

     Predecessor Entity     Successor Entity  
     Year Ended December 31,     For the
period from
January 1,
2010
through
May 7, 2010		     For the
period from
May 8, 2010
through
December 31,
2010		     Three  Months
Ended
March 31,
2011		  
     2006     2007     2008     2009        

Earnings adjusted for fixed charges:

                 

Income from operations before income taxes

    $ 16,375      $ 19,866      $ 27,683      $ 37,053      $ 8,846      $ 6,421      $ 8,601   

Add: Interest expense

      12,845        13,695        13,729        14,948        5,717        14,821        5,750   

Add: Estimate of implicit interest in rental expense

      1,628        1,920        2,747        3,051        1,124        2,432        907   

Less: Noncontrolling interests

      (11,833 )      (14,706 )      (17,179 )      (22,391 )      (9,266 )          (18,444 )      (7,549 ) 
                                                        

Total adjustments

      2,640        909        (703 )      (4,392 )      (2,425 )      (1,191 )      (892 ) 

Adjusted income from operations

    $ 19,015      $ 20,775      $ 26,980      $ 32,661      $ 6,421      $ 5,230      $ 7,709   
                                                        

Fixed charges:

                 

Interest expense

    $ 12,845      $ 13,695      $ 13,729      $ 14,948      $ 5,717      $ 14,821      $ 5,750   

Interest portion of rent expense

      1,628        1,920        2,747        3,051        1,124        2,432        907   
                                                        

Total fixed charges

    $ 14,473      $ 15,615      $ 16,476      $ 17,999      $ 6,841      $ 17,253      $ 6,657   
                                                        

Ratio of earnings to fixed charges

      1.31        1.33        1.64        1.81        0.94 (1)      0.30 (2)      1.15   
                                                        

 

(1) Earnings were insufficient to cover fixed charges by $0.4 million.
(2) Earnings were insufficient to cover fixed charges by $12.0 million.

American Renal Holdings Inc. Reports