EX-12.1 6 moh-12312015x10kex121.htm EXHIBIT 12.1 Exhibit

EXHIBIT 12.1


Molina Healthcare, Inc.

Computation of Ratio of Earnings to Fixed Charges

 
Year Ended December 31,
 
2015
 
2014
 
2013
 
2012
 
2011
 
(Dollars in Millions)
Earnings:
 
 
 
 
 
 
 
 
 
Income before income taxes, continuing operations
$
322

 
$
135

 
$
81

 
$
23

 
$
120

Add fixed charges:
 
 
 
 
 
 
 
 
 
Interest expense, including amortization of debt discount and expense
66

 
57

 
52

 
17

 
16

Estimated interest portion of rental expense
8

 
5

 
4

 
3

 
2

Total fixed charges
74

 
62

 
56

 
20

 
18

Total earnings available for fixed charges
$
396

 
$
197

 
$
137

 
$
43

 
$
138

 
 
 
 
 
 
 
 
 
 
Fixed charges from above:
$
74

 
$
62

 
$
56

 
$
20

 
$
18

 
 
 
 
 
 
 
 
 
 
Ratio of Earnings to Fixed Charges
5.4

 
3.2

 
2.4

 
2.2

 
7.7

 
 
 
 
 
 
 
 
 
 
Total rent expense
$
44

 
$
32

 
$
25

 
$
20

 
$
23

Interest factor
18
%
 
16
%
 
16
%
 
14
%
 
11
%
Interest component of rental expense
$
8

 
$
5

 
$
4

 
$
3

 
$
2