EX-12.1 8 d267577dex121.htm EX-12.1 EX-12.1

Exhibit 12.1

Molina Healthcare, Inc.

Computation of Ratio of Earnings to Fixed Charges

 

September 30, September 30, September 30, September 30, September 30,
       Year Ended December 31, 2011  
       2011     2010     2009     2008     2007  
       (Dollars in thousands)  

Earnings:

            

Income before income taxes

     $ 64,654     $ 89,492     $ 38,157     $ 94,324     $ 92,722  

Add fixed charges:

            

Interest expense, including amortization of debt discount and expense

       15,519       15,509       13,777       13,231       5,605  

Estimated interest portion of rental expense

       2,542       4,524       5,181       4,370       3,988  
    

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Total fixed charges

       18,061        20,033       18,958       17,601       9,593  
    

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Total earnings available for fixed charges

     $ 82,715      $ 109,525     $ 57,115     $ 111,925     $ 102,315  
    

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Fixed charges from above:

     $ 18,061      $ 20,033     $ 18,958     $ 17,601     $ 9,593  
    

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Ratio of Earnings to Fixed Charges

       4.6        5.6       3.0       6.4       10.7  
    

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Total rent expense

     $ 23,110      $ 25,134     $ 20,723     $ 17,481     $ 18,127  

Interest factor

       11     18     25     25     22
    

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Interest component of rental expense

     $ 2,542      $ 4,524     $ 5,181     $ 4,370     $ 3,988