Attached files
| file | filename |
|---|---|
| 10-Q - FORM 10-Q - CENTENE CORP | form10-q.htm |
| EX-32.2 - CERTIFICATION - CENTENE CORP | exhibit322.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 |
Exhibit 12.1
Centene Corporation
Computation of ratio of earnings to fixed charges
($ in millions)
Three Months Ended | Year Ended December 31, | ||||||||||||||||||||||
03/31/16 | 2015 | 2014 | 2013 | 2012 | 2011 | ||||||||||||||||||
Earnings: | |||||||||||||||||||||||
Pre-tax earnings from continuing operations | $ | 2 | $ | 697 | $ | 457 | $ | 269 | $ | 123 | $ | 188 | |||||||||||
Addback: | |||||||||||||||||||||||
Fixed charges | 40 | 65 | 50 | 37 | 29 | 28 | |||||||||||||||||
Subtract: | |||||||||||||||||||||||
Noncontrolling interest | (1 | ) | (2 | ) | 7 | (1 | ) | 13 | 3 | ||||||||||||||
Interest capitalized | — | — | — | — | — | — | |||||||||||||||||
Total earnings | $ | 41 | $ | 760 | $ | 514 | $ | 305 | $ | 165 | $ | 219 | |||||||||||
Fixed Charges: | |||||||||||||||||||||||
Interest expensed and capitalized | $ | 33 | $ | 43 | $ | 35 | $ | 27 | $ | 20 | $ | 20 | |||||||||||
Interest component of rental payments (1) | 7 | 22 | 15 | 10 | 9 | 8 | |||||||||||||||||
Total fixed charges | $ | 40 | $ | 65 | $ | 50 | $ | 37 | $ | 29 | $ | 28 | |||||||||||
Ratio of earnings to fixed charges | 1.0 | 11.7 | 10.3 | 8.2 | 5.7 | 7.8 | |||||||||||||||||
(1) Estimated at 33% of rental expense as a reasonable approximation of the interest factor. | |||||||||||||||||||||||