EX-12.1 4 a12-27444_1ex12d1.htm EX-12.1

Exhibit 12.1

 

AmerisourceBergen Corporation

Computation of Ratio of Earnings to Fixed Charges

 

 

 

Fiscal Year Ended September 30,

 

(in thousands, except ratios)

 

2008

 

2009

 

2010

 

2011

 

2012

 

Determination of Earnings:

 

 

 

 

 

 

 

 

 

 

 

Income from continuing operations before income taxes

 

$

742,564

 

$

813,845

 

$

1,016,162

 

$

1,114,734

 

$

1,163,131

 

Add:

 

 

 

 

 

 

 

 

 

 

 

Loss on equity investments

 

—

 

1,109

 

700

 

607

 

380

 

Fixed charges (excluding capitalized interest)

 

83,026

 

72,345

 

83,957

 

86,865

 

107,014

 

Amortization of capitalized interest

 

1,014

 

1,024

 

1,098

 

1,193

 

1,443

 

Total earnings available for fixed charges

 

$

826,604

 

$

888,323

 

$

1,101,917

 

$

1,203,399

 

$

1,271,968

 

 

 

 

 

 

 

 

 

 

 

 

 

Fixed Charges

 

 

 

 

 

 

 

 

 

 

 

Interest expense

 

$

72,916

 

$

62,937

 

$

74,704

 

$

78,870

 

$

97,224

 

Capitalized interest

 

748

 

2,984

 

6,618

 

3,367

 

504

 

Estimated interest portion of rent expense

 

10,110

 

9,408

 

9,253

 

7,995

 

9,790

 

Total fixed charges

 

$

83,774

 

$

75,329

 

$

90,575

 

$

90,232

 

$

107,518

 

 

 

 

 

 

 

 

 

 

 

 

 

Ratio of Earnings to fixed charges

 

9.87

 

11.79

 

12.17

 

13.34

 

11.83