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UNH » Topics » Computation of Ratio of Earnings to Fixed Charges

This excerpt taken from the UNH 10-Q filed May 7, 2009.

Computation of Ratio of Earnings to Fixed Charges

Dollars in millions

 

     Three Months Ended
March 31,
         2009            2008    

Earnings:

      

Earnings before income taxes

    $ 1,537    $ 1,559

Add back:

      

Fixed charges

      155      172
             

Total earnings available for fixed charges

    $ 1,692    $ 1,731
             

Fixed Charges:

      

Interest, capitalized and expensed

    $ 131    $ 154

Interest component of rental payments

      24      18
             

Total fixed charges

    $ 155    $ 172
             

Ratio of earnings to fixed charges

      10.9      10.1
             

The ratio of earnings to fixed charges is computed by dividing total earnings available for fixed charges by the fixed charges. For purposes of computing this ratio, fixed charges consist of interest expense including amounts capitalized plus the interest factor in rental expense.

This excerpt taken from the UNH 10-K filed Feb 11, 2009.

Computation of Ratio of Earnings to Fixed Charges

Dollars in millions

 

     December 31,
2008		    December 31,
2007		    December 31,
2006		    December 31,
2005		    December 31,
2004

Earnings:

               

Earnings before income taxes

    $ 5,263    $ 7,849    $ 6,984    $ 5,080    $ 3,858

Add back:

               

Fixed charges

      718      629      533      294      168
                                  

Total earnings available for fixed charges

    $ 5,981    $ 8,478    $ 7,517    $ 5,374    $ 4,026
                                  

Fixed Charges:

               

Interest, capitalized and expensed

    $ 639    $ 562    $ 470    $ 248    $ 132

Interest component of rental payments

      79      67      63      46      36
                                  

Total fixed charges

    $ 718    $ 629    $ 533    $ 294    $ 168
                                  

Ratio of earnings to fixed charges

      8.3      13.5      14.1      18.3      24.0
                                  

The ratio of earnings to fixed charges is computed by dividing total earnings available for fixed charges by the fixed charges. For purposes of computing this ratio, fixed charges consist of interest expense including amounts capitalized plus the interest factor in rental expense.

This excerpt taken from the UNH 10-Q filed Nov 7, 2008.

Computation of Ratio of Earnings to Fixed Charges

Dollars in millions

 

     Nine Months Ended
September 30,
     2008    2007

Earnings:

      

Earnings before income taxes

    $ 3,500    $ 5,420

Add back:

      

Fixed charges

      544      441
             

Total earnings available for fixed charges

    $ 4,044    $ 5,861
             

Fixed Charges:

      

Interest, capitalized and expensed

    $ 484    $ 391

Interest component of rental payments

      60      50
             

Total fixed charges

    $ 544    $ 441
             

Convertible preferred stock dividends

      —      —
             

Total fixed charges and preferred stock dividends

    $ 544    $ 441
             

Ratio of earnings to fixed charges

      7.4      13.3
             

Ratio of earnings to fixed charges and preferred stock dividends

      7.4      13.3
             

The ratio of earnings to fixed charges is computed by dividing total earnings available for fixed charges by the fixed charges. For purposes of computing this ratio, fixed charges consist of interest expense including amounts capitalized plus the interest factor in rental expense.

This excerpt taken from the UNH 10-Q filed Aug 7, 2008.

Computation of Ratio of Earnings to Fixed Charges

Dollars in millions

 

     Six Months Ended June 30,
     2008      2007

Earnings:

        

Earnings before income taxes

    $ 2,068      $ 3,407

Add back:

        

Fixed charges

      357        281
               

Total earnings available for fixed charges

    $ 2,425      $ 3,688
               

Fixed Charges:

        

Interest, capitalized and expensed

    $ 318      $ 249

Interest component of rental payments

      39        32
               

Total fixed charges

    $ 357      $ 281
               

Convertible preferred stock dividends

      —          —  

Total fixed charges and preferred stock dividends

    $ 357      $ 281
               

Ratio of earnings to fixed charges

      6.8        13.1
               

Ratio of earnings to fixed charges and preferred stock dividends

      6.8        13.1
               

The ratio of earnings to fixed charges is computed by dividing total earnings available for fixed charges by the fixed charges. For purposes of computing this ratio, fixed charges consist of interest expense including amounts capitalized plus the interest factor in rental expense.

This excerpt taken from the UNH 10-Q filed May 2, 2008.

