EX-12.1 4 eeft6302011ex121.htm COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES EEFT 6/30/2011 EX12.1


EURONET WORLDWIDE, INC.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Unaudited)


 
 
Three Months Ended
 
Six Months Ended
 
 
June 30,
 
June 30,
(dollar amounts in thousands)
 
2011
 
2010
 
2011
 
2010
Pretax income before adjustment for income from unconsolidated subsidiaries
 
$
18,753

 
$
2,742

 
$
42,035

 
$
11,490

Add:
 
 
 
 
 
 
 
 
Fixed charges
 
6,525

 
6,148

 
13,089

 
12,217

  Dividends received
 
118

 
—

 
118

 
—

Less:
 
 
 
 
 
 
 
 
  Noncontrolling interest in pretax income of subsidiaries that have not incurred fixed charges
 
(521
)
 
(541
)
 
(651
)
 
(1,123
)
Adjusted pretax income
 
$
24,875

 
$
8,349

 
$
54,591

 
$
22,584

Fixed charges:
 
 
 
 
 
 
 
 
Interest expense
 
$
5,171

 
$
5,031

 
$
10,506

 
$
9,985

Estimate of interest within rental expense
 
1,354

 
1,117

 
2,583

 
2,232

Total fixed charges
 
$
6,525

 
$
6,148

 
$
13,089

 
$
12,217

Ratio of earnings to fixed charges
 
3.8

 
1.4

 
4.2

 
1.8