EX-12.1 5 mdrx-ex121_6.htm EX-12.1 mdrx-ex121_6.htm

Exhibit 12.1

RATIO OF EARNINGS TO FIXED CHARGES

 

  

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended December 31,

 

(In thousands)

 

2016

 

 

2015

 

 

2014

 

 

2013

 

 

2012

 

Income (loss) before income taxes

 

$

(14,784

)

 

$

570

 

 

$

(68,117

)

 

$

(148,346

)

 

$

(17,460

)

Plus fixed charges:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest expense

 

 

46,376

 

 

 

16,284

 

 

 

16,020

 

 

 

14,703

 

 

 

11,121

 

Amortization of discounts and debt issuance costs

 

 

16,541

 

 

 

13,679

 

 

 

13,277

 

 

 

9,451

 

 

 

5,066

 

Write off of unamortized deferred debt issuance costs

 

 

5,224

 

 

 

1,433

 

 

 

0

 

 

 

3,901

 

 

 

0

 

Portion of rents representative of an appropriate

   interest factor

 

 

8,240

 

 

 

6,049

 

 

 

5,414

 

 

 

5,682

 

 

 

6,175

 

Total fixed charges (1)

 

$

76,381

 

 

$

37,445

 

 

$

34,711

 

 

$

33,737

 

 

$

22,362

 

Adjusted earnings (2)

 

$

61,597

 

 

$

38,015

 

 

$

(33,406

)

 

$

(114,609

)

 

$

4,902

 

Ratio (2 divided by 1)

 

 

0.8

 

 

 

1.0

 

 

 

(1.0

)

 

 

(3.4

)

 

 

0.2

 

Fixed charges deficiency

 

$

14,784

 

 

$

0

 

 

$

68,117

 

 

$

148,346

 

 

$

17,460