EX-12.1 2 c63534exv12w1.htm EX-12.1 exv12w1
EXHIBIT 12.1
EXPRESS SCRIPTS, INC.
Calculation of Ratio of Earnings to Fixed Charges
(Dollar amounts in millions)
                 
    Three Months Ended  
    March 31,  
    2011     2010  
Income from continuing operations before income taxes
  $ 513.1     $ 413.6  
Add:
               
Interest expense
    39.7       42.8  
Estimated interest component of rental expense
    2.3       3.1  
Income as adjusted
  $ 555.1     $ 459.5  
Fixed charges:
               
Interest expense
    39.7       42.8  
Estimated interest component of rental expense
    2.3       3.1  
Total fixed charges
  $ 42.0     $ 45.9  
 
Ratio of Earnings to Fixed Charges
    13.2       10.0  
Note: Interest component of rental expense estimated to be 1/3 of rental expense, which management believes represents a reasonable approximation of the interest factor.