EX-12.1 5 g87995exv12w1.txt EX-12.1 COMPUTATION OF RATIO OF EARNINGS Exhibit 12.1 PSYCHIATRIC SOLUTIONS, INC. COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES (Unaudited) (Dollars in thousands)
YEAR ENDED DECEMBER 31, ------------------------------------------------ 2003 2002 2001 2000 (a) 1999 (a) ------- ------- ------- -------- -------- Earnings: Income from continuing operations before income taxes $ 9,001 $ 4,677 $ 990 $ (528) $(2,593) Fixed charges 15,808 5,782 2,742 1,817 433 ------- ------- ------- ------- ------- $24,809 $10,459 $ 3,732 $ 1,289 $(2,160) ======= ======= ======= ======= ======= Fixed charges: Interest expense $14,781 $ 5,564 $ 2,660 $ 1,723 $ 371 Interest portion of rental expense 1,027 218 82 94 62 ------- ------- ------- ------- ------- $15,808 $ 5,782 $ 2,742 $ 1,817 $ 433 ======= ======= ======= ======= ======= Ratio of earnings to fixed charges 1.57 1.81 1.36 -- -- ======= ======= ======= ======= =======
(a) Our earnings were insufficient to cover our fixed charges by $528 and $2,593 for the years ended December 31, 2000 and 1999, respectively.