Attached files
| file | filename |
|---|---|
| EX-32.2 - CERTIFICATION - CENTENE CORP | exhibit322q42017.htm |
| EX-32.1 - CERTIFICATION - CENTENE CORP | exhibit321q42017.htm |
| EX-31.2 - CERTIFICATION - CENTENE CORP | exhibit312q42017.htm |
| EX-31.1 - CERTIFICATION - CENTENE CORP | exhibit311q42017.htm |
| EX-23 - CONSENT - CENTENE CORP | exhibit23q42017.htm |
| EX-21 - LIST OF SUBSIDIARIES - CENTENE CORP | exhibit21q42017.htm |
| EX-10.24A - CREDIT AGREEMENT - CENTENE CORP | exhibit1024aq42017.htm |
| EX-10.6 - DEFERRED COMPENSATION PLAN - CENTENE CORP | exhibit106q42017.htm |
| 10-K - FORM 10-K - CENTENE CORP | form10-k.htm |
Exhibit 12.1
Centene Corporation
Computation of ratio of earnings to fixed charges
($ in millions)
Year Ended December 31, | |||||||||||||||||||
2017 | 2016 | 2015 | 2014 | 2013 | |||||||||||||||
Earnings: | |||||||||||||||||||
Pre-tax earnings from continuing operations | $ | 1,134 | $ | 1,157 | $ | 697 | $ | 457 | $ | 269 | |||||||||
Addback: | |||||||||||||||||||
Fixed charges | 311 | 262 | 65 | 50 | 37 | ||||||||||||||
Add (Subtract): | |||||||||||||||||||
Noncontrolling interest | 20 | 1 | (2 | ) | 7 | (1 | ) | ||||||||||||
Total earnings | $ | 1,465 | $ | 1,420 | $ | 760 | $ | 514 | $ | 305 | |||||||||
Fixed Charges: | |||||||||||||||||||
Interest expense | $ | 255 | $ | 217 | $ | 43 | $ | 35 | $ | 27 | |||||||||
Interest component of rental payments (1) | 56 | 45 | 22 | 15 | 10 | ||||||||||||||
Total fixed charges | $ | 311 | $ | 262 | $ | 65 | $ | 50 | $ | 37 | |||||||||
Ratio of earnings to fixed charges | 4.7 | 5.4 | 11.7 | 10.3 | 8.2 | ||||||||||||||
(1) Estimated at 33% of rental expense as a reasonable approximation of the interest factor. | |||||||||||||||||||