Attached files
| file | filename |
|---|---|
| EXCEL - IDEA: XBRL DOCUMENT - CENTENE CORP | Financial_Report.xls |
| EX-32.2 - CERTIFICATION - CENTENE CORP | exhibit322.htm |
| EX-10.2 - CONTRACT AMENDMENT - CENTENE CORP | exhibit102.htm |
| EX-10.1 - CONTRACT AMENDMENT - CENTENE CORP | exhibit101.htm |
| EX-31.1 - CERTIFICATION - CENTENE CORP | exhibit311.htm |
| EX-32.1 - CERTIFICATION - CENTENE CORP | exhibit321.htm |
| EX-31.2 - CERTIFICATION - CENTENE CORP | exhibit312.htm |
| 10-Q - 10-Q - CENTENE CORP | form10-q.htm |
| EX-10.3 - CONTRACT AMENDMENT - CENTENE CORP | exhibit103.htm |
Exhibit 12.1
Centene Corporation
Computation of ratio of earnings to fixed charges
($ in thousands)
Nine Months Ended September 30, | Year Ended December 31, | ||||||||||||||||||||||
2014 | 2013 | 2012 | 2011 | 2010 | 2009 | ||||||||||||||||||
Earnings: | |||||||||||||||||||||||
Pre-tax earnings from continuing operations | $ | 263,381 | $ | 268,917 | $ | 122,792 | $ | 188,349 | $ | 154,282 | $ | 137,508 | |||||||||||
Addback: | |||||||||||||||||||||||
Fixed charges | 35,661 | 37,042 | 29,556 | 27,757 | 26,141 | 23,104 | |||||||||||||||||
Subtract: | |||||||||||||||||||||||
Non-controlling interest | 4,842 | (619 | ) | 13,154 | 2,855 | (3,435 | ) | (2,574 | ) | ||||||||||||||
Interest capitalized | — | — | — | — | (1,089 | ) | (116 | ) | |||||||||||||||
Total earnings | $ | 303,884 | $ | 305,340 | $ | 165,502 | $ | 218,961 | $ | 175,899 | $ | 157,922 | |||||||||||
Fixed Charges: | |||||||||||||||||||||||
Interest expensed and capitalized | $ | 24,909 | $ | 26,957 | $ | 20,460 | $ | 20,320 | $ | 19,081 | $ | 16,434 | |||||||||||
Interest component of rental payments (1) | 10,752 | 10,085 | 9,096 | 7,437 | 7,060 | 6,670 | |||||||||||||||||
Total fixed charges | $ | 35,661 | $ | 37,042 | $ | 29,556 | $ | 27,757 | $ | 26,141 | $ | 23,104 | |||||||||||
Ratio of earnings to fixed charges | 8.52 | 8.24 | 5.60 | 7.89 | 6.73 | 6.84 | |||||||||||||||||
(1) Estimated at 33% of rental expense as a reasonable approximation of the interest factor. | |||||||||||||||||||||||