Attached files

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EX-99.2 - EXHIBIT 99.2 - ModivCare Incex99-2.htm
EX-99.1 - EXHIBIT 99.1 - ModivCare Incex99-1.htm
EX-32.2 - EXHIBIT 32.2 - ModivCare Incex32-2.htm
EX-32.1 - EXHIBIT 32.1 - ModivCare Incex32-1.htm
EX-31.2 - EXHIBIT 31.2 - ModivCare Incex31-2.htm
EX-31.1 - EXHIBIT 31.1 - ModivCare Incex31-1.htm
EX-23.3 - EXHIBIT 23.3 - ModivCare Incex23-3.htm
EX-23.2 - EXHIBIT 23.2 - ModivCare Incex23-2.htm
EX-23.1 - EXHIBIT 23.1 - ModivCare Incex23-1.htm
EX-21.1 - EXHIBIT 21.1 - ModivCare Incex21-1.htm
EX-10.17 - EXHIBIT 10.17 - ModivCare Incex10-17.htm
EX-10.16 - EXHIBIT 10.16 - ModivCare Incex10-16.htm
10-K - FORM 10-K - ModivCare Incprsc20161231_10k.htm

Exhibit 12.1

 

Providence Service Corporation

Ratio of Earnings to Fixed Charges

 

   

For the Years

 
   

Ended December 31,

 
   

2012

   

2013

   

2014

   

2015

   

2016

 
 

(in thousands, except ratios)

 

Earnings:

                                       

Pre-tax income (loss) from continuing operations before adjustment for loss from equity investee

  $ (1,868 )   $ 19,730     $ 32,800     $ 876     $ 8,409  

Add: Fixed charges

    12,818       12,330       20,900       26,739       25,277  

Less: Noncontrolling interest in pre-tax income (loss) of subsidiaries that have not incurred fixed charges

    -       -       -       (502 )     (2,082 )

Earnings

  $ 10,950     $ 32,060     $ 53,700     $ 28,117     $ 35,768  

Fixed charges:

                                       

Interest expense

  $ 7,636     $ 7,032     $ 10,424     $ 2,456     $ 1,767  

Interest element of rentals

    5,182       5,298       10,476       20,348       19,091  

Preferred dividend

    -       -       -       3,935       4,419  

Fixed charges

  $ 12,818     $ 12,330     $ 20,900     $ 26,739     $ 25,277  
                                         

Ratio of earnings to fixed charges

    0.85       2.60       2.57       1.05       1.42