EX-12.1 27 a2209701zex-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

 

Pro Forma

 

 

 

 

 

Period From

 

Period From

 

 

 

 

 

 

 

Three

 

Three

 

 

 

Three

 

 

 

Year Ended

 

January 1 to

 

February 22 to

 

Year Ended

 

Year Ended

 

Year Ended

 

Months Ended

 

Months Ended

 

Year Ended

 

Months Ended

 

 

 

December 31,

 

February 21,

 

December 31,

 

December 31,

 

December 31,

 

December 31,

 

March 31,

 

March 31,

 

December 31,

 

March 31,

 

 

 

2007

 

2008

 

2008

 

2009

 

2010

 

2011

 

2011

 

2012

 

2011

 

2012

 

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

 

42,644

 

(10,283

)

(4,266

)

(6,713

)

(126,600

)

(375,248

)

(611

)

(8,286

)

(383,465

)

(8,879

)

(Income)Loss from equity investees

 

46

 

(39

)

118

 

(880

)

(1,001

)

1,036

 

250

 

381

 

1,036

 

381

 

Distributed income of equity investees

 

 

 

 

301

 

1,007

 

633

 

300

 

9

 

633

 

9

 

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

 

(1,211

)

(19

)

(2,483

)

(1,835

)

(1,698

)

(3,558

)

(1,439

)

(1,153

)

(3,558

)

(1,153

)

Fixed Charges

 

21,298

 

4,981

 

57,070

 

65,137

 

62,490

 

65,656

 

15,578

 

18,924

 

73,873

 

19,517

 

Earnings

 

62,777

 

(5,360

)

50,439

 

56,010

 

(65,802

)

(311,481

)

14,078

 

9,875

 

(311,481

)

9,875

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest expense

 

20,250

 

4,783

 

55,863

 

63,119

 

59,098

 

61,212

 

14,633

 

17,682

 

69,429

 

18,275

 

An estimate of the interest within rental expense

 

1,048

 

198

 

1,207

 

2,018

 

3,392

 

4,444

 

945

 

1,242

 

4,444

 

1,242

 

Fixed Charges

 

21,298

 

4,981

 

57,070

 

65,137

 

62,490

 

65,656

 

15,578

 

18,924

 

73,873

 

19,517

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ratio of earnings to fixed charges

 

2.95

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Deficiency to cover charges (2) 

 

 

10,341

 

6,631

 

9,127

 

128,292

 

377,137

 

1,500

 

9,049

 

385,354

 

9,642

 

 


(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.