CARDINAL HEALTH INC - FORM 10-K - EX-12.1 - EXHIBIT 12.1 - August 13, 2014

Attached files

file filename
EX-21.1 - LIST OF SUBSIDIARIES OF CARDINAL HEALTH, INC. - CARDINAL HEALTH INCa14q4_10kx063014xexhibit211.htm
EX-10.2.4 - EXHIBIT 10.2.4 - CARDINAL HEALTH INCa14q4_10kx063014xexhibit1024.htm
EX-31.2 - SECTION 302 CFO CERTIFICATION - CARDINAL HEALTH INCa14q4_10kx063014xexhibit312.htm
EX-10.1.8 - EXHIBIT 10.1.8 - CARDINAL HEALTH INCa14q4_10kx063014xexhibit1018.htm
EX-31.1 - SECTION 302 CEO CERTIFICATION - CARDINAL HEALTH INCa14q4_10kx063014xexhibit311.htm
EX-10.1.2 - EXHIBIT 10.1.2 - CARDINAL HEALTH INCa14q4_10kx063014xexhibit1012.htm
EX-32.1 - SECTION 906 CEO AND CFO CERTIFICATION - CARDINAL HEALTH INCa14q4_10kx063014xexhibit321.htm
EXCEL - IDEA: XBRL DOCUMENT - CARDINAL HEALTH INCFinancial_Report.xls
10-K - ANNUAL REPORT - CARDINAL HEALTH INCa14q4_10kx063014xform10-k.htm
EX-23.1 - CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM - CARDINAL HEALTH INCa14q4_10kx063014xexhibit231.htm
EX-99.1 - STATEMENT REGARDING FORWARD-LOOKING INFORMATION - CARDINAL HEALTH INCa14q4_10kx063014xexhibit991.htm
 
 
Exhibit 12.1
Cardinal Health, Inc. and Subsidiaries


Computation of Ratio of Earnings to Fixed Charges
 
June 30
(in millions, except ratios) 
2010
 
2011
 
2012
 
2013
 
2014
Earnings before income taxes and discontinued operations
$
1,211.6

 
$
1,518.3

 
$
1,698.1

 
$
888.3

 
$
1,798.3

 
 
 
 
 
 
 
 
 
 
Plus fixed charges:
 

 
 

 
 

 
 
 
 
Interest expense
125.5

 
95.2

 
92.3

 
119.2

 
129.4

Capitalized interest
2.9

 
5.7

 
6.0

 
1.7

 
1.2

Amortization of debt offering costs
9.9

 
1.8

 
2.8

 
3.5

 
3.6

Interest portion of rent expense
6.0

 
7.1

 
7.8

 
8.3

 
9.8

Fixed charges
144.3

 
109.8

 
108.9

 
132.7

 
144.0

Plus: amortization of capitalized interest
6.5

 
5.3

 
3.2

 
3.4

 
2.9

Less: capitalized interest
(2.9
)
 
(5.7
)
 
(6.0
)
 
(1.7
)
 
(1.2
)
Earnings
$
1,359.5

 
$
1,627.7

 
$
1,804.2

 
$
1,022.7

 
$
1,944.0

 
 

 
 

 
 

 
 
 
 
Ratio of earnings to fixed charges (1)
9.4

 
14.8

 
16.6

 
7.7

 
13.5

(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.



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