EX-12 5 s-3_ex12.txt COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES EXHIBIT 12 Medicis Pharmaceutical Corporation Computation of Ratios of Earnings to Fixed Charges (dollar amounts in thousands)
Nine Months Ended Year Ended June 30, March 31, 1997 1998 1999 2000 2001 2002 ------------------------------------------------------------------ Consolidated pretax income from continuing operations $16,651 $2,017 $65,640 $67,382 $59,325 $61,465 Add: Interest on indebtedness 27 24 1,825 2,246 1,263 359 Interest portion of rental expense 290 446 709 1,131 1,538 1,161 Amortization of debt issuance costs -- -- -- -- -- -- ------------------------------------------------------------------ Income as adjusted 16,968 2,487 68,174 70,759 62,126 62,985 Fixed charges: Interest on indebtedness 27 24 1,825 2,246 1,263 359 Interest portion of rental expense 290 446 709 1,131 1,538 1,161 Amortization of debt issuance costs -- -- -- -- -- -- ------------------------------------------------------------------ Fixed charges 317 470 2,534 3,377 2,801 1,520 Ratio of earnings to fixed charges 53.5 5.3 26.9 21.0 22.2 41.4