EX-12.1 6 y49917exv12w1.htm EX-12.1: CONSOLIDATED RATIOS OF EARNINGS TO FIXED CHARGES EX-12.1
 

Exhibit 12.1
MEDCO HEALTH SOLUTIONS, INC.
Computation of Ratios of Earnings to Fixed Charges
(In millions, except ratio data)
                                         
    Years Ended
    Dec. 29,   Dec. 30,   Dec. 31,   Dec. 25,   Dec. 27,
    2007   2006   2005   2004   2003
     
Income before taxes
   $ 1,503.3     $ 1,011.8     $ 952.9     $ 806.3     $ 728.7  
One-third of rents
     20.6       20.0       18.1       16.9       20.2  
Interest expense
     134.2       95.8       73.9       69.1       29.3  
Equity loss from affiliates
     1.2       2.0       3.6       5.0       5.8  
     
Earnings
   $ 1,659.3     $ 1,129.6     $ 1,048.5     $ 897.3     $ 784.0  
     
One-third of rents
   $ 20.6     $ 20.0     $ 18.1     $ 16.9     $ 20.2  
Interest expense
     134.2       95.8       73.9       69.1       29.3  
     
Fixed charges
   $ 154.8     $ 115.8     $ 92.0     $ 86.0     $ 49.5  
     
Ratio of earnings to fixed charges(1)
     10.7       9.8       11.4       10.4       15.8  
     
 
(1)   The ratio was calculated by dividing the sum of the fixed charges into the sum of the earnings and fixed charges. In calculating this ratio, earnings include income before income taxes and fixed charges. Fixed charges include interest expense and one-third of all rent expense (considered representative of the interest factor).