EX-12.1 2 c54490exv12w1.htm EX-12.1 exv12w1
EXHIBIT 12.1
EURONET WORLDWIDE, INC.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Unaudited)
                                 
    Three Months Ended     Nine Months Ended  
    September 30,     September 30,  
(dollar amounts in thousands)   2009     2008     2009     2008  
Pretax income (loss) from continuing operations before adjustment for income from unconsolidated subsidiaries
   $ 26,204     $ (6,189 )   $ 40,866     $ 4,907  
Add:
                                
Fixed charges
     7,404       10,482       23,633       31,702  
Dividends received
     —       —       474       222  
 
                        
 
                                
Adjusted pretax income
   $ 33,608     $ 4,293     $ 64,973     $ 36,831  
 
                        
 
                                
Fixed charges:
                                
Interest expense
   $ 6,042     $ 9,259     $ 19,762     $ 28,285  
Estimate of interest within rental expense
     1,362       1,223       3,871       3,417  
 
                        
 
                                
Total fixed charges
   $ 7,404     $ 10,482     $ 23,633     $ 31,702  
 
                        
 
                                
Ratio of earnings to fixed charges
     4.5       —  (1)     2.7       1.2  
 
(1)   Adjusted pretax income was inadequate to cover fixed charges by $6.2 million for the three months ended September 30, 2008.