EX-12.1 2 eeft9302015ex121.htm EXHIBIT 12.1 Exhibit

EXHIBIT 12.1
EURONET WORLDWIDE, INC.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Unaudited)


 
 
Three Months Ended
September 30,
 
Nine Months Ended
September 30,
(dollar amounts in thousands)
 
2015
 
2014
 
2015
 
2014
Pretax income before adjustment for income from unconsolidated subsidiaries
 
$
48,040

 
$
47,772

 
$
99,026

 
$
98,655

Add:
 
 
 
 
 
 
 
 
Fixed charges
 
8,695

 
5,071

 
23,837

 
13,124

Adjusted pretax income
 
$
56,735

 
$
52,843

 
$
122,863

 
$
111,779

Fixed charges:
 
 
 
 
 
 
 
 
Interest expense
 
$
6,690

 
$
3,046

 
$
18,482

 
$
7,476

Estimate of interest within rental expense
 
2,005

 
2,025

 
5,355

 
5,648

Total fixed charges
 
$
8,695

 
$
5,071

 
$
23,837

 
$
13,124

Ratio of earnings to fixed charges
 
6.5

 
10.4

 
5.2

 
8.5