EX-12.1 4 c23775exv12w1.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)
                         
    Year Ended December 31,  
(dollar amounts in thousands)   2007     2006     2005  
Pretax income from continuing operations before adjustment for minority interest or income from unconsolidated subsidiaries
   $ 82,348     $ 61,023     $ 37,272  
Add:
                        
Fixed charges
     30,549       16,718       9,885  
Dividends received
     1,760               336  
Less:
                        
Capitalized interest
     (339 )     —       —  
 
                  
 
                        
Adjusted pretax income
   $ 114,318     $ 77,741     $ 47,493  
 
                  
 
                        
Fixed charges:
                        
Interest expense
   $ 26,213     $ 14,747     $ 8,459  
Estimate of interest within rental expense
     3,997       1,971       1,426  
Capitalized interest
     339       —       —  
 
                  
 
                        
Total fixed charges
   $ 30,549     $ 16,718     $ 9,885  
 
                  
 
                        
Ratio of earnings to fixed charges
     3.7       4.7       4.8  

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