EX-12 6 dex12.txt COMPUTATION OF RATIO Exhibit 12 AMERISOURCEBERGEN CORPORATION CALCULATION OF RATIO OF EARNINGS TO FIXED CHARGES (1) (in thousands, except ratios)
Nine Months Year Ended Ended September 30, 2000 June 30, 2001 ------------------ ------------- Determination of earnings: Income from continuing operations before taxes and distributions on preferred securities of subsidiary trust $262,263 $322,807 Adjustments: Interest expense 158,157 126,767 Estimated interest portion of rent expense 19,521 14,515 -------------- ---------------- Total earnings as defined $439,941 $464,089 ============== ================ Fixed charges: Interest expense and distributions on preferred securities of subsidiary trust (2) $183,853 $145,487 Estimated interest portion of rent expense 19,521 14,515 -------------- ---------------- Total fixed charges $203,374 $160,002 ============== ================ Ratio of earnings to fixed charges 2.2 2.9 ============== ================
(1) The ratios of earnings to fixed charges for AmerisourceBergen were calculated using summary unaudited pro forma consolidated statement of operations data for the year ended September 30, 2000, and nine months ended June 30, 2001. The summary unaudited pro forma consolidated statement of operations data used in the calculations were prepared under the purchase method of accounting as if the merger between AmeriSource and Bergen and the related financing transactions had been completed on October 1, 1999. We have included this information only for purposes of illustration, and it does not necessarily indicate what the ratios of earnings to fixed charges would have been if the merger and the related financing transactions had been completed on October 1, 1999. Moreover, this information does not necessarily indicate what the future ratios of earnings to fixed charges will be. You should read this exhibit in conjuction with the "AmerisourceBergen Corporation Unaudited Pro Forma Consolidated Condensed Financial Information" included herein. (2) For financial statement purposes, interest expense includes income earned on temporary investment of excess funds and amortization of deferred financing fees.