EX-12.1 4 a2025182zex-12_1.txt EXHIBIT 12.1 EXHIBIT 12.1 TENET HEALTHCARE CORPORATION STATEMENT RE: COMPUTATION OF RATIO OF EARNINGS TO FIX CHARGES (DOLLARS IN MILLIONS)
FOR THE YEAR ENDED MAY 31, --------------------------------------------------------- 1996 1997 1998 1999 2000 --------------------------------------------------------- Income from continuing operations before income taxes $ 855 $ 26 $ 647 $ 474 $ 618 Less: Equity in earnings of unconsolidated affiliates 25 1 5 (3) 8 Add: Cash dividends received from unconsolidated affiliates 6 5 4 4 8 Portion of rents representative of interest 76 79 89 91 90 Interest, net of capitalized portion 425 417 464 485 479 Amortization of previously capitalized interest 4 4 5 5 6 --------------------------------------------------------- Income, as adjusted 1,341 530 1,204 1,062 1,193 ========================================================= Fixed charges: Interest, net of capitalized portion 425 417 464 485 479 Capitalized interest 11 12 16 20 20 Portion of rents representative of interest 76 79 89 91 90 --------------------------------------------------------- Total fixed charges $ 512 $ 508 $ 569 $ 596 $ 589 ========================================================= Ratio of earnings to fixed charges: 2.6X 1.0X 2.1X 1.8X 2.0X