Attached files
| file | filename |
|---|---|
| EX-10.23 - FORM OF PERFORMANCE BASED RESTRICTED STOCK UNIT AGREEMENT - CENTENE CORP | exhibit1023.htm |
| 10-K - FORM 10-K - CENTENE CORP | form10-k.htm |
| EX-32.2 - CERTIFICATION - CENTENE CORP | exhibit322.htm |
| EX-32.1 - CERTIFICATION - CENTENE CORP | exhibit321.htm |
| EX-31.2 - CERTIFICATION - CENTENE CORP | exhibit312.htm |
| EX-31.1 - CERTIFICATION - CENTENE CORP | exhibit311.htm |
| EX-23 - CONSENT - CENTENE CORP | exhibit23.htm |
| EX-21 - LIST OF SUBSIDIARIES - CENTENE CORP | exhibit21.htm |
| EX-10.25 - FORM OF LONG TERM INCENTIVE AGREEMENT - CENTENE CORP | exhibit1025.htm |
| EX-10.20 - FORM OF RESTRICTED STOCK UNIT AGREEMENT - CENTENE CORP | exhibit1020.htm |
Exhibit 12.1
Centene Corporation
Computation of ratio of earnings to fixed charges
($ in millions)
Year Ended December 31, | |||||||||||||||||||
2016 | 2015 | 2014 | 2013 | 2012 | |||||||||||||||
Earnings: | |||||||||||||||||||
Pre-tax earnings from continuing operations | $ | 1,157 | $ | 697 | $ | 457 | $ | 269 | $ | 123 | |||||||||
Addback: | |||||||||||||||||||
Fixed charges | 262 | 65 | 50 | 37 | 29 | ||||||||||||||
Add (Subtract): | |||||||||||||||||||
Noncontrolling interest | 1 | (2 | ) | 7 | (1 | ) | 13 | ||||||||||||
Interest capitalized | — | — | — | — | — | ||||||||||||||
Total earnings | $ | 1,420 | $ | 760 | $ | 514 | $ | 305 | $ | 165 | |||||||||
Fixed Charges: | |||||||||||||||||||
Interest expensed and capitalized | $ | 217 | $ | 43 | $ | 35 | $ | 27 | $ | 20 | |||||||||
Interest component of rental payments (1) | 45 | 22 | 15 | 10 | 9 | ||||||||||||||
Total fixed charges | $ | 262 | $ | 65 | $ | 50 | $ | 37 | $ | 29 | |||||||||
Ratio of earnings to fixed charges | 5.4 | 11.7 | 10.3 | 8.2 | 5.7 | ||||||||||||||
(1) Estimated at 33% of rental expense as a reasonable approximation of the interest factor. | |||||||||||||||||||