Attached files
| file | filename |
|---|---|
| 10-K - CHEMED CORP. 10-K - CHEMED CORP | a51512436.htm |
| EX-32.3 - EXHIBIT 32.2 - CHEMED CORP | a51512436ex32_3.htm |
| EX-32.2 - EXHIBIT 32.2 - CHEMED CORP | a51512436ex32_2.htm |
| EX-32.1 - EXHIBIT 32.1 - CHEMED CORP | a51512436ex32_1.htm |
| EX-31.3 - EXHIBIT 31.3 - CHEMED CORP | a51512436ex31_3.htm |
| EX-31.2 - EXHIBIT 31.2 - CHEMED CORP | a51512436ex31_2.htm |
| EX-31.1 - EXHIBIT 31.1 - CHEMED CORP | a51512436ex31_1.htm |
| EX-24 - EXHIBIT 24 - CHEMED CORP | a51512436ex24.htm |
| EX-23 - EXHIBIT 23 - CHEMED CORP | a51512436ex23.htm |
| EX-21 - EXHIBIT 21 - CHEMED CORP | a51512436ex21.htm |
| EX-13 - EXHIBIT 13 - CHEMED CORP | a51512436ex13.htm |
EXHIBIT 12
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CHEMED CORPORATION
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COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
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(in thousands, except ratios)
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2012
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2013
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2014
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2015
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2016
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Pretax income from continuing operations
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$
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145,819
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$
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123,829
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$
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162,754
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$
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180,126
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$
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177,054
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Additions:
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Fixed charges
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28,021
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28,032
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21,388
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16,985
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17,060
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Amortization of capitalized interest
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435
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435
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435
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435
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435
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Adjusted income
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$
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174,275
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$
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152,296
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$
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184,577
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$
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197,546
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$
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194,549
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Fixed Charges:
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Interest expense
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$
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14,723
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$
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15,035
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$
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8,186
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$
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3,645
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$
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3,715
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Interest component of rental expense
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13,298
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12,997
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13,202
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13,340
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13,345
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Fixed charges
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$
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28,021
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$
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28,032
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$
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21,388
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$
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16,985
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$
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17,060
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Ratio of earnings to fixed charges (a)
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6.2
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x
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5.4
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x
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8.6
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x
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11.6
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x
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11.4
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x
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(a) For purposes of computing the ratio of earnings to fixed charges, pretax income from continuing operations has
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been added to fixed charges and adjusted for capitalized interest to derive adjusted income. Fixed charges consist
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of interest expense on debt (including the amortization of deferred financing costs), prepayment penalties on the
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early extinguishment of debt and one-third (the proportion deemed representative of the interest component) of
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rental expense. Fixed charge amounts include interest from both continuing and discontinued operations.
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41