EX-12.1 2 a2206350zex-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

 

Nine Months Ended

 

Nine Months Ended

 

 

 

Year Ended December 31,

 

February 21,

 

December 31,

 

December 31,

 

December 31,

 

September 30,

 

September 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

)

(17,646

)

(243,394

)

(Income)Loss from equity investees

 

128

 

46

 

(39

)

118

 

(880

)

(1,001

)

(684

)

863

 

Distributed income of equity investees

 

 

 

 

 

301

 

1,007

 

451

 

633

 

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

 

(580

)

(1,211

)

(19

)

(2,483

)

(1,835

)

(1,698

)

(1,657

)

(3,209

)

Fixed Charges

 

13,376

 

21,298

 

4,981

 

57,070

 

65,137

 

62,490

 

47,494

 

48,964

 

Earnings

 

62,810

 

62,777

 

(5,360

)

50,439

 

56,010

 

(65,802

)

27,958

 

(196,143

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest expense

 

12,570

 

20,250

 

4,783

 

55,863

 

63,119

 

59,098

 

45,055

 

45,688

 

An estimate of the interest within rental expense

 

806

 

1,048

 

198

 

1,207

 

2,018

 

3,392

 

2,439

 

3,276

 

Fixed Charges

 

13,376

 

21,298

 

4,981

 

57,070

 

65,137

 

62,490

 

47,494

 

48,964

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ratio of earnings to fixed charges

 

4.70

 

2.95

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Deficiency to cover charges (2) 

 

 

 

10,341

 

6,631

 

9,127

 

128,292

 

19,536

 

245,107

 

 


(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.