EX-12.1 7 g76769exv12w1.txt COMPUTATION OF RATIOS EXHIBIT 12.1 LIFEPOINT HOSPITALS, INC. COMPUTATIONS OF RATIOS OF EARNINGS TO FIXED CHARGES (DOLLARS IN MILLIONS)
THREE MONTHS YEAR ENDED DECEMBER 31, ENDED MARCH 31, --------------------------------------------------------------- 1997 1998 1999 2000 2001 2002 --------------------------------------------------------------- EARNINGS: Income (loss) from continuing operations before minority interests, income taxes and extraordinary items $ 31.0 $ (25.6) $ (8.2) $ 35.3 $ 68.7 $ 26.6 Interest and amortization of deferred financing costs 15.4 19.1 23.4 30.7 21.1 4.4 Implicit rental interest expense 2.1 2.4 2.3 2.4 2.3 0.6 --------------------------------------------------------------- Total earnings 48.5 (4.1) 17.5 68.4 92.1 31.7 --------------------------------------------------------------- FIXED CHARGES: Interest and amortization of deferred financing costs 15.4 19.1 23.4 30.7 21.1 4.4 Implicit rental interest expense 2.1 2.4 2.3 2.4 2.3 0.6 Capitalized interest - - 1.0 0.3 0.7 0.2 --------------------------------------------------------------- 17.5 21.5 26.7 33.4 24.1 5.2 --------------------------------------------------------------- RATIO OF EARNINGS TO FIXED CHARGES 2.77 - 0.66 2.05 3.83 6.04 =============================================================== COVERAGE DEFICIENCY (1) $ (4.1)
(1)Earnings were inadequate to cover fixed charges. We needed additional earnings, as indicated by the coverage deficiency for 1998, to achieve a ratio of earnings to fixed charges of 1.0x.