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STREAMLINE HEALTH SOLUTIONS, INC.
RATIO OF EARNINGS TO COMBINED FIXED CHARGES AND PREFERRED STOCK DIVIDENDS
| Year Ended January 31, | Six Months Ended July 31, | ||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2009 | 2010 | 2011 | 2012 | 2013 | 2012 | 2013 | |||||||||||||||
| (in thousands) | (in thousands) | ||||||||||||||||||||
Fixed charges | ||||||||||||||||||||||
Interest expensed | $ | 24.4 | $ | 43.8 | $ | 116.4 | $ | 178.5 | $ | 1,957.0 | $ | 599.0 | $ | 1,154.4 | ||||||||
Interest capitalized | — | — | — | — | — | — | — | |||||||||||||||
Amortized premiums, discounts and capitalized expenses related to indebtedness | — | — | — | — | — | — | — | |||||||||||||||
Estimate of the interest within rental expense(1) | 133.5 | 132.3 | 151.0 | 186.8 | 352.8 | 162.4 | 186.0 | |||||||||||||||
Preference security dividend requirements of consolidated subsidiaries(2) | — | — | — | — | 176.0 | — | 357.1 | |||||||||||||||
Total fixed charges | $ | 157.9 | $ | 176.1 | $ | 267.4 | $ | 365.3 | $ | 2,485.8 | $ | 761.4 | $ | 1,697.5 | ||||||||
Earnings | ||||||||||||||||||||||
Earnings (loss) before income taxes | $ | (1,363.3 | ) | $ | 1,328.6 | $ | (1,933.6 | ) | $ | 36.9 | $ | (8,267.3 | ) | $ | 61.4 | $ | (3,374.4 | ) | ||||
Add back: Fixed charges | 157.9 | 176.1 | 267.4 | 365.3 | 2,485.8 | 761.4 | 1,697.5 | |||||||||||||||
Less: Interest capitalized | — | — | — | — | — | — | — | |||||||||||||||
Total earnings (loss) | $ | (1,205.4 | ) | $ | 1,504.7 | $ | (1,666.2 | ) | $ | 402.2 | $ | (5,781.5 | ) | $ | 822.8 | $ | (1,676.9 | ) | ||||
Ratio of earnings to fixed charges(3) | * | 8.5 | * | 1.1 | * | 1.1 | * |
- (1)
- Estimate of the interest expense within rental expense represents one-third (1/3) of our rental expense for the period presented.
- (2)
- Represents deemed dividends on preferred stock for the period presented.
- (3)
- The deficiency of earnings to fixed charges are (in thousands): $1,363.3 for the year ended January 31, 2009; $1,933.6 for the year ended January 31, 2011; $8,267.3 for the year ended January 31, 2013; and $3,374.4 for the six months ended July 31, 2013.