Attached files
| file | filename |
|---|---|
| 10-K - FORM 10-K - VANGUARD HEALTH SYSTEMS INC | c05431e10vk.htm |
| EX-10.29 - EXHIBIT 10.29 - VANGUARD HEALTH SYSTEMS INC | c05431exv10w29.htm |
| EX-10.28 - EXHIBIT 10.28 - VANGUARD HEALTH SYSTEMS INC | c05431exv10w28.htm |
| EX-31.2 - EXHIBIT 31.2 - VANGUARD HEALTH SYSTEMS INC | c05431exv31w2.htm |
| EX-21.1 - EXHIBIT 21.1 - VANGUARD HEALTH SYSTEMS INC | c05431exv21w1.htm |
| EX-32.1 - EXHIBIT 32.1 - VANGUARD HEALTH SYSTEMS INC | c05431exv32w1.htm |
| EX-31.1 - EXHIBIT 31.1 - VANGUARD HEALTH SYSTEMS INC | c05431exv31w1.htm |
| EX-32.2 - EXHIBIT 32.2 - VANGUARD HEALTH SYSTEMS INC | c05431exv32w2.htm |
EXHIBIT 12.1
Vanguard Health Systems, Inc.
Computation of Ratios of Earnings to Fixed Charges
(unaudited)
(dollars in millions)
Computation of Ratios of Earnings to Fixed Charges
(unaudited)
(dollars in millions)
| Year | Year | Year | Year | Year | ||||||||||||||||
| ended | ended | ended | ended | ended | ||||||||||||||||
| June 30, | June 30, | June 30, | June 30, | June 30, | ||||||||||||||||
| 2006 | 2007 | 2008 | 2009 | 2010 | ||||||||||||||||
EARNINGS: |
||||||||||||||||||||
Income (loss) from continuing operations before
income taxes |
$ | 41.1 | $ | (122.5 | ) | $ | 5.6 | $ | 48.9 | $ | (58.4 | ) | ||||||||
Equity method income |
(0.2 | ) | (1.0 | ) | (0.7 | ) | (0.8 | ) | (0.9 | ) | ||||||||||
Fixed charges, exclusive of capitalized interest (a) |
118.6 | 140.7 | 138.6 | 124.7 | 127.8 | |||||||||||||||
Earnings |
$ | 159.5 | $ | 17.2 | $ | 143.5 | $ | 172.8 | $ | 68.5 | ||||||||||
FIXED CHARGES: |
||||||||||||||||||||
Interest charged to expense (b) |
$ | 110.3 | $ | 131.6 | $ | 128.4 | $ | 114.0 | $ | 116.8 | ||||||||||
Portion of rents representing interest (c) |
8.3 | 9.1 | 10.2 | 10.7 | 11.0 | |||||||||||||||
Fixed charges, exclusive of capitalized interest |
118.6 | 140.7 | 138.6 | 124.7 | 127.8 | |||||||||||||||
Capitalized interest |
8.3 | 3.0 | 1.4 | 2.0 | 2.4 | |||||||||||||||
Total fixed charges |
$ | 126.9 | $ | 143.7 | $ | 140.0 | $ | 126.7 | $ | 130.2 | ||||||||||
Ratio of earnings to fixed charges |
1.26x | n/a | 1.03x | 1.36x | n/a | |||||||||||||||
Amount by which earnings are inadequate to cover fixed charges |
n/a | $ | 126.5 | n/a | n/a | $ | 61.7 | |||||||||||||
| (a) | Calculated in fixed charges section below. |
|
| (b) | Excludes interest income. Includes amortization of deferred financing costs and debt discount
amortization. |
|
| (c) | Estimated to be 25% of consolidated rental expense. |