Attached files
| file | filename |
|---|---|
| 10-K - FORM 10-K - GROUP 1 AUTOMOTIVE INC | h69517e10vk.htm |
| EX-31.1 - EX-31.1 - GROUP 1 AUTOMOTIVE INC | h69517exv31w1.htm |
| EX-23.1 - EX-23.1 - GROUP 1 AUTOMOTIVE INC | h69517exv23w1.htm |
| EX-32.1 - EX-32.1 - GROUP 1 AUTOMOTIVE INC | h69517exv32w1.htm |
| EX-21.1 - EX-21.1 - GROUP 1 AUTOMOTIVE INC | h69517exv21w1.htm |
| EX-31.2 - EX-31.2 - GROUP 1 AUTOMOTIVE INC | h69517exv31w2.htm |
| EX-32.2 - EX-32.2 - GROUP 1 AUTOMOTIVE INC | h69517exv32w2.htm |
| EX-10.26 - EX-10.26 - GROUP 1 AUTOMOTIVE INC | h69517exv10w26.htm |
| EX-10.35 - EX-10.35 - GROUP 1 AUTOMOTIVE INC | h69517exv10w35.htm |
| EX-10.36 - EX-10.36 - GROUP 1 AUTOMOTIVE INC | h69517exv10w36.htm |
| EX-10.49 - EX-10.49 - GROUP 1 AUTOMOTIVE INC | h69517exv10w49.htm |
| EX-10.48 - EX-10.48 - GROUP 1 AUTOMOTIVE INC | h69517exv10w48.htm |
Exhibit 12.1
Group 1 Automotive, Inc.
Ratios of Earnings to Fixed Charges
(dollars in thousands, unaudited)
Ratios of Earnings to Fixed Charges
(dollars in thousands, unaudited)
| For the year ended December 31, | ||||||||||||||||||||||||
| 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | |||||||||||||||||||
Earnings: |
||||||||||||||||||||||||
Pretax income |
$ | 54,851 | $ | (77,176 | ) | $ | 100,440 | $ | 137,185 | $ | 109,064 | $ | 46,121 | |||||||||||
Add: |
||||||||||||||||||||||||
Fixed charges |
81,370 | 109,069 | 108,265 | 96,366 | 75,433 | 60,906 | ||||||||||||||||||
Less: |
||||||||||||||||||||||||
Capitalized interest |
(233 | ) | (1,000 | ) | (2,011 | ) | (733 | ) | (1,301 | ) | (563 | ) | ||||||||||||
Total Earnings |
$ | 135,988 | $ | 30,893 | $ | 206,694 | $ | 232,818 | $ | 183,196 | $ | 106,464 | ||||||||||||
Fixed Charges: |
||||||||||||||||||||||||
Interest expense |
$ | 61,420 | $ | 83,160 | $ | 76,890 | $ | 64,542 | $ | 51,552 | $ | 40,035 | ||||||||||||
Estimated interest within rent
expense |
19,717 | 24,909 | 29,364 | 31,091 | 22,580 | 20,308 | ||||||||||||||||||
Capitalized interest |
233 | 1,000 | 2,011 | 733 | 1,301 | 563 | ||||||||||||||||||
Total Fixed Charges |
$ | 81,370 | $ | 109,069 | $ | 108,265 | $ | 96,366 | $ | 75,433 | $ | 60,906 | ||||||||||||
Ratio of Earnings to Fixed Charges |
1.7 | *0.3 | 1.9 | 2.4 | 2.4 | 1.7 | ||||||||||||||||||
| * | Due to a shortfall of $78,176 from losses incurred during 2008, the 2008 ratio of earnings to fixed charges was less than one-to-one coverage. |