EX-12.1 6 g74403ex12-1.txt STATEMENT REGARDING COMPUTATION OF RATIO EARNINGS EXHIBIT 12.1 PROVINCE HEALTHCARE COMPANY STATEMENT RE: COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES (DOLLARS IN THOUSANDS)
Year Ended December 31, --------------------------------------------------- 1997 1998 1999 2000 2001 ------- ------- ------- ------- ------- Earnings Income from continuing operations before provision for income taxes and extraordinary item $ 7,725 $17,934 $25,649 $34,675 $56,738 Interest and amortization of deferred finance costs 8,121 10,555 13,901 16,657 12,090 Implicit rental interest expense 1,369 1,618 2,016 2,006 2,412 ------- ------- ------- ------- ------- Total earnings 17,215 30,107 41,566 53,338 71,240 ------- ------- ------- ------- ------- Fixed Charges Interest and amortization of deferred finance costs 8,121 10,555 13,901 16,657 12,090 Capitalized interest 223 288 410 1,036 1,348 Implicit rental interest expense 1,369 1,618 2,016 2,006 2,412 ------- ------- ------- ------- ------- Total fixed charges $ 9,713 $12,461 $16,327 $19,699 $15,850 ------- ------- ------- ------- ------- Ratio of earnings to fixed charges 1.77 2.42 2.55 2.71 4.49 ======= ======= ======= ======= =======