Exhibit 12.1
Acadia Healthcare Company, Inc.
Computation of Ratio of Earnings to Fixed Charges
(Unaudited)
(Dollars in thousands)
| Year Ended December 31, | Three Months Ended March 31, |
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| 2011 | 2012 | 2013 | 2014 | 2015 | 2015 | 2016 | ||||||||||||||||||||||
| EARNINGS: |
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| (Loss) Income from continuing operations before income taxes |
$ | (38,466 | ) | $ | 32,829 | $ | 69,245 | $ | 126,154 | $ | 164,753 | $ | 21,205 | $ | 32,479 | |||||||||||||
| Fixed charges, exclusive of capitalized interest (a) |
10,338 | 31,360 | 39,281 | 50,758 | 113,365 | 23,346 | 40,696 | |||||||||||||||||||||
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| Earnings |
$ | (28,128 | ) | $ | 64,189 | $ | 108,526 | $ | 176,912 | $ | 278,118 | $ | 44,551 | $ | 73,175 | |||||||||||||
| FIXED CHARGES: |
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| Interest charged to expense (b) |
$ | 9,223 | $ | 29,792 | $ | 37,271 | $ | 48,318 | $ | 106,859 | $ | 22,169 | $ | 37,735 | ||||||||||||||
| Interest portion of rent expense (c) |
1,115 | 1,568 | 2,010 | 2,440 | 6,506 | 1,177 | 2,961 | |||||||||||||||||||||
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| Fixed charges, exclusive of capitalized interest |
10,338 | 31,360 | 39,281 | 50,758 | 113,365 | 23,346 | 40,696 | |||||||||||||||||||||
| Capitalized interest |
— | — | — | — | — | — | — | |||||||||||||||||||||
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| Total fixed charges |
$ | 10,338 | $ | 31,360 | $ | 39,281 | $ | 50,758 | $ | 113,365 | $ | 23,346 | $ | 40,696 | ||||||||||||||
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| Ratio of earnings to fixed charges |
n/a | 2.05x | 2.76x | 3.49x | 2.45x | 1.91x | 1.8x | |||||||||||||||||||||
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| Amount by which earnings are inadequate to cover fixed charges |
38,466 | n/a | n/a | n/a | n/a | n/a | n/a | |||||||||||||||||||||
| (a) | Calculated in fixed charges section below. |
| (b) | Interest charged to expense excludes interest income and includes amortization of debt issuance costs. |
| (c) | The interest portion of rent expense is estimated to be 20% of consolidated rent expense. |