EX-12.1 13 myl_ex121x20141231-10k.htm EXHIBIT 12.1 MYL_EX12.1_2014.12.31-10K


EXHIBIT 12.1

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

 
Year Ended December 31,
(In millions, except for ratios)
2014
 
2013
 
2012
 
2011
 
2010
 
 
 
 
 
 
 
 
 
 
Earnings before income taxes and non-controlling interest
$
974.5

 
$
747.3

 
$
804.2

 
$
654.6

 
$
355.9

Add: Loss from equity affiliates
91.4

 
22.4

 
16.9

 

 

Add: Fixed charges
348.3

 
326.8

 
321.8

 
348.0

 
342.9

Total earnings
$
1,414.2

 
$
1,096.5

 
$
1,142.9

 
$
1,002.6

 
$
698.8

 
 
 
 
 
 
 
 
 
 
Fixed charges:
 
 
 
 
 
 
 
 
 
Interest expensed
$
333.2

 
$
313.3

 
$
308.7

 
$
335.9

 
$
331.5

Appropriate portion of rentals
15.1

 
13.5

 
13.1

 
12.1

 
11.4

Total fixed charges
$
348.3

 
$
326.8

 
$
321.8

 
$
348.0

 
$
342.9

 
 
 
 
 
 
 
 
 
 
Ratio of earnings to fixed charges
4.06

 
3.36

 
3.55

 
2.88

 
2.04

 
 
 
 
 
 
 
 
 
 
Earnings before income taxes and non-controlling interest
$
974.5

 
$
747.3

 
$
804.2

 
$
654.6

 
$
355.9

Add: Loss from equity affiliates
91.4

 
22.4

 
16.9

 

 

Add: Fixed charges and preferred stock dividends
348.3

 
326.8

 
321.8

 
348.0

 
468.1

Total earnings
$
1,414.2

 
$
1,096.5

 
$
1,142.9

 
$
1,002.6

 
$
824.0

 
 
 
 
 
 
 
 
 
 
Fixed charges:
 
 
 
 
 
 
 
 
 
Interest expensed
$
333.2

 
$
313.3

 
$
308.7

 
$
335.9

 
$
331.5

Appropriate portion of rentals
15.1

 
13.5

 
13.1

 
12.1

 
11.4

Preferred stock dividend requirement

 

 

 

 
125.2

Total fixed charges and preferred stock dividends
$
348.3

 
$
326.8

 
$
321.8

 
$
348.0

 
$
468.1

 
 
 
 
 
 
 
 
 
 
Ratio of earnings to fixed charges and preferred stock dividends
4.06

 
3.36

 
3.55

 
2.88

 
1.76