EX-12.1 3 a2178750zex-12_1.htm EXHIBIT 12.1

Exhibit 12.1

US Oncology Holdings, Inc.
Computation of Ratio of Earnings to Fixed Charges

 
  Predecessor
  Successor
  Pro Forma
 
 
  Period from
January 1,
2004 through
August 20,
2004

  Period from
August 21,
2004 through
December 31,
2004

  Year
Ended
December 31,
2005

  Three
Months
Ended
March 31,
2006

  Year
Ended
December 31,
2006

  Three
Months
Ended
March 31,
2007

  Year
Ended
December 31,
2006

  Three
Months
Ended
March 31,
2007

 
 
   
  (dollars in thousands)

 
Net income (loss) before income taxes   48,257   37,107   32,912   13,053   45,084   (16,195 ) 11,852   (7,078 )

Fixed Charges:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 
Interest expense incurred   16,000   30,144   102,543   27,458   117,088   31,025   137,403   34,825  
Interest portion of lease expense   13,878   8,458   24,653   6,703   26,362   7,335   26,362   7,335  
Accretion of preferred stock dividends     10,768   22,168   4,811   20,104   5,805   20,104   5,805  
   
 
 
 
 
 
 
 
 
Total fixed charges   29,878   49,370   149,364   38,972   163,554   44,165   183,869   47,965  

Net income before income taxes and fixed charges

 

78,135

 

86,477

 

182,276

 

52,025

 

208,638

 

27,970

 

195,721

 

40,887

 

Ratio of earnings to fixed charges

 

2.6

x

1.8

x

1.2

x

1.3

x

1.3

x

0.6

x

1.1

x

0.9

x

(1)
The ratio of earnings to fixed charges was calculated by dividing (i) net income (loss) before income taxes and fixed charges by (ii) fixed charges which consist of interest expense incurred, including amortization of debt expense and discount, one-third of rental expense, which approximates the interest portion of our rental expense, and accretion of preferred stock dividends.