EX-12.1 3 dex121.txt COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES EXHIBIT 12.1 Universal Health Services, Inc. and Subsidiaries Computation of Ratio of Earnings to Fixed Charges (Dollar amounts in thousands)
For the Twelve Months Ended December 31, -------------------------------------------------- 1996 1997 1998 1999 2000 -------------------------------------------------- Earnings: Income before minority interests and income taxes $ 78,857 $106,174 $132,095 $129,034 $159,789 Fixed charges 34,974 34,961 45,357 45,486 49,386 Amortization of capitalized interest ---- 28 110 110 110 -------------------------------------------------- $113,831 $141,163 $177,562 $174,630 $209,285 ================================================== Fixed charges: Interest expense, including capitalized interest $ 22,231 $ 21,782 $ 29,717 $ 29,123 $ 32,741 Interest portion of lease/rental expense 11,658 11,927 14,592 15,388 15,391 Amortization of debt issuance costs 1,085 1,252 1,048 975 1,254 -------------------------------------------------- $ 34,974 $ 34,961 $ 45,357 $ 45,486 $ 49,386 ================================================== Fixed charge coverage ratio 3.3 4.0 3.9 3.8 4.2