EX-12.1 14 myl_ex121x20131231-10k.htm EXHIBIT MYL_EX12.1_2013.12.31-10K


EXHIBIT 12.1

Mylan Inc.
Statement of Computation of Ratios of Earnings to Fixed Charges and Preferred Stock Dividends

 
 
Year Ended
(In thousands), except for ratios
2013
 
2012
 
2011
 
2010
 
2009
 
 
 
 
 
 
 
 
 
 
 
Earnings before income taxes and non-controlling interest
$
747,340

 
$
804,079

 
$
654,636

 
$
355,944

 
$
226,975

 
Add: Loss from equity affiliates
22,414

 
16,865

 

 
22

 
(1,196
)
 
Add: Fixed charges
326,823

 
321,786

 
348,032

 
342,851

 
330,018

 
Add: Amortization of capitalized interest

 

 

 

 
351

 
Total earnings
$
1,096,577

 
$
1,142,730

 
$
1,002,668

 
$
698,817

 
$
556,148

 
 
 
 
 
 
 
 
 
 
 
Fixed charges:
 
 
 
 
 
 
 
 
 
 
Interest expensed
$
313,336

 
$
308,699

 
$
335,944

 
$
331,462

 
$
318,496

 
Appropriate portion of rentals
13,487

 
13,087

 
12,088

 
11,389

 
11,522

 
Total fixed charges
$
326,823

 
$
321,786

 
$
348,032

 
$
342,851

 
$
330,018

 
 
 
 
 
 
 
 
 
 
 
Ratio of earnings to fixed charges
3.36

 
3.55

 
2.88

 
2.04

 
1.69

 
 
 
 
 
 
 
 
 
 
Earnings before income taxes and non-controlling interest
$
747,340

 
$
804,079

 
$
654,636

 
$
355,944

 
$
226,975

 
Add: Loss from equity affiliates
22,414

 
16,865

 

 
22

 
(1,196
)
 
Add: Fixed charges and preferred stock dividends
326,823

 
321,786

 
348,032

 
468,045

 
469,053

 
Add: Amortization of capitalized interest

 

 

 

 
351

 
Total earnings
$
1,096,577

 
$
1,142,730

 
$
1,002,668

 
$
824,011

 
$
695,183

 
 
 
 
 
 
 
 
 
 
 
Fixed charges:
 
 
 
 
 
 
 
 
 
 
Interest expensed
$
313,336

 
$
308,699

 
$
335,944

 
$
331,462

 
$
318,496

 
Appropriate portion of rentals
13,487

 
13,087

 
12,088

 
11,389

 
11,522

 
Preferred stock dividend requirement

 

 

 
125,194

 
139,035

 
Total fixed charges and preferred stock dividends
$
326,823

 
$
321,786

 
$
348,032

 
$
468,045

 
$
469,053

 
 
 
 
 
 
 
 
 
 
 
Ratio of earnings to fixed charges and preferred stock dividends
3.36

 
3.55

 
2.88

 
1.76

 
1.48