EX-12.1 6 moh-12312013x10kex121.htm EX-12.1 MOH-12.31.2013-10K Ex12.1

EXHIBIT 12.1




Molina Healthcare, Inc.

Computation of Ratio of Earnings to Fixed Charges

 
Year Ended December 31,
 
2013
 
2012
 
2011
 
2010
 
2009
 
(Dollars in Thousands)
Earnings:
 
 
 
 
 
 
 
 
 
Income before income taxes, continuing operations
$
81,146

 
$
23,379

 
$
120,302

 
$
81,128

 
$
25,152

Add fixed charges:
 
 
 
 
 
 
 
 
 
Interest expense, including amortization of debt discount and expense
52,071

 
16,769

 
15,519

 
15,509

 
13,777

Estimated interest portion of rental expense
3,922

 
2,865

 
2,542

 
4,522

 
5,181

Total fixed charges
55,993

 
19,634

 
18,061

 
20,031

 
18,958

Total earnings available for fixed charges
$
137,139

 
$
43,013

 
$
138,363

 
$
101,159

 
$
44,110

 
 
 
 
 
 
 
 
 
 
Fixed charges from above:
$
55,993

 
$
19,634

 
$
18,061

 
$
20,031

 
$
18,958

 
 
 
 
 
 
 
 
 
 
Ratio of Earnings to Fixed Charges
2.4

 
2.2

 
7.7

 
5.1

 
2.3

 
 
 
 
 
 
 
 
 
 
Total rent expense
$
24,510

 
$
20,462

 
$
23,110

 
$
25,124

 
$
20,723

Interest factor
16
%
 
14
%
 
11
%
 
18
%
 
25
%
Interest component of rental expense
$
3,922

 
$
2,865

 
$
2,542

 
$
4,522

 
$
5,181