EX-12.1 2 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

  Six
Months
Ended
June 30,
2006

  Year
Ended
December 31,
2006

  Six
Months
Ended
June 30,
2007

  Year
Ended
December 31,
2006

  Six
Months
Ended
June 30,
2007

 
 
   
  (dollars in thousands)

 
Net income (loss) before income taxes   48,257   37,107   32,912   27,023   45,084   (20,766 ) 21,534   (26,215 )

Fixed Charges:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 
Interest expense incurred   16,000   30,144   102,543   57,172   117,088   66,169   140,638   71,618  
Interest portion of lease expense   13,878   8,458   24,653   12,956   26,362   14,483   26,362   14,483  
Accretion of preferred stock dividends     10,768   22,168   9,761   20,104   11,415   20,104   11,415  
   
 
 
 
 
 
 
 
 
Total fixed charges   29,878   49,370   149,364   79,889   163,554   92,067   187,104   97,516  

Net income before income taxes and fixed charges

 

78,135

 

86,477

 

182,276

 

106,912

 

208,638

 

71,301

 

208,638

 

71,301

 

Ratio of earnings to fixed charges

 

2.6

x

1.8

x

1.2

x

1.3

x

1.3

x

N/A*

 

1.1

x

N/A*

 

(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.

*
For the six months ended June 30, 2007 and the corresponding pro forma period, earnings before fixed charges were insufficient to cover fixed charges by $20.8 million and $26.2 million, respectively.