EX-12.1 2 c48901exv12w1.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)   2008     2007     2006  
Pretax income (loss) from continuing operations before adjustment for minority interest or income from unconsolidated subsidiaries
   $ (185,983 )   $ 81,428     $ 59,984  
Add:
                        
Fixed charges
     28,896       30,362       16,601  
Dividends received
     222       1,760       —  
Less:
                        
Capitalized interest
     (189 )     (339 )     —  
 
                  
 
                        
Adjusted pretax income (loss)
   $ (157,054 )   $ 113,211     $ 76,585  
 
                  
 
                        
Fixed charges:
                        
Interest expense
   $ 24,538     $ 26,126     $ 14,719  
Estimate of interest within rental expense
     4,169       3,897       1,882  
Capitalized interest
     189       339       —  
 
                  
 
                        
Total fixed charges
   $ 28,896     $ 30,362     $ 16,601  
 
                  
 
                        
Ratio of earnings to fixed charges
     (1 )     3.7       4.6  
 
(1)   Adjusted pretax loss was inadequate to cover fixed charges by $186.0 million in 2008.

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