Attached files
| file | filename |
|---|---|
| EXCEL - IDEA: XBRL DOCUMENT - CENTENE CORP | Financial_Report.xls |
| EX-23 - CONSENT - CENTENE CORP | exhibit23.htm |
| EX-3.2 - BY-LAW AMENDMENT - CENTENE CORP | exhibit32.htm |
| EX-21 - LIST OF SUBSIDIARIES - CENTENE CORP | exhibit21.htm |
| EX-31.1 - CERTIFICATION - CENTENE CORP | exhibit311.htm |
| EX-32.2 - CERTIFICATION - CENTENE CORP | exhibit322.htm |
| EX-31.2 - CERTIFICATION - CENTENE CORP | exhibit312.htm |
| 10-K - FORM 10-K - CENTENE CORP | form10k.htm |
| EX-32.1 - CERTIFICATION - CENTENE CORP | exhibit321.htm |
Exhibit 12.1
Centene Corporation
Computation of ratio of earnings to fixed charges
($ in millions)
Year Ended December 31, | |||||||||||||||||||
2014 | 2013 | 2012 | 2011 | 2010 | |||||||||||||||
Earnings: | |||||||||||||||||||
Pre-tax earnings from continuing operations | $ | 457 | $ | 269 | $ | 123 | $ | 188 | $ | 154 | |||||||||
Addback: | |||||||||||||||||||
Fixed charges | 50 | 37 | 29 | 28 | 26 | ||||||||||||||
Subtract: | |||||||||||||||||||
Non-controlling interest | (7 | ) | (1 | ) | 13 | 3 | (3 | ) | |||||||||||
Interest capitalized | — | — | — | — | (1 | ) | |||||||||||||
Total earnings | $ | 500 | $ | 305 | $ | 165 | $ | 219 | $ | 176 | |||||||||
Fixed Charges: | |||||||||||||||||||
Interest expensed and capitalized | $ | 35 | $ | 27 | $ | 20 | $ | 20 | $ | 19 | |||||||||
Interest component of rental payments (1) | 15 | 10 | 9 | 8 | 7 | ||||||||||||||
Total fixed charges | $ | 50 | $ | 37 | $ | 29 | $ | 28 | $ | 26 | |||||||||
Ratio of earnings to fixed charges | 10.0 | 8.2 | 5.7 | 7.8 | 6.8 | ||||||||||||||
(1) Estimated at 33% of rental expense as a reasonable approximation of the interest factor. | |||||||||||||||||||