EX-12 7 mv6-18_ex121.txt 12.1 EXHIBIT 12.1 RATIO OF EARNINGS TO FIXED CHARGES
Year ended January 31, Three months ---------------------------------------------------------------------- ended 1999 (1) 2000 (1) 2001 2002 2003 April 30, 2003 ---------- ------------ ------------- ------------ --------------- -------------- (In thousands, except ratios) Earnings - pre-tax income (loss) $121,148 $188,845 $267,963 $59,055 ($126,184) ($3,839) Minority interests in consolidated subsidiaries - - (1,945) (667) (1,570) (1,037) Income (loss) from equity investees - - 24,208 1,379 (775) 243 ---------- ------------ ------------- ------------ --------------- -------------- Pre-tax income (loss) before adjustment for minority interests in consolidated subsidiaries and income or loss from equity investees 121,148 188,845 245,700 58,343 (123,839) (3,045) Fixed charges: Rent 15,168 22,500 28,304 36,461 36,032 8,563 Assumed interest at 33.33% 5,056 7,500 9,435 12,154 12,011 2,854 Amortization of debt issuance costs 663 1,271 1,489 2,771 1,760 295 Interest expense 16,141 19,423 18,031 18,344 11,552 2,206 ---------- ------------ ------------- ------------ --------------- -------------- Total fixed charges 21,860 28,194 28,955 33,269 25,323 5,355 ========== ============ ============= ============ =============== ============== Earnings before fixed charges 143,008 217,039 274,655 91,612 (98,516) 2,310 ========== ============ ============= ============ =============== ============== Ratio of earnings to fixed charges 6.5 7.7 9.5 2.8 N/A N/A ========== ============ ============= ============ =============== ============== Earnings deficiency to cover fixed charges N/A N/A N/A N/A 123,839 3,045
(1) Includes the results of Loronix Information Systems, Inc. ("Loronix") for its fiscal year ended December 31. Loronix merged into our company in July 2000 and was accounted for pursuant to the pooling of interests method.