EX-12.1 5 ex12_1.htm EXHIBIT 12.1 ex12_1.htm
Exhibit 12.1

Air Methods Corporation
Ratio of Earnings to Fixed Charges
(dollars in thousands)

   
Year Ended December 31,
   
Nine Month Period Ended
 
   
2004(1)
   
2005
   
2006
   
2007
   
2008
   
September 30, 2009
 
Calculation of Earnings
                                   
Pre-Tax Income From Continuing Operations
  $ 19,454     $ 20,025     $ 30,344     $ 45,448     $ 30,478     $ 42,631  
Fixed Charges
    14,037       13,238       14,354       16,982       23,705       18,068  
Pre-Tax Income From Continuing Operations and Fixed Charges
  $ 33,491     $ 33,263     $ 44,698     $ 62,430     $ 54,183     $ 60,699  
Calculation of Fixed Charges
                                               
Interest Expense
  $ 7,856     $ 5,956     $ 5,821     $ 5,609     $ 5,197     $ 3,643  
Interest Factor in Rental Expense (2)
    6,181       7,282       8,533       11,373       18,508       14,425  
Total Fixed Charges
  $ 14,037     $ 13,238     $ 14,354     $ 16,982     $ 23,705     $ 18,068  
Ratio of Earnings to Fixed Charges
    2.39       2.51       3.11       3.68       2.29       3.36  
 
 
Notes
(1)
Pre-tax income from continuing operations for 2004 includes $14,090 for the pre-tax cumulative effect of a change in method of accounting for maintenance costs.
(2)
The portion of total rental expense that represents the interest factor is estimated to be 32%.