EX-12.1 3 0003.txt STATEMENT OF RATIOS OF EARNINGS TO FIXED CHARGES EXPRESS SCRIPTS, INC. STATEMENT OF RATIOS OF EARNINGS TO FIXED CHARGES YEARS ENDED DECEMBER 31, 2000, 1999, 1998, 1997, AND 1996
Year Ended December 31, -------------------------------------------------------------------------- (in thousands) 2000 1999 1998 1997 1996 ------------ ------------ ------------ ------------ ------------ Fixed charges: Interest expense (1) $ 47,903 $ 60,010 $ 20,230 $ 225 $ 59 Interest portion of rental expense 4,014 3,716 1,292 757 700 ------------ ------------ ------------ ------------ ------------ Total fixed charges 51,917 63,726 21,522 982 759 Earnings: Income before income taxes and extraordinary items (2) (4,468) 265,466 76,240 54,706 43,080 ------------ ------------ ------------ ------------ ------------ Total adjusted earnings $ 47,449 $ 329,192 $ 97,762 $ 55,688 $ 43,839 ============ ============ ============ ============ ============ Ratio of earnings to fixed charges 0.91 5.17 4.54 56.71 57.76 ============ ============ ============ ============ ============ (1) Interest expense includes the amortization on our deferred financing fees. (2) Income before income taxes and extraordinary items includes a non-cash write-off of our investment in marketable securities, non-recurring charges and a one-time gain on sale of assets.