EX-12.1 3 eeft9302018ex121.htm EXHIBIT 12.1 Exhibit
EXHIBIT 12.1
EURONET WORLDWIDE, INC.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Unaudited)


 
 
Three Months Ended
September 30,
 
Nine Months Ended
September 30,
(dollar amounts in thousands)
 
2018
 
2017
 
2018
 
2017
Pretax income before adjustment for loss from unconsolidated subsidiaries
 
$
137,194

 
$
115,926

 
$
237,384

 
$
222,899

Add:
 
 
 
 
 
 
 
 
Fixed charges
 
14,938

 
12,582

 
38,742

 
32,816

Adjusted pretax income
 
$
152,132

 
$
128,508

 
$
276,126

 
$
255,715

Fixed charges:
 
 
 
 
 
 
 
 
Interest expense
 
$
11,269

 
$
9,534

 
$
28,936

 
$
25,058

Estimate of interest within rental expense
 
3,669

 
3,048

 
9,806

 
7,758

Total fixed charges
 
$
14,938

 
$
12,582

 
$
38,742

 
$
32,816

Ratio of earnings to fixed charges
 
10.2

 
10.2

 
7.1

 
7.8