Attached files
file | filename |
---|---|
8-K - 8-K - Catamaran Corp | d691940d8k.htm |
EX-5.2 - EX-5.2 - Catamaran Corp | d691940dex52.htm |
EX-5.8 - EX-5.8 - Catamaran Corp | d691940dex58.htm |
EX-5.7 - EX-5.7 - Catamaran Corp | d691940dex57.htm |
EX-5.5 - EX-5.5 - Catamaran Corp | d691940dex55.htm |
EX-5.4 - EX-5.4 - Catamaran Corp | d691940dex54.htm |
EX-5.6 - EX-5.6 - Catamaran Corp | d691940dex56.htm |
EX-5.1 - EX-5.1 - Catamaran Corp | d691940dex51.htm |
EX-4.2 - EX-4.2 - Catamaran Corp | d691940dex42.htm |
EX-5.3 - EX-5.3 - Catamaran Corp | d691940dex53.htm |
EX-1.1 - EX-1.1 - Catamaran Corp | d691940dex11.htm |
Exhibit 12.1
Catamaran Corporation
Ratios of Earnings to Fixed Charges
(dollars in thousands)
Earnings: | 2013 | Pro-forma adjustments (4) |
Pro-forma Calculation |
|||||||||
Income before income taxes |
$ | 402,142 | $ | (18,320 | ) | $ | 383,822.00 | |||||
Less non-controlling interest (1) |
(36,569 | ) | | (36,569 | ) | |||||||
Add fixed charges: |
||||||||||||
Interest expense (2) |
39,116 | 18,320 | 57,436 | |||||||||
Interest portion of consolidated rent expense (3) |
11,766 | | 11,766 | |||||||||
Adjusted earnings |
$ | 416,455 | $ | | $ | 416,455 | ||||||
Fixed charges: |
||||||||||||
Interest expense |
$ | 39,116 | $ | 18,320 | $ | 57,436 | ||||||
Interest portion of consolidated rent expense |
11,766 | 11,766 | ||||||||||
Total fixed charges |
$ | 50,882 | $ | 69,202 | ||||||||
Ratio of earnings to fixed charges |
8.18 x | 6.02x |
(1) | Non-controlling interest is not included in earnings contributed to the Company. |
(2) | Interest expense on income tax contingencies is not included in fixed charges. |
(3) | One third of rental expenses was used to represent the interest factor of rental expenses. |
(4) | The ratio of earnings to fixed charges for the year ended December 31, 2013 has been adjusted on a pro forma basis to give effect to the offer and sale of $500.0 million aggregate principal amount of Catamaran Corporations 4.75% Senior Notes due 2021 and the use of the net proceeds therefrom to repay $300.0 million of outstanding borrowings under Catamaran Corporations senior secured revolving credit facility, as if such events occurred on January 1, 2013. |