EX-12.1 3 g93779exv12w1.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, -------------------------------------------------------------- 2004 2003 2002 2001 2000 (a) ------- ------- ------- ---------- ------------- Earnings: Income from continuing operations before income taxes $27,452 $ 9,041 $ 4,677 $ 990 $ (528) Fixed charges 21,219 15,792 5,782 2,742 1,817 ------- ------- ------- ---------- ------------- $48,671 $24,833 $10,459 $ 3,732 $ 1,289 ======= ======= ======= ========== ============= Fixed charges: Interest expense $18,964 $14,781 $ 5,564 $ 2,660 $ 1,723 Interest portion of rental expense 2,255 1,011 218 82 94 ------- ------- ------- ---------- ------------- $21,219 $15,792 $ 5,782 $ 2,742 $ 1,817 ======= ======= ======= ========== ============= Ratio of earnings to fixed charges 2.29 1.57 1.81 1.36 - ======= ======= ======= ========== =============
(a) Our earnings were insufficient to cover our fixed charges by $528 for the year ended December 31, 2000.