EX-12.1 3 c58175exv12w1.htm EX-12.1 exv12w1
EXHIBIT 12.1
EURONET WORLDWIDE, INC.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Unaudited)
                                 
    Three Months Ended
June 30,		     Six Months Ended
June 30,		  
(dollar amounts in thousands)   2010     2009     2010     2009  
Pretax income from continuing operations before adjustment for income from unconsolidated subsidiaries
   $ 2,742     $ 21,756     $ 11,490     $ 14,662  
Add:
                                
Fixed charges
     6,148       7,950       12,217       16,229  
Dividends received
     —       474       —       474  
 
                        
 
Adjusted pretax income
   $ 8,890     $ 30,180     $ 23,707     $ 31,365  
 
                        
 
                                
Fixed charges:
                                
Interest expense
   $ 5,031     $ 6,653     $ 9,985     $ 13,720  
Estimate of interest within rental expense
     1,117       1,297       2,232       2,509  
 
                        
 
Total fixed charges
   $ 6,148     $ 7,950     $ 12,217     $ 16,229  
 
                        
 
                                
Ratio of earnings to fixed charges
     1.4       3.8       1.9       1.9  

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