EX-12.1 3 eeft12312015ex121.htm EXHIBIT 12.1 Exhibit


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

 
 
Year Ended December 31,
(dollar amounts in thousands)
 
2015
 
2014
 
2013
Pretax income before adjustment for income from unconsolidated subsidiaries
 
$
141,094

 
$
141,549

 
$
114,879

Add:
 
 
 
 
 
 
Fixed charges
 
31,277

 
18,641

 
16,930

  Dividends received
 
—

 
—

 
326

Adjusted pretax income
 
$
172,371

 
$
160,190

 
$
132,135

Fixed charges:
 
 
 
 
 
 
Interest expense
 
$
24,814

 
$
12,330

 
$
10,139

Estimate of interest within rental expense
 
6,463

 
6,311

 
6,791

Total fixed charges
 
$
31,277

 
$
18,641

 
$
16,930

Ratio of earnings to fixed charges
 
5.5

 
8.6

 
7.8