EX-12.1 2 eeft6302012ex121.htm RATIO OF EARNINGS TO FIX CHARGES EEFT 6/30/2012 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)
 
2012
 
2011
 
2012
 
2011
Pretax income before adjustment for income from unconsolidated subsidiaries
 
$
10,635

 
$
18,753

 
$
28,768

 
$
42,035

Add:
 
 
 
 
 
 
 
 
Fixed charges
 
7,932

 
6,525

 
15,524

 
13,089

  Dividends received
 
2,021

 
118

 
2,021

 
118

Adjusted pretax income
 
$
20,588

 
$
25,396

 
$
46,313

 
$
55,242

Fixed charges:
 
 
 
 
 
 
 
 
Interest expense
 
$
5,579

 
$
5,171

 
$
11,059

 
$
10,506

Estimate of interest within rental expense
 
2,353

 
1,354

 
4,465

 
2,583

Total fixed charges
 
$
7,932

 
$
6,525

 
$
15,524

 
$
13,089

Ratio of earnings to fixed charges
 
2.6

 
3.9

 
3.0

 
4.2