EX-12.1 6 evhc10k20171231ex12v1.htm EXHIBIT 12.1 Exhibit


Exhibit 12.1
STATEMENT OF COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(In millions)
 
Year Ended December 31,
 
2013
 
2014
 
2015
 
2016
 
2017
Computation of Earnings:
 
 
 
 
 
 
 
 
 
Pre-tax earnings (loss) from continuing operations, excluding equity in earnings of unconsolidated affiliates
$
300.0

 
$
287.2

 
$
479.8

 
$
174.5

 
$
(53.1
)
Plus: Fixed charges
32.5

 
87.0

 
125.8

 
147.0

 
237.4

Plus: Amortization of capitalized interest
0.1

 
0.1

 
0.1

 
0.1

 
0.1

Plus: Distributed earnings from equity investees
3.1

 
3.6

 
6.9

 
17.5

 
23.8

Earnings
$
335.7


$
377.9


$
612.6


$
339.1


$
208.2

Fixed Charges:
 
 
 
 
 
 
 
 
 
Interest expense and amortization of deferred financing costs on all indebtedness
$
29.5

 
$
83.3

 
$
121.5

 
$
142.4

 
$
231.1

Estimate of interest component of rental expenses
3.0

 
3.7

 
4.3

 
4.6

 
6.3

Fixed charges
32.5


87.0


125.8


147.0


237.4

Preferred distributions
—

 
7.5

 
15.1

 
15.1

 
7.5

Total combined fixed charges and preferred distributions
$
32.5

 
$
94.5

 
$
140.9

 
$
162.1

 
$
244.9

Ratio of earnings to fixed charges
10.3x

 
4.0x

 
4.3x

 
2.1x

 
0.9x