|
Centene
Corporation
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Exhibit
12.1
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Computation
of ratio of earnings to fixed charges
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($
in thousands)
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For
the Nine Months Ended
|
Year
Ended December 31,
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9/30/2008
|
2007
|
2006
|
2005
|
2004
|
2003
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Earnings:
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|
Pre-tax
earnings from continuing operations
|
$ 100,546
|
$ 63,636
|
$ 33,582
|
$ 57,387
|
$ 69,429
|
$ 51,893
|
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|
Addback:
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|
Fixed
charges
|
17,528
|
20,863
|
14,402
|
6,338
|
2,951
|
1,232
|
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|
Total
earnings
|
$ 118,074
|
$ 84,499
|
$ 47,983
|
$ 63,724
|
$ 72,380
|
$ 53,125
|
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|
Fixed
Charges:
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Interest
expense
|
$ 12,436
|
$ 15,626
|
$ 10,636
|
$ 3,990
|
$ 680
|
$ 194
|
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|
Interest
component of rental payments (1)
|
5,092
|
5,237
|
3,766
|
2,348
|
2,271
|
1,038
|
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|
Total
fixed charges
|
$ 17,528
|
$ 20,863
|
$ 14,402
|
$ 6,338
|
$ 2,951
|
$ 1,232
|
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|
Ratio
of earnings to fixed charges
|
6.74
|
4.05
|
3.33
|
10.05
|
24.53
|
43.12
|
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Dollar
amount of deficiency
|
-
|
-
|
-
|
-
|
-
|
-
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(1) Estimated
at 33% of rental expense as a reasonable approximation of the interest
factor.
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