Exhibit 12.1

DAVITA HEALTHCARE PARTNERS INC.

RATIO OF EARNINGS TO FIXED CHARGES

The ratio of earnings to fixed charges is computed by dividing earnings by fixed charges. Earnings for this purpose are defined as pretax income from continuing operations adjusted by adding back fixed charges expensed during the period less noncontrolling interests. Fixed charges include debt expense (interest expense and the amortization of deferred financing costs), the estimated interest component of rent expense on operating leases, and capitalized interest.

 

     Year ended December 31,  
     2013     2012     2011     2010     2009  
     (dollars in thousands)  

Earnings adjusted for fixed charges:

          

Income from continuing operations before income taxes

   $ 1,124,978      $ 1,001,304      $ 916,605      $ 741,238      $ 752,632   

Add:

          

Debt expense

     429,943        288,554        241,090        181,607        185,755   

Interest portion of rent expense

     137,558        112,424        95,919        86,656        80,710   

Less: Noncontrolling interests

     (124,276     (105,891     (95,899     (79,048     (57,285
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 
     443,225        295,087        241,110        189,215        209,180   
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 
   $ 1,568,203      $ 1,296,391      $ 1,157,715      $ 930,453      $ 961,812   
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Fixed charges:

          

Debt expense

   $ 429,943      $ 288,554      $ 241,090      $ 181,607      $ 185,755   

Interest portion of rent expense

     137,558        112,424        95,919        86,656        80,710   

Capitalized interest

     6,408        8,127        4,887        2,621        3,627   
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 
   $ 573,909      $ 409,105      $ 341,896      $ 270,884      $ 270,092   
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Ratio of earnings to fixed charges

     2.73        3.17        3.39        3.43        3.56