EX-12.1 6 qhc-ex121_581.htm EX-12.1 qhc-ex121_581.htm

Exhibit 12.1

STATEMENT RE: COMPUTATION OF EARNINGS TO FIXED CHARGES
(DOLLARS IN THOUSANDS)

 

 

Year ended December 31,

 

2016

 

 

2015

 

 

2014

 

 

2013

 

 

2012

 

 

Earnings

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Add:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income (loss) before income taxes

$

 

(399,072

)

 

$

 

8,039

 

 

$

 

12,932

 

 

$

 

(37,447

)

 

$

 

(12,917

)

 

Interest and amortization of deferred financing costs

 

 

113,440

 

 

 

 

98,290

 

 

 

 

92,926

 

 

 

 

99,465

 

 

 

 

97,942

 

 

Implicit rental interest expense

 

 

12,471

 

 

 

 

12,182

 

 

 

 

12,080

 

 

 

 

10,773

 

 

 

 

9,947

 

 

Total earnings

$

 

(273,161

)

 

$

 

118,511

 

 

$

 

117,938

 

 

$

 

72,791

 

 

$

 

94,972

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fixed Charges

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest and amortization of deferred financing costs

 

 

113,440

 

 

 

 

98,290

 

 

 

 

92,926

 

 

 

 

99,465

 

 

 

 

97,942

 

 

Capitalized interest

 

 

2,405

 

 

 

 

500

 

 

 

 

710

 

 

 

 

861

 

 

 

 

595

 

 

Implicit rental interest expense

 

 

12,471

 

 

 

 

12,182

 

 

 

 

12,080

 

 

 

 

10,773

 

 

 

 

9,947

 

 

Total fixed charges

 

 

128,316

 

 

 

 

110,972

 

 

 

 

105,716

 

 

 

 

111,099

 

 

 

 

108,484

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ratio of earnings to fixed charges

 

*

 

 

 

 

1.07

 

x

 

 

1.12

 

x

 

 

0.66

 

x

 

 

0.88

 

x

* For the year ended December 31, 2016, earnings were insufficient to cover fixed charges by approximately $401.4 million.