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Previous: TENET HEALTHCARE CORP, S-4, EX-4.20, 2000-09-13 |
Next: TENET HEALTHCARE CORP, S-4, EX-23.1, 2000-09-13 |
<PAGE>
EXHIBIT 12.1
TENET HEALTHCARE CORPORATION
STATEMENT RE: COMPUTATION OF
RATIO OF EARNINGS TO FIX CHARGES
(DOLLARS IN MILLIONS)
<TABLE>
<CAPTION>
FOR THE
YEAR ENDED MAY 31,
---------------------------------------------------------
1996 1997 1998 1999 2000
---------------------------------------------------------
<S> <C> <C> <C> <C> <C>
Income from continuing operations before income taxes $ 855 $ 26 $ 647 $ 474 $ 618
Less: Equity in earnings of unconsolidated affiliates 25 1 5 (3) 8
Add:
Cash dividends received from unconsolidated affiliates 6 5 4 4 8
Portion of rents representative of interest 76 79 89 91 90
Interest, net of capitalized portion 425 417 464 485 479
Amortization of previously capitalized interest 4 4 5 5 6
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Income, as adjusted 1,341 530 1,204 1,062 1,193
=========================================================
Fixed charges:
Interest, net of capitalized portion 425 417 464 485 479
Capitalized interest 11 12 16 20 20
Portion of rents representative of interest 76 79 89 91 90
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Total fixed charges $ 512 $ 508 $ 569 $ 596 $ 589
=========================================================
Ratio of earnings to fixed charges: 2.6X 1.0X 2.1X 1.8X 2.0X
</TABLE>
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