EX-12.1 2 eeft12312011ex121.htm RATIO OF EARNINGS TO FIXED CHARGES EEFT 12/31/2011 EX12.1


Exhibit 12.1
EURONET WORLDWIDE, INC.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Unaudited)

 
 
Year Ended December 31,
(dollar amounts in thousands)
 
2011
 
2010
 
2009
Pretax income before adjustment for income from unconsolidated subsidiaries
 
$
60,940

 
$
(16,479
)
 
$
55,239

Add:
 
 
 
 
 
 
Fixed charges
 
29,349

 
26,416

 
30,174

  Dividends received
 
118

 
—

 
474

Adjusted pretax income
 
$
90,407

 
$
9,937

 
$
85,887

Fixed charges:
 
 
 
 
 
 
Interest expense
 
$
21,385

 
$
20,447

 
$
25,716

Estimate of interest within rental expense
 
7,964

 
5,969

 
4,458

Total fixed charges
 
$
29,349

 
$
26,416

 
$
30,174

Ratio of earnings to fixed charges
 
3.1

 
(A)

 
2.8

_______________________
(A) Adjusted pretax income was inadequate to cover fixed charges by $16.5 million in 2010.