EX-12 137 g85105exv12.txt EX-12 COMPUTATION OF RATIOS STATEMENT . . . ARDENT HEALTH SERVICES, INC. EXHIBIT 12.1 Computation of Ratio of Earnings to Fixed Charges (dollars in thousands)
Predecessor Company -------------------------------------------------- Pro Forma Pro Five Seven Six Forma Month Month Six Months Six Months Ended Year Year Period Period Months Ended June 30, Ended Ended Ended Ended Ended Year Ended June 30, June 30, ----------------- Dec. 31, Dec. 31, Dec. 31, July 31, Dec. 31, ------------------------------ 2003 2003 2002 2002 2002 2001 2001 2000 2000 1999 1998 -------- ------- ------- -------- -------- -------- -------- -------- ------- -------- ------- Income from continuing operations before income taxes...... $(3,693) $ 2,207 $10,022 $(3,650) $ 7,033 $4,276 $ 8,454 $2,861 $(8,665) $(59,218) $ 7,152 Fixed charges........ 17,817 11,917 2,326 34,840 5,820 1,900 3,149 4,869 11,261 9,902 8,996 Less interest capitalized....... -- -- -- (500) (500) -- -- -- -- -- -- ------- ------- ------- ------- ------- ------ ------- ------ ------- -------- ------- Earnings............. $14,124 $14,124 $12,348 $30,690 $12,353 $6,176 $11,603 $7,730 $ 2,596 $(49,316) $16,148 ======= ======= ======= ======= ======= ====== ======= ====== ======= ======== ======= Interest including amortization of debt issuance expense........... $14,972 $ 9,072 $ 1,378 $28,076 $ 2,751 $1,288 $ 2,488 $4,339 $10,062 $ 8,422 $ 7,702 Interest capitalized....... -- -- -- 500 500 -- -- -- -- -- -- Portion of rents representative of interest....... 2,845 2,845 948 6,264 2,569 612 661 530 1,199 1,480 1,294 ------- ------- ------- ------- ------- ------ ------- ------ ------- -------- ------- Fixed Charges........ $17,817 $11,917 $ 2,326 $34,840 $ 5,820 $1,900 $ 3,149 $4,869 $11,261 $ 9,902 $ 8,996 ======= ======= ======= ======= ======= ====== ======= ====== ======= ======== ======= Ratio of earnings to fixed charges.. -- 1.19x 5.31x -- 2.12x 3.25x 3.68x 1.58x -- -- 1.80x Amount by which earnings are inadequate to cover fixed charges........... $ 3,693 $ 4,150 $ 8,665 $ 59,218