EX-12.1 2 c52809exv12w1.htm EX-12.1 exv12w1
EXHIBIT 12.1
EURONET WORLDWIDE, INC.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Unaudited)
                                 
    Three Months Ended     Six Months Ended  
    June 30,     June 30,  
(dollar amounts in thousands)   2009     2008     2009     2008  
Pretax income from continuing operations before adjustment for income from unconsolidated subsidiaries
   $ 21,756     $ 8,525     $ 14,662     $ 11,096  
Add:
                                
Fixed charges
     7,950       10,292       16,229       21,220  
Dividends received
     474       262       474       262  
 
                        
 
                                
Adjusted pretax income
   $ 30,180     $ 19,079     $ 31,365     $ 32,578  
 
                        
 
                                
Fixed charges:
                                
Interest expense
   $ 6,653     $ 9,138     $ 13,720     $ 19,026  
Estimate of interest within rental expense
     1,297       1,154       2,509       2,194  
 
                        
 
                                
Total fixed charges
   $ 7,950     $ 10,292     $ 16,229     $ 21,220  
 
                        
 
                                
Ratio of earnings to fixed charges
     3.8       1.9       1.9       1.5