Attached files
| file | filename |
|---|---|
| 10-K - 10-K - MOLINA HEALTHCARE, INC. | moh-12312016x10k.htm |
| EX-32.2 - EXHIBIT 32.2 - MOLINA HEALTHCARE, INC. | a12312016-10kex322.htm |
| EX-32.1 - EXHIBIT 32.1 - MOLINA HEALTHCARE, INC. | a12312016-10kex321.htm |
| EX-31.2 - EXHIBIT 31.2 - MOLINA HEALTHCARE, INC. | a12312016-10kex312.htm |
| EX-31.1 - EXHIBIT 31.1 - MOLINA HEALTHCARE, INC. | a12312016-10kex311.htm |
| EX-23.1 - EXHIBIT 23.1 - MOLINA HEALTHCARE, INC. | a12312016-10kex231.htm |
| EX-21.1 - EXHIBIT 21.1 - MOLINA HEALTHCARE, INC. | a12312016-10kex211.htm |
EXHIBIT 12.1
MOLINA HEALTHCARE, INC.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
Year Ended December 31, | |||||||||||||||||||
2016 | 2015 | 2014 | 2013 | 2012 | |||||||||||||||
(Dollars in millions) | |||||||||||||||||||
Earnings: | |||||||||||||||||||
Income before income taxes, continuing operations | $ | 205 | $ | 322 | $ | 135 | $ | 81 | $ | 23 | |||||||||
Add fixed charges: | |||||||||||||||||||
Interest expense, including amortization of debt discount | 101 | 66 | 57 | 52 | 17 | ||||||||||||||
Estimated interest portion of rental expense | 12 | 8 | 5 | 4 | 3 | ||||||||||||||
Total fixed charges | 113 | 74 | 62 | 56 | 20 | ||||||||||||||
Total earnings available for fixed charges | $ | 318 | $ | 396 | $ | 197 | $ | 137 | $ | 43 | |||||||||
Fixed charges from above: | $ | 113 | $ | 74 | $ | 62 | $ | 56 | $ | 20 | |||||||||
Ratio of Earnings to Fixed Charges | 2.8 | 5.4 | 3.2 | 2.4 | 2.2 | ||||||||||||||
Total rent expense | $ | 64 | $ | 44 | $ | 32 | $ | 25 | $ | 20 | |||||||||
Interest factor | 18 | % | 18 | % | 16 | % | 16 | % | 14 | % | |||||||||
Interest component of rental expense | $ | 12 | $ | 8 | $ | 5 | $ | 4 | $ | 3 | |||||||||