EX-12.1 3 a2205405zex-12_1.htm EX-12.1

Exhibit 12.1

 

Statement Regarding Computation of Ratio of Earnings to Fixed Charges

Radiation Therapy Services Holdings, Inc.

 

 

 

Predecessor

 

Successor

 

 

 

 

 

 

 

Period From

 

Period From

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

January 1 to

 

February 22 to

 

Year Ended

 

Year Ended

 

Six Months Ended

 

Six Months Ended

 

 

 

Year Ended December 31,

 

February 21,

 

December 31,

 

December 31,

 

December 31,

 

June 30,

 

June 30,

 

 

 

2006

 

2007

 

2008

 

2008

 

2009

 

2010

 

2010

 

2011

 

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

 

49,886

 

42,644

 

(10,283

)

(4,266

)

(6,713

)

(126,600

)

(14,235

)

(2,098

)

(Income)Loss from equity investees

 

128

 

46

 

(39

)

118

 

(880

)

(1,001

)

(358

)

525

 

Distributed income of equity investees

 

 

 

 

 

301

 

(1,007

)

(18

)

(616

)

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

 

(580

)

(1,211

)

(19

)

(2,483

)

(1,835

)

(1,698

)

(1,741

)

(2,507

)

Fixed Charges

 

13,376

 

21,298

 

4,981

 

57,070

 

65,138

 

62,489

 

32,395

 

32,250

 

Earnings

 

62,810

 

62,777

 

(5,361

)

50,439

 

56,010

 

(67,817

)

16,043

 

27,554

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest expense

 

12,570

 

20,250

 

4,783

 

55,863

 

63,119

 

59,098

 

30,819

 

30,088

 

An estimate of the interest within rental expense

 

806

 

1,048

 

198

 

1,207

 

2,018

 

3,392

 

1,576

 

2,162

 

Fixed Charges

 

13,376

 

21,298

 

4,981

 

57,070

 

65,138

 

62,489

 

32,395

 

32,250

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ratio of earnings to fixed charges

 

4.70

 

2.95

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Deficiency to cover charges (2) 

 

 

 

10,341

 

6,631

 

9,128

 

130,306

 

16,352

 

4,696

 

 


(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 indebtness 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.