EX-12.1 3 c08682exv12w1.htm EXHIBIT 12.1 Exhibit 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. 25,     Dec. 26,     Dec. 27,     Dec. 29,     Dec. 30,  
    2010     2009     2008     2007     2006  
Income before taxes
   $ 2,334.2     $ 2,103.3     $ 1,790.8     $ 1,503.3     $ 1,011.8  
One-third of rents
     30.1       25.1       24.8       20.6       20.0  
Interest expense
     172.5       172.5       233.7       134.2       95.8  
Equity loss from affiliates
     5.0       1.2       1.1       1.2       2.0  
 
                              
Earnings
   $ 2,541.8     $ 2,302.1     $ 2,050.4     $ 1,659.3     $ 1,129.6  
 
                              
One-third of rents
   $ 30.1     $ 25.1     $ 24.8     $ 20.6     $ 20.0  
Interest expense
     172.5       172.5       233.7       134.2       95.8  
 
                              
Fixed charges
   $ 202.6     $ 197.6     $ 258.5     $ 154.8     $ 115.8  
 
                              
Ratio of earnings to fixed charges(1)
     12.5       11.7       7.9       10.7       9.8  
 
                              
     
(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 a reasonable representation of the interest factor).