EX-12.1 4 d815478dex121.htm EX-12.1

EX-12.1

Exhibit 12.1

Premier, Inc.

Ratio of Earnings to Fixed Charges

($ in thousands)

		Three Months Ended September 30,								Twelve Months Ended June 30,
		2014				2013				2014				2013				2012				2011
Earnings:
Income before income taxes		$	70,698			$	113,292			$	360,326			$	384,812			$	334,897			$	316,964
Less: equity in net income of unconsolidated affiliates			(4,866	)			(4,114	)			(16,976	)			(11,968	)			(12,122	)			(10,827	)
Plus: distributed income of equity investees			5,050				—				15,650				13,491				12,288				12,375
Adjusted income before taxes			70,882				109,178				359,000				386,335				335,063				318,512
Fixed charges			1,011				779				3,416				2,958				2,642				3,082
Adjusted earnings		$	71,893			$	109,957			$	362,416			$	389,293			$	337,705			$	321,594
Fixed charges:
Interest expense, including capitalized interest		$	56			$	48			$	203			$	146			$	36			$	14
Amortized premiums, discounts, and capitalized expenses related to indebtedness			126				—				165				—				—				—
Portion of interest in rental expense			829				731				3,048				2,812				2,606				3,068
Fixed charges		$	1,011			$	779			$	3,416			$	2,958			$	2,642			$	3,082
Ratio of earnings to fixed charges			71.1	x			141.2	x			106.1	x			131.6	x			127.8	x			104.3	x
Total rent expense		$	2,511			$	2,214			$	9,235			$	8,522			$	7,898			$	9,296
Portion representing interest			33	%			33	%			33	%			33	%			33	%			33	%
Portion of interest in rental expense		$	829			$	731			$	3,048			$	2,812			$	2,606			$	3,068