EXHIBIT 12.1
Magellan Health, Inc.
Computation of Ratio of Earnings to Fixed Charges
(In millions, except ratio data)
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Six Months |
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Years Ended December 31, |
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2017 |
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2016 |
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2015 |
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2014 |
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2013 |
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2012 |
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Fixed charges: |
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Capitalized interest credit |
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$ |
0.5 |
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$ |
0.5 |
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$ |
0.1 |
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$ |
1.9 |
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$ |
— |
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$ |
0.3 |
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Interest factor in rent expense |
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0.4 |
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0.6 |
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0.6 |
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0.6 |
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0.6 |
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0.8 |
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Other interest and fixed charges |
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8.4 |
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9.6 |
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6.2 |
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3.4 |
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2.3 |
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1.5 |
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Total fixed charges |
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$ |
9.3 |
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$ |
10.7 |
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$ |
6.9 |
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$ |
5.9 |
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$ |
2.9 |
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$ |
2.6 |
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Earnings available for fixed charges: |
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Earnings before income taxes |
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$ |
39.9 |
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$ |
145.5 |
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$ |
71.1 |
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$ |
117.9 |
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$ |
165.2 |
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$ |
188.9 |
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Add: non-controlling interest loss |
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0.9 |
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2.1 |
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2.7 |
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5.2 |
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— |
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— |
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Add: capitalized interest expense |
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0.6 |
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0.6 |
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0.4 |
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0.9 |
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0.7 |
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0.7 |
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Add: fixed charges |
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9.3 |
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10.7 |
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6.9 |
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5.9 |
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2.9 |
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2.6 |
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Less: capitalized interest credit |
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0.5 |
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0.5 |
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0.1 |
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1.9 |
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— |
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0.3 |
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Total earnings available for fixed charges |
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$ |
50.2 |
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$ |
158.4 |
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$ |
81.0 |
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$ |
128.0 |
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$ |
168.8 |
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$ |
191.9 |
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Ratio of earnings to fixed charges |
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5.4 |
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14.8 |
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11.7 |
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21.7 |
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58.2 |
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73.8 |
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