EX-12.1 3 qhc-ex121_10.htm EX-12.1 qhc-ex121_10.htm

Exhibit 12.1

STATEMENT OF COMPUTATION OF EARNINGS TO FIXED CHARGES
(Dollars in Thousands)

 

 

Year ended December 31,

 

 

2017

 

 

2016

 

 

2015

 

 

2014

 

 

2013

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income (loss) before income taxes

$

 

(134,222

)

 

$

 

(399,072

)

 

$

 

8,039

 

 

$

 

12,932

 

 

$

 

(37,447

)

Interest and amortization of deferred financing costs

 

 

122,077

 

 

 

 

113,440

 

 

 

 

98,290

 

 

 

 

92,926

 

 

 

 

99,465

 

Implicit rental interest expense

 

 

12,558

 

 

 

 

12,471

 

 

 

 

12,182

 

 

 

 

12,080

 

 

 

 

10,773

 

Total earnings

$

 

413

 

 

$

 

(273,161

)

 

$

 

118,511

 

 

$

 

117,938

 

 

$

 

72,791

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fixed Charges

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest and amortization of deferred financing costs

$

 

122,077

 

 

$

 

113,440

 

 

$

 

98,290

 

 

$

 

92,926

 

 

$

 

99,465

 

Capitalized interest

 

 

3,422

 

 

 

 

2,405

 

 

 

 

500

 

 

 

 

710

 

 

 

 

861

 

Implicit rental interest expense

 

 

12,558

 

 

 

 

12,471

 

 

 

 

12,182

 

 

 

 

12,080

 

 

 

 

10,773

 

Total fixed charges

$

 

138,057

 

 

$

 

128,316

 

 

$

 

110,972

 

 

$

 

105,716

 

 

$

 

111,099

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ratio of earnings to fixed charges

 

 

0.00

 

x

 

*

 

 

 

 

1.07

 

x

 

 

1.12

 

x

 

 

0.66

 

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