United Healthcare 2009 Annual Report Download - page 121

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EXHIBIT 12.1
Computation of Ratio of Earnings to Fixed Charges
December 31,
2009
December 31,
2008
December 31,
2007
December 31,
2006
December 31,
2005
Earnings:
Earnings before income taxes ...... $6,359 $5,263 $7,849 $6,984 $5,080
Add back: ......................
Fixed charges ............... 642 718 629 533 294
Total earnings available for
fixed charges ......... $7,001 $5,981 $8,478 $7,517 $5,374
Fixed Charges:
Interest, capitalized and expensed . . . $ 551 $ 639 $ 562 $ 470 $ 248
Interest component of rental
payments .................... 91 79 67 63 46
Total fixed charges ....... $ 642 $ 718 $ 629 $ 533 $ 294
Ratio of earnings to fixed charges ....... 10.9 8.3 13.5 14.1 18.3
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 plus the interest
factor in rental expense.