Attached files
| file | filename |
|---|---|
| 10-K - FORM 10-K - TravelCenters of America Inc. /MD/ | a2196593z10-k.htm |
| EX-3.2 - EXHIBIT 3.2 - TravelCenters of America Inc. /MD/ | a2196593zex-3_2.htm |
| EX-4.1 - EXHIBIT 4.1 - TravelCenters of America Inc. /MD/ | a2196593zex-4_1.htm |
| EX-21.1 - EXHIBIT 21.1 - TravelCenters of America Inc. /MD/ | a2196593zex-21_1.htm |
| EX-32.1 - EXHIBIT 32.1 - TravelCenters of America Inc. /MD/ | a2196593zex-32_1.htm |
| EX-23.1 - EXHIBIT 23.1 - TravelCenters of America Inc. /MD/ | a2196593zex-23_1.htm |
| EX-31.1 - EXHIBIT 31.1 - TravelCenters of America Inc. /MD/ | a2196593zex-31_1.htm |
| EX-31.2 - EXHIBIT 31.2 - TravelCenters of America Inc. /MD/ | a2196593zex-31_2.htm |
| EX-10.16 - EXHIBIT 10.16 - TravelCenters of America Inc. /MD/ | a2196593zex-10_16.htm |
| EX-10.13 - EXHIBIT 10.13 - TravelCenters of America Inc. /MD/ | a2196593zex-10_13.htm |
| EX-10.25 - EXHIBIT 10.25 - TravelCenters of America Inc. /MD/ | a2196593zex-10_25.htm |
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Statement of Computation of Ratio of Earnings to Fixed Charges
| |
Company | Predecessor | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| |
Year Ended December 31, |
|
|
Year Ended December 31, |
|||||||||||||||
| |
Eleven Months Ended December 31, 2007(3) |
One Month Ended January 31, 2007 |
|||||||||||||||||
| |
2009 | 2008 | 2006 | 2005(4) | |||||||||||||||
| |
(in 000's, except ratio amounts) |
||||||||||||||||||
Pre-tax income (loss) from continuing operations |
$ | (88,973 | ) | $ | (39,466 | ) | $ | (102,002 | ) | $ | (62,518 | ) | $ | 49,310 | $ | 214 | |||
Income from equity investees |
386 |
1,383 |
887 |
— |
— |
— |
|||||||||||||
Fixed charges |
95,384 | 93,507 | 80,929 | 5,819 | 55,842 | 54,769 | |||||||||||||
Amortization of capitalized interest |
— | — | — | 7 | 24 | — | |||||||||||||
Capitalized interest |
— | — | — | — | (515 | ) | (312 | ) | |||||||||||
Total earnings |
$ |
6,025 |
$ |
52,658 |
$ |
(21,960 |
) |
$ |
(56,692 |
) |
$ |
105,691 |
$ |
55,295 |
|||||
Interest expense(1) |
$ |
14,474 |
$ |
12,999 |
$ |
15,420 |
$ |
5,345 |
$ |
49,637 |
$ |
49,097 |
|||||||
Estimated interest within rent expense(2) |
80,910 | 80,508 | 65,509 | 474 | 5,690 | 5,360 | |||||||||||||
Capitalized interest |
— | — | — | — | 515 | 312 | |||||||||||||
Total fixed charges |
$ |
95,384 |
$ |
93,507 |
$ |
80,929 |
$ |
5,819 |
$ |
55,842 |
$ |
54,769 |
|||||||
Ratio of earnings to fixed charges |
— |
— |
— |
— |
1.89 |
1.01 |
|||||||||||||
Deficiency of earnings available to cover fixed charges |
$ |
(89,359 |
) |
$ |
(40,849 |
) |
$ |
(102,889 |
) |
$ |
(62,511 |
) |
$ |
— |
$ |
— |
|||
- (1)
- Includes
interest expense and amortization of premiums, discounts and capitalized expenses related to indebtedness.
- (2)
- Estimated
interest within rent expense includes one-third of rental expense, which approximates the interest component of
operating leases.
- (3)
- Includes
the operating results of Petro Stopping Centers, L.P. since our acquisition of Petro Stopping Centers, L.P., which was
completed on May 30, 2007.
- (4)
- In connection with a refinancing our predecessor completed during 2005, our predecessor recognized expenses of $39.6 million.
Statement of Computation of Ratio of Earnings to Fixed Charges