Attached files
| file | filename |
|---|---|
| EX-31.1 - CERTIFICATION - CENTENE CORP | exhibit311.htm |
| EX-32.2 - CERTIFICATION - CENTENE CORP | exhibit322.htm |
| EX-10.1 - PLAN AMENDMENT - CENTENE CORP | exhibit101.htm |
| EX-31.2 - CERTIFICATION - CENTENE CORP | exhibit312.htm |
| EX-32.1 - CERTIFICATION - CENTENE CORP | exhibit321.htm |
| XML - IDEA: XBRL DOCUMENT - CENTENE CORP | R9999.htm |
| 10-Q - FORM 10-Q - CENTENE CORP | form10-q.htm |
Exhibit 12.1
Centene Corporation
Computation of ratio of earnings to fixed charges
($ in millions)
Six Months Ended | Year Ended December 31, | ||||||||||||||||||||||
06/30/15 | 2014 | 2013 | 2012 | 2011 | 2010 | ||||||||||||||||||
Earnings: | |||||||||||||||||||||||
Pre-tax earnings from continuing operations | $ | 300 | $ | 457 | $ | 269 | $ | 123 | $ | 188 | $ | 154 | |||||||||||
Addback: | |||||||||||||||||||||||
Fixed charges | 31 | 50 | 37 | 29 | 28 | 26 | |||||||||||||||||
Subtract: | |||||||||||||||||||||||
Noncontrolling interest | (1 | ) | 7 | (1 | ) | 13 | 3 | (3 | ) | ||||||||||||||
Interest capitalized | — | — | — | — | — | (1 | ) | ||||||||||||||||
Total earnings | $ | 330 | $ | 514 | $ | 305 | $ | 165 | $ | 219 | $ | 176 | |||||||||||
Fixed Charges: | |||||||||||||||||||||||
Interest expensed and capitalized | $ | 21 | $ | 35 | $ | 27 | $ | 20 | $ | 20 | $ | 19 | |||||||||||
Interest component of rental payments (1) | 10 | 15 | 10 | 9 | 8 | 7 | |||||||||||||||||
Total fixed charges | $ | 31 | $ | 50 | $ | 37 | $ | 29 | $ | 28 | $ | 26 | |||||||||||
Ratio of earnings to fixed charges | 10.6 | 10.3 | 8.2 | 5.7 | 7.8 | 6.8 | |||||||||||||||||
(1) Estimated at 33% of rental expense as a reasonable approximation of the interest factor. | |||||||||||||||||||||||