EX-12.1 9 c61623exv12w1.htm EX-12.1 exv12w1
EXHIBIT 12.1
EURONET WORLDWIDE, INC.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Unaudited)
                         
    Year Ended December 31,  
(dollar amounts in thousands)   2010     2009     2008  
Pretax income (loss) from continuing operations before adjustment for income from unconsolidated affiliates
   $ (16,479 )   $ 55,239     $ (201,917 )
Add:
                        
Fixed charges
     26,416       30,174       40,709  
Dividends received
     —       474       222  
Less:
                        
Capitalized interest
     —       —       (189 )
 
                  
 
                        
Adjusted pretax income (loss)
   $ 9,937     $ 85,887     $ (161,175 )
 
                  
 
                        
Fixed charges:
                        
Interest expense
   $ 20,447     $ 25,716     $ 36,351  
Estimate of interest within rental expense
     5,969       4,458       4,169  
Capitalized interest
     —       —       189  
 
                  
 
                        
Total fixed charges
   $ 26,416     $ 30,174     $ 40,709  
 
                  
 
                        
Ratio of earnings to fixed charges
     (A)     2.8       (B)
 
(A)   Adjusted pretax income was inadequate to cover fixed charges by $16.5 million in 2010.
 
(B)   Adjusted pretax loss was inadequate to cover fixed charges by $201.9 million in 2008.