Attached files
| file | filename |
|---|---|
| EX-32.1 - EXHIBIT 32.1 - SELECT MEDICAL HOLDINGS CORP | sem-12311710kex321.htm |
| EX-31.2 - EXHIBIT 31.2 - SELECT MEDICAL HOLDINGS CORP | sem-12311710kex312.htm |
| EX-31.1 - EXHIBIT 31.1 - SELECT MEDICAL HOLDINGS CORP | sem-12311710kex311.htm |
| EX-23 - EXHIBIT 23 - SELECT MEDICAL HOLDINGS CORP | sem-12311710kex23.htm |
| EX-21.1 - EXHIBIT 21.1 - SELECT MEDICAL HOLDINGS CORP | sem-12311710kex211.htm |
| 10-K - 10-K - SELECT MEDICAL HOLDINGS CORP | sem-12311710k.htm |
Exhibit 12
Select Medical Holdings Corporation
Ratio of Earnings to Fixed Charges
(unaudited)
For the Year Ended December 31, | ||||||||||||||||||||
2013 | 2014 | 2015 | 2016 | 2017 | ||||||||||||||||
Pre-tax income from operations before adjustments for non-controlling interests in consolidated subsidiaries or earnings (loss) from equity investees | $ | 195,325 | $ | 196,753 | $ | 191,621 | $ | 160,791 | $ | 181,407 | ||||||||||
Fixed charges: | ||||||||||||||||||||
Interest expense and amortization of debt discount and premium on all indebtedness | 87,364 | 85,446 | 112,816 | 170,081 | 154,703 | |||||||||||||||
Capitalized interest | 242 | 381 | 2,434 | 2,938 | 3,288 | |||||||||||||||
Rentals: | ||||||||||||||||||||
Buildings - 33% (A) | 40,815 | 42,460 | 55,428 | 74,436 | 75,920 | |||||||||||||||
Office and other equipment - 33% (A) | 13,513 | 13,341 | 14,832 | 13,045 | 12,324 | |||||||||||||||
Total fixed charges | $ | 141,934 | $ | 141,628 | $ | 185,510 | $ | 260,500 | $ | 246,235 | ||||||||||
Pre-tax income from operations before adjustment for non-controlling interests in consolidated subsidiaries or earnings (loss) from equity investees plus fixed charges, less preferred stock dividend requirements of consolidated subsidiaries less capitalized interest | $ | 337,017 | $ | 338,000 | $ | 374,697 | $ | 418,353 | $ | 424,354 | ||||||||||
Ratio of earnings to fixed charges | 2.37 | 2.39 | 2.02 | 1.61 | 1.72 | |||||||||||||||
(A) | The Company uses 33% to estimate the interest on its rentals. This percentage is a reasonable approximation of the interest factor. |