LINCARE HOLDINGS INC - FORM 10-K - EX-12.1 - COMPUTATION OF RATIO OF EARNINGS - February 25, 2011

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10-K - FORM 10-K - LINCARE HOLDINGS INCd10k.htm
EX-32.1 - SECTION 906 CERTIFICATION OF CEO - LINCARE HOLDINGS INCdex321.htm
EX-23.1 - CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM - LINCARE HOLDINGS INCdex231.htm
EX-31.2 - SECTION 302 CERTIFICATION OF CFO - LINCARE HOLDINGS INCdex312.htm
EX-31.1 - SECTION 302 CERTIFICATION OF CEO - LINCARE HOLDINGS INCdex311.htm
EX-32.2 - SECTION 906 CERTIFICATION OF CFO - LINCARE HOLDINGS INCdex322.htm
EX-24.1 - SPECIAL POWERS OF ATTORNEY - LINCARE HOLDINGS INCdex241.htm
EX-21.1 - LINCARE HOLDINGS INC. ACTIVE SUBSIDIARIES AND PARTNERSHIPS - LINCARE HOLDINGS INCdex211.htm
EXCEL - IDEA: XBRL DOCUMENT - LINCARE HOLDINGS INCFinancial_Report.xls

Exhibit 12.1

Lincare Holdings Inc.

Computation of Ratio of Earnings to Fixed Charges

(In thousands, except ratios)

 

     FOR THE YEAR ENDED
DECEMBER 31,		  
     2010      2009      2008      2007      2006  

EARNINGS AVAILABLE TO COVER FIXED CHARGES:

               

Income (loss) from continuing operations before income taxes and minority interests

    $ 298,493       $ 223,387       $ 365,544       $ 358,155       $ 339,843   

Add:

               

Fixed charges deducted from earnings (see below)

      57,520         55,942         60,457         49,747         29,007   
                                            

Earnings available to cover fixed charges

    $ 356,013       $ 279,329       $ 426,001       $ 407,902       $ 368,850   
                                            

FIXED CHARGES:

               

Interest expense, including amounts in operating expense

    $ 15,965       $ 15,945       $ 21,185       $ 20,837       $ 8,982   

Amortized indebtedness

      1,769         1,769         2,377         5,646         953   

Amortization of discount on bonds payable

      18,495         17,246         16,082         2,573         0   

Interest within rent expense

      21,291         20,982         20,813         20,691         19,072   
                                            

Fixed charges

    $ 57,520       $ 55,942       $ 60,457       $ 49,747       $ 29,007   
                                            

RATIO OF EARNINGS TO FIXED CHARGES

      6.19         4.99         7.05         8.20         12.72   
                                            

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