Attached files
| file | filename |
|---|---|
| 8-K - 8-K - AMERISOURCEBERGEN CORP | a15-1983_58k.htm |
| EX-5.1 - EX-5.1 - AMERISOURCEBERGEN CORP | a15-1983_5ex5d1.htm |
| EX-4.1 - EX-4.1 - AMERISOURCEBERGEN CORP | a15-1983_5ex4d1.htm |
| EX-4.2 - EX-4.2 - AMERISOURCEBERGEN CORP | a15-1983_5ex4d2.htm |
Exhibit 12.1
AmerisourceBergen Corporation
Computation of Ratio of Earnings to Fixed Charges
|
|
|
Fiscal Year Ended September 30, |
|
Three Months Ended |
| ||||||||||||||
|
(in thousands, except ratios) |
|
2010 |
|
2011 |
|
2012 |
|
2013 |
|
2014 |
|
2014 |
| ||||||
|
Determination of earnings: |
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||
|
Income (loss) from continuing operations before income taxes |
|
$ |
1,012,176 |
|
$ |
1,117,989 |
|
$ |
1,216,873 |
|
$ |
824,458 |
|
$ |
673,428 |
|
$ |
(107,053 |
) |
|
Add: |
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||
|
Loss on equity investments |
|
700 |
|
607 |
|
380 |
|
113 |
|
172 |
|
812 |
| ||||||
|
Fixed charges (excluding capitalized interest) |
|
83,003 |
|
85,960 |
|
103,746 |
|
86,989 |
|
89,977 |
|
20,952 |
| ||||||
|
Amortization of capitalized interest |
|
1,098 |
|
1,193 |
|
1,443 |
|
1,635 |
|
1,676 |
|
419 |
| ||||||
|
Total earnings available for fixed charges |
|
$ |
1,096,977 |
|
$ |
1,205,749 |
|
$ |
1,322,442 |
|
$ |
913,195 |
|
$ |
765,253 |
|
$ |
(84,870 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||
|
Fixed charges: |
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||
|
Interest expense |
|
$ |
74,101 |
|
$ |
78,329 |
|
$ |
94,369 |
|
$ |
75,047 |
|
$ |
77,703 |
|
$ |
17,891 |
|
|
Capitalized interest |
|
6,618 |
|
3,367 |
|
504 |
|
— |
|
— |
|
— |
| ||||||
|
Estimated interest portion of rent expense |
|
8,902 |
|
7,631 |
|
9,377 |
|
11,942 |
|
12,274 |
|
3,061 |
| ||||||
|
Total fixed charges |
|
$ |
89,621 |
|
$ |
89,327 |
|
$ |
104,250 |
|
$ |
86,989 |
|
$ |
89,977 |
|
$ |
20,952 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||
|
Ratio of earnings to fixed charges (1) |
|
12.2 |
|
13.5 |
|
12.7 |
|
10.5 |
|
8.5 |
|
— |
| ||||||
(1) For purposes of computing the above ratios:
· For the three months ended December 31, 2014, earnings were insufficient to cover fixed charges by $105.8 million.
· Earnings include warrant expense, a non-cash expense, of $90.1 million and $422.7 million in the fiscal years ended September 30, 2013 and 2014, respectively, and $371.4 million in the three months ended December 31, 2014.