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EX-32.2 - CERTIFICATION - CENTENE CORPexhibit322.htm
EX-32.1 - CERTIFICATION - CENTENE CORPexhibit321.htm
EX-31.2 - CERTIFICATION - CENTENE CORPexhibit312.htm
EX-31.1 - CERTIFICATION - CENTENE CORPexhibit311.htm
10-Q - FORM 10-Q - CENTENE CORPform10-q.htm


Exhibit 12.1
Centene Corporation
Computation of ratio of earnings to fixed charges
($ in millions)
 
Six Months Ended
 
Year Ended December 31,
 
06/30/17
 
2016
 
2015
 
2014
 
2013
 
2012
Earnings:
 
 
 
 
 
 
 
 
 
 
 
Pre-tax earnings from continuing operations
$
640

 
$
1,157

 
$
697

 
$
457

 
$
269

 
$
123

Addback:
 
 
 
 
 
 
 
 
 
 
 
Fixed charges
153

 
262

 
65

 
50

 
37

 
29

Add (Subtract):
 
 
 
 
 
 
 
 
 
 
 
Noncontrolling interest
9

 
1

 
(2
)
 
7

 
(1
)
 
13

Interest capitalized

 

 

 

 

 

Total earnings
$
802

 
$
1,420

 
$
760

 
$
514

 
$
305

 
$
165

 
 
 
 
 
 
 
 
 
 
 
 
Fixed Charges:
 
 
 
 
 
 
 
 
 
 
 
Interest expensed and capitalized
$
124

 
$
217

 
$
43

 
$
35

 
$
27

 
$
20

Interest component of rental payments (1)
29

 
45

 
22

 
15

 
10

 
9

Total fixed charges
$
153

 
$
262

 
$
65


$
50

 
$
37

 
$
29

 
 
 
 
 
 
 
 
 
 
 
 
Ratio of earnings to fixed charges
5.2

 
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.