EX-12.1 26 y51284ex12-1.txt STATEMENT RE COMPUTATION OF RATIOS 1 Exhibit 12.1 Fresenius Medical Care AG (US dollars in thousands) Ratio of combined fixed charges and Preference share dividends to earnings
3 Months 3 Months December 31, 3/31/01 3/31/00 2000 1999 1998 1997 1996 ------- ------- ------- ------- ------- ------- ------- Earnings EBT 104,526 89,995 404,708 (258,910) 269,437 207,388 144,702 Fixed Charges 59,236 61,567 238,843 236,626 236,795 200,895 64,750 Adjustments (438) (438) (1,752) (771) (1,265) (1,069) (851) TOTAL EARNINGS 163,324 151,124 641,799 (23,055) 504,967 407,214 208,601 Fixed Charges Interest expense 55,618 58,429 225,516 226,218 228,182 193,860 61,475 Capitalized interest 301 301 1,205 224 221 51 638 Portion of rent expense- interest factor (6%) 3,180 2,700 11,575 9,637 7,348 5,966 2,424 Other 137 137 547 547 1,044 1,018 213 TOTAL FIXED CHARGES 59,236 61,567 238,843 236,626 236,795 200,895 64,750 Preferred stock dividend requirements -- -- -- -- 11,958 10,771 974 COMBINED FIXED CHARGES AND PREFERENCE SHARE DIVIDENDS 59,236 61,567 238,843 236,626 248,753 211,666 65,724 RATIO FIXED CHARGES 0.4 0.4 0.4 (Note 1) 0.5 0.5 0.3
(Note 1)- Earnings were deficient in covering fixed charges by $260 million for the year ended 1999.