Computation of Ratio of Earnings to Fixed Charges

Dollars in millions

 

     Three Months Ended March 31,
     2008    2007

Earnings:

      

Earnings before income taxes

    $ 1,559    $ 1,466

Add back:

      

Fixed charges

      172      131
             

Total earnings available for fixed charges

    $ 1,731    $ 1,597
             

Fixed Charges:

      

Interest, capitalized and expensed

    $ 154    $ 116

Interest component of rental payments

      18      15
             

Total fixed charges

    $ 172    $ 131
             

Convertible preferred stock dividends

      —        —  

Total fixed charges and preferred stock dividends

    $ 172    $ 131
             

Ratio of earnings to fixed charges

      10.1      12.2
             

Ratio of earnings to fixed charges and preferred stock dividends

      10.1      12.2
             

The ratio of earnings to fixed charges is computed by dividing total earnings available for fixed charges by the fixed charges. For purposes of computing this ratio, fixed charges consist of interest expense including amounts capitalized plus the interest factor in rental expense.

This excerpt taken from the UNH 10-K filed Feb 21, 2008.

Computation of Ratio of Earnings to Fixed Charges

Dollars in millions

 

     December 31,
2007		    December 31,
2006		    December 31,
2005		    December 31,
2004		    December 31,
2003

Earnings:

               

Earnings from Continuing Operations

    $ 7,849    $ 6,984    $ 5,080    $ 3,858    $ 2,671

Add back:

               

Fixed charges

      629      533      294      168      137
                                  

Total earnings

    $ 8,478    $ 7,517    $ 5,374    $ 4,026    $ 2,808
                                  

Fixed Charges:

               

Interest, capitalized and expensed

    $ 544    $ 456    $ 241    $ 128    $ 95

Interest component of rental payments

      67      63      46      36      40

Amortization of debt discount and debt expense

      18      14      7      4      2
                                  

Total fixed charges

    $ 629    $ 533    $ 294    $ 168    $ 137
                                  

Ratio of Earnings to Fixed Charges

      13.5      14.1      18.3      24.0      20.5
                                  

For purposes of computing this ratio, earnings represent income from continuing operations. Fixed charges represent interest expense including amounts capitalized plus the interest factor in rental expense.

This excerpt taken from the UNH 10-Q filed Nov 1, 2007.

Computation of Ratio of Earnings to Fixed Charges

Dollars in millions

 

    

    Nine Months Ended September 30,    

     2007   

2006

Earnings:

      

Earnings from Continuing Operations

    $ 5,811    $ 5,003

Add back:

      

Fixed charges

      456      382
             

Total earnings

    $ 6,267    $ 5,385
             

Fixed Charges:

      

Interest, capitalized and expensed

    $ 391    $ 327

Interest component of rental payments

      50      47

Amortization of debt discount and debt expense

      15      8
             

Total fixed charges

    $ 456    $ 382
             

Ratio of Earnings to Fixed Charges

      13.7      14.1
             

For purposes of computing this ratio, earnings represent income from continuing operations. Fixed charges represent interest expense including amounts capitalized plus the interest factor in rental expense.

This excerpt taken from the UNH 10-Q filed Aug 6, 2007.

Computation of Ratio of Earnings to Fixed Charges

Dollars in millions

 

    

Six Months Ended June 30,

     2007   

2006

Earnings:

      

Earnings from Continuing Operations

    $ 3,656    $ 3,140

Add back:

      

Fixed charges

   

 

291

   

 

234

             

Total earnings

    $ 3,947    $ 3,374
             

Fixed Charges:

      

Interest, capitalized and expensed

    $ 249    $ 198

Interest component of rental payments

   

 

32

   

 

31

Amortization of debt discount and debt expense

   

 

10

   

 

5

             

Total fixed charges

    $ 291    $ 234
             

Ratio of Earnings to Fixed Charges

   

 

13.6

   

 

14.4

             

For purposes of computing this ratio, earnings represent income from continuing operations. Fixed charges represent interest expense including amounts capitalized plus the interest factor in rental expense.

EXCERPTS ON THIS PAGE:

10-Q
May 7, 2009
10-K
Feb 11, 2009
10-Q
Nov 7, 2008
10-Q
Aug 7, 2008
10-Q
May 2, 2008
10-K
Feb 21, 2008
10-Q
Nov 1, 2007
10-Q
Aug 6, 2007

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