EX-12.1 2 eeft9302012ex121.htm RATIO OF EARNINGS TO FIX CHARGES EEFT 9/30/2012 EX12.1


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)
 
2012
 
2011
 
2012
 
2011
Pretax income before adjustment for income from unconsolidated subsidiaries
 
$
20,983

 
$
2,934

 
$
49,751

 
$
44,969

Add:
 
 
 
 
 
 
 
 
Fixed charges
 
7,961

 
6,588

 
23,485

 
19,677

  Dividends received
 
—

 
—

 
2,021

 
118

Adjusted pretax income
 
$
28,944

 
$
9,522

 
$
75,257

 
$
64,764

Fixed charges:
 
 
 
 
 
 
 
 
Interest expense
 
$
5,483

 
$
5,180

 
$
16,542

 
$
15,686

Estimate of interest within rental expense
 
2,478

 
1,408

 
6,943

 
3,991

Total fixed charges
 
$
7,961

 
$
6,588

 
$
23,485

 
$
19,677

Ratio of earnings to fixed charges
 
3.6

 
1.4

 
3.2

 
3.3