Attached files
| file | filename |
|---|---|
| EX-32.2 - CERTIFICATION - CENTENE CORP | exhibit322q22018.htm |
| EX-32.1 - CERTIFICATION - CENTENE CORP | exhibit321q22018.htm |
| EX-31.2 - CERTIFICATION - CENTENE CORP | exhibit312q22018.htm |
| EX-31.1 - CERTIFICATION - CENTENE CORP | exhibit311q22018.htm |
| 10-Q - FORM 10-Q - CENTENE CORP | form10-q.htm |
Exhibit 12.1
Centene Corporation
Computation of ratio of earnings to fixed charges
($ in millions)
Six Months Ended | Year Ended December 31, | ||||||||||||||||||
6/30/18 | 2017 | 2016 | 2015 | 2014 | |||||||||||||||
Earnings: | |||||||||||||||||||
Pre-tax earnings from continuing operations | $ | 987 | $ | 1,134 | $ | 1,157 | $ | 697 | $ | 457 | |||||||||
Addback: | |||||||||||||||||||
Fixed charges | 181 | 311 | 262 | 65 | 50 | ||||||||||||||
Add (Subtract): | |||||||||||||||||||
Noncontrolling interest | 3 | 20 | 1 | (2 | ) | 7 | |||||||||||||
Total earnings | $ | 1,171 | $ | 1,465 | $ | 1,420 | $ | 760 | $ | 514 | |||||||||
Fixed Charges: | |||||||||||||||||||
Interest expense | $ | 148 | $ | 255 | $ | 217 | $ | 43 | $ | 35 | |||||||||
Interest component of rental payments (1) | 33 | 56 | 45 | 22 | 15 | ||||||||||||||
Total fixed charges | $ | 181 | $ | 311 | $ | 262 | $ | 65 | $ | 50 | |||||||||
Ratio of earnings to fixed charges | 6.5 | 4.7 | 5.4 | 11.7 | 10.3 | ||||||||||||||
(1) Estimated at 33% of rental expense as a reasonable approximation of the interest factor. | |||||||||||||||||||