EX-12.1 5 g74403a1ex12-1.txt STATEMENT COMPUTATION OF RATIO OF EARNINGS EXHIBIT 12.1 PROVINCE HEALTHCARE COMPANY STATEMENT RE: COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES (DOLLARS IN THOUSANDS)
Year Ended Three Months Ended December 31, March 31, --------------------------------------------------- ------------------ 1997 1998 1999 2000 2001 2002 ------- ------- ------- ------- ------- ------ Earnings Income from continuing operations before provision for income taxes and extraordinary item $ 7,725 $17,934 $25,649 $34,675 $56,738 $19,486 Interest and amortization of deferred finance costs 8,121 10,555 13,901 16,657 12,090 4,196 Implicit rental interest expense 1,369 1,618 2,016 2,006 2,412 689 ------- ------- ------- ------- ------- ------- Total earnings 17,215 30,107 41,566 53,338 71,240 24,371 ------- ------- ------- ------- ------- ------- Fixed Charges Interest and amortization of deferred finance costs 8,121 10,555 13,901 16,657 12,090 4,196 Capitalized interest 223 288 410 1,036 1,348 404 Implicit rental interest expense 1,369 1,618 2,016 2,006 2,412 689 ------- ------- ------- ------- ------- ------- Total fixed charges $ 9,713 $12,461 $16,327 $19,699 $15,850 $ 5,289 ------- ------- ------- ------- ------- ------- Ratio of earnings to fixed charges 1.77 2.42 2.55 2.71 4.49 4.61 ======= ======= ======= ======= ======= =======