Exhibit 12.1
DaVita Inc.
Computation of Ratio of Earnings to Fixed Charges
| Three months ended March 31, |
Year ended December 31, | ||||||||||||||||||||
| 2005 |
2004 |
2004 |
2003 |
2002 |
2001 |
2000 | |||||||||||||||
| (dollars in millions) | |||||||||||||||||||||
| Earnings adjusted for fixed charges: |
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| Income from continuing operations |
$ | 91,609 | $ | 86,640 | $ | 361,884 | $ | 288,266 | $ | 267,257 | $ | 242,567 | $ | 39,223 | |||||||
| Add: |
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| Debt expense |
$ | 17,534 | $ | 11,636 | 52,412 | 66,828 | 71,636 | 72,438 | 116,637 | ||||||||||||
| Interest portion of rental expense |
$ | 7,118 | $ | 6,123 | 25,772 | 22,927 | 20,336 | 18,116 | 17,140 | ||||||||||||
| $ | 24,652 | $ | 17,759 | 78,184 | 89,755 | 91,972 | 90,554 | 133,777 | |||||||||||||
| $ | 116,261 | $ | 104,399 | $ | 440,068 | $ | 378,021 | $ | 359,229 | $ | 333,121 | $ | 173,000 | ||||||||
| Fixed Charges: |
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| Debt expense |
$ | 17,534 | $ | 11,636 | 52,412 | 66,828 | 71,636 | 72,438 | 116,637 | ||||||||||||
| Interest portion of rental expense |
$ | 7,118 | $ | 6,123 | 25,772 | 22,927 | 20,336 | 18,116 | 17,140 | ||||||||||||
| Capitalized interest |
306 | 233 | 1,078 | 1,523 | 1,888 | 751 | 1,125 | ||||||||||||||
| 24,958 | 17,992 | $ | 79,262 | $ | 91,278 | $ | 93,860 | $ | 91,305 | $ | 134,902 | ||||||||||
| Ratio of earnings to fixed charges (1) |
4.66 | 5.80 | 5.55 | 4.14 | 3.83 | 3.65 | 1.28 | ||||||||||||||
| (1) | The ratio of earnings to fixed charges is unaudited for all periods presented. |