EX-12.1 3 wcg-ex121_20171231.htm RATIO OF EARNINGS TO FIXED CHARGES Exhibit


Exhibit 12.1


WellCare Health Plans, Inc.
 
 
 
 
 
 
 
 
 
 
Ratio of Earnings to Fixed Charges (Unaudited)
 
 
 
 
 
 
 
 
(Dollars in thousands)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
For the Year Ending December 31,
 
 
2013
 
2014
 
2015
 
2016
 
2017
Income before income taxes
 
$
278,300

 
$
177,800

 
$
336,100

 
$
529,500

 
$
461,600

 
 
 
 
 
 
 
 
 
 
 
Fixed charges:
 
 
 
 
 
 
 
 
 
 
Interest expense
 
11,900

 
39,400

 
54,200

 
59,100

 
68,500

Estimated interest on operating leases
 
1,788

 
2,078

 
2,900

 
3,200

 
4,100

Total fixed charges
 
13,688

 
41,478

 
57,100

 
62,300

 
72,600

 
 
 
 
 
 
 
 
 
 
 
Earnings:
 
 
 
 
 
 
 
 
 
 
Income before income taxes
 
278,300

 
177,800

 
336,100

 
529,500

 
461,600

Fixed charges
 
13,688

 
41,478

 
57,100

 
62,300

 
72,600

Total earnings
 
$
291,988

 
$
219,278

 
$
393,200

 
$
591,800

 
$
534,200

Ratio of earnings to fixed charges
 
21.33

 
5.29

 
6.89

 
9.50

 
7.36