EX-12.1 181 a2200619zex-12_1.htm EX-12.1

Exhibit 12.1

 

Statement Regarding Computation of Ratio of Earnings to Fixed Charges(1)

Radiation Therapy Services Holdings, Inc.

 

 

 

Predecessor

 

Successor

 

 

 

Year Ended December
31,

 

Period
From

January
1 to

February
21,

 

Period
From

February
22 to

December
31,

 

Combined
Year
Ended

December
31,

 

Year
Ended

December
31,

 

Nine
Months
Ended

September
30,

 

 

 

2005

 

2006

 

2007

 

2008

 

2008

 

2008

 

2009

 

2010

 

Pre-tax income before adjustment for noncontrolling interests in consolidated subsidiaries

 

40,121

 

49,886

 

42,644

 

(10,283

)

(4,266

)

(14,549

)

(6,713

)

(17,646

)

(Income) Loss from equity investees

 

468

 

128

 

46

 

(39

)

118

 

79

 

(880

)

(684

)

Distributed income of equity investees

 

235

 

 

 

 

 

 

301

 

451

 

Noncontrolling interest in pre-tax income of subsidiaries that have not incurred fixed charges

 

 

(580

)

(1,211

)

(19

)

(2,483

)

(2,502

)

(1,835

)

(1,657

)

Fixed Charges

 

7,889

 

13,376

 

21,298

 

4,981

 

57,070

 

62,051

 

65,137

 

47,494

 

Earnings

 

48,713

 

62,810

 

62,777

 

(5,360

)

50,439

 

45,079

 

56,010

 

27,958

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest expense

 

7,231

 

12,570

 

20,250

 

4,783

 

55,863

 

60,646

 

63,119

 

45,055

 

An estimate of the interest within rental expense

 

658

 

806

 

1,048

 

198

 

1,207

 

1,405

 

2,018

 

2,439

 

Fixed Charges

 

7,889

 

13,376

 

21,298

 

4,981

 

57,070

 

62,051

 

65,137

 

47,494

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ratio of earnings to fixed charges

 

6.17

 

4.70

 

2.95

 

 

 

 

 

 

Deficiency to cover fixed charges(2)

 

 

 

 

10,341

 

6,631

 

16,972

 

9,128

 

19,536

 

 


(1)                      For purposes of computing the ratio of earnings to fixed charges, earnings consist of income (loss) before provision for income taxes plus fixed charges.  Fixed charges consist of interest expense on all indebtedness including amortization of deferred financing costs and the portion of operating lease rental expense that is representative of the interest factor.

(2)                      Coverage deficiency represents the amount by which earnings were insufficient to cover fixed charges.