Attached files
| file | filename |
|---|---|
| EX-21 - EXHIBIT 21 - COVENTRY HEALTH CARE INC | exhibit21_12312009.htm |
| EX-32 - EXHIBIT 32 - COVENTRY HEALTH CARE INC | exhibit32_12312009.htm |
| EX-23 - EXHIBIT 23 - COVENTRY HEALTH CARE INC | exhibit23_12312009.htm |
| EX-31.1 - EXHIBIT 31.1 - COVENTRY HEALTH CARE INC | exhibit311_12312009.htm |
| EX-10.15 - EXHIBIT 10.15 - COVENTRY HEALTH CARE INC | exhibit1015_12312009.htm |
| EX-31.2 - EXHIBIT 31.2 - COVENTRY HEALTH CARE INC | exhibit312_12312009.htm |
| 10-K - FORM 10K - COVENTRY HEALTH CARE INC | form10k_12312009.htm |
|
Exhibit
12
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Computation
of Ratio of Earnings to Fixed Charges
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(Dollars
in thousands)
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For
the year ended December 31,
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2009
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2008
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2007
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2006
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2005
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Continuing
operations earnings before income taxes (1)
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$ 504,554
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$ 571,861
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$ 963,212
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$ 883,021
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$ 772,486
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Fixed
charges
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96,300
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108,484
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91,607
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59,347
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65,537
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Earnings
before income taxes and fixed charges
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$ 600,854
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$ 680,345
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$ 1,054,819
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$ 942,368
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$ 838,023
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Fixed
charges:
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Interest
expense
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$ 84,875
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$ 96,386
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$ 82,217
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$ 52,446
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$ 58,414
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Portion
of rental expense representative of interest factor (2)
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11,425
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12,098
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9,390
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6,901
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7,123
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Total fixed charges
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$ 96,300
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$ 108,484
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$ 91,607
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$ 59,347
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$ 65,537
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Ratio
of earnings to fixed charges
|
6.2
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6.3
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11.5
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15.9
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12.8
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(1)
The ratios for 2008-2005 have been adjusted to reflect the discontinued
operations of
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First
Health Services Corp. as discussed in Note (D) to the financial statements
of CHC
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included
in Item 8, "Financial Statements and Supplementary Data."
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(2)
One-third of net rent expense is the portion deemed representative of the
interest factor.
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