EX-12.1 2 c21158exv12w1.htm COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES 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)   2007     2006     2007     2006  
Pretax income from continuing operations before adjustment for minority interest or income from unconsolidated subsidiaries
   $ 23,163     $ 13,976     $ 49,669     $ 41,557  
Add:
                                
Fixed charges
     8,308       4,275       21,044       12,509  
 
                        
 
                                
Adjusted pretax income
   $ 31,471     $ 18,251     $ 70,713     $ 54,066  
 
                        
 
                                
Fixed charges:
                                
Interest expense
   $ 7,474     $ 3,802     $ 18,837     $ 11,055  
Estimate of interest within rental expense
     834       473       2,207       1,454  
 
                        
 
                                
Total fixed charges
   $ 8,308     $ 4,275     $ 21,044     $ 12,509  
 
                        
 
                                
Ratio of earnings to fixed charges
     3.8       4.3       3.4       4.3