EX-12.1 2 c47547exv12w1.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  
    Septemer 30,     September 30,  
(dollar amounts in thousands)   2008     2007     2008     2007  
Pretax income from continuing operations before adjustment for minority interest or income (loss) from unconsolidated subsidiaries
   $ 334     $ 22,330     $ 17,563     $ 48,379  
Add:
                                
Fixed charges
     7,312       8,295       22,399       20,969  
Dividends received
     —       —       222       1,270  
 
                        
 
                                
Adjusted pretax income
   $ 7,646     $ 30,625     $ 40,184     $ 70,618  
 
                        
 
                                
Fixed charges:
                                
Interest expense
   $ 6,089     $ 7,461     $ 18,982     $ 18,762  
Estimate of interest within rental expense
     1,223       834       3,417       2,207  
 
                        
 
                                
Total fixed charges
   $ 7,312     $ 8,295     $ 22,399     $ 20,969  
 
                        
 
                                
Ratio of earnings to fixed charges
     1.0       3.7       1.8       3.4