EX-12.1 59 dex121.htm STATEMENTS RE: COMPUTATION OF RATIOS Statements re: Computation of Ratios

Exhibit 12.1

US Oncology, Inc.

Computation of Ratio of Earnings to Fixed Charges

 

                                   Pro Forma  
                                   Year     Six Months  
                                   Ended     Ended  
     Year Ended December 31,     Six Months Ended June 30,     December 31,     June 30,  
     2006     2007     2008     2008     2009     2008     2009  
                 (dollars in thousands)                    

Net income (loss) before income taxes

   71,922      18,252      (360,815   (370,237   (2,595   (376,060   (12,773

Less: Net income before taxes attributable to noncontrolling interests

   (2,388   (3,619   (3,324   (1,732   (1,703   (3,324   (1,703
                                          

Net income (loss) before income taxes attributable to the Company

   69,534      14,633      (364,139   (371,969   (4,298   (379,384   (14,476

Fixed Charges:

              

Interest expense incurred

   93,770      96,342      93,857      47,146      45,657      109,102      55,835   

Interest portion of lease expense

   26,033      29,349      32,607      15,913      17,220      32,607      17,220   
                                          

Total fixed charges

   119,803      125,691      126,464      63,059      62,877      141,709      73,055   

Net income before income taxes and fixed charges attributable to the Company

   189,337      140,324      (237,675   (308,910   58,579      (237,675   58,579   

Less: capitalized interest

   (900   (1,000   (1,100   (513   (551   (1,100   (551
                                          

Earnings

   188,437      139,324      (238,775   (309,423   58,028      (238,775   58,028   

Ratio of earnings to fixed charges

   1.6 x      1.1 x      N/A   N/A   N/A   N/A   N/A

Amount by which earnings before fixed charges insufficient to cover fixed charges

   —        —        (365,239   (372,482   (4,849   (380,484   (15,027

 

(1) The ratio of earnings to fixed charges was calculated by dividing (i) net income (loss) before income taxes and fixed charges by (ii) fixed charges which consist of interest expense incurred, including amortization of debt expense and discount, and one-third of rental expense, which approximates the interest portion of our rental expense.