LKQ CORP - FORM 10-K - EX-12.1 - COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES - February 26, 2010

Attached files

file	filename
10-K - FORM 10-K - LKQ CORP	d10k.htm
EX-21.1 - LIST OF SUBSIDIARIES, JURISDICTIONS AND ASSUMED NAMES - LKQ CORP	dex211.htm
EX-31.1 - CERTIFICATION OF CHIEF EXECUTIVE OFFICER - LKQ CORP	dex311.htm
EX-32.2 - CERTIFICATION OF CHIEF FINANCIAL OFFICER - LKQ CORP	dex322.htm
EX-32.1 - CERTIFICATION OF CHIEF EXECUTIVE OFFICER - LKQ CORP	dex321.htm
EX-31.2 - CERTIFICATION OF CHIEF FINANCIAL OFFICER - LKQ CORP	dex312.htm
EX-23.1 - CONSENT OF DELOITTE & TOUCHE LLP. - LKQ CORP	dex231.htm

EXHIBIT 12.1

LKQ CORPORATION AND SUBSIDIARIES

Computation of Ratio of Earnings to Fixed Charges

(In Thousands, Except Ratios)

(Unaudited)


		Years Ended December 31,
		2005			2006			2007				2008				2009
Income from continuing operations before provision for income taxes		$	50,358		$	72,033		$	104,654			$	159,133			$	205,317
Fixed charges			6,481			13,000			28,478				56,271				53,993
Amortization of capitalized interest, net of interest capitalized			—			—			(425	)			(93	)			44

Earnings available for fixed charges		$	56,839		$	85,033		$	132,707			$	215,311			$	259,354

Fixed charges:
Interest expense, including amortization of debt issuance costs		$	2,228		$	5,955		$	17,755			$	37,830			$	32,252
Capitalized interest			—			—			425				108				—
Portion of rental expense representative of interest			4,253			7,045			10,298				18,333				21,741

Total fixed charges		$	6,481		$	13,000		$	28,478			$	56,271			$	53,993

Ratio of earnings to fixed charges			8.8			6.5			4.7				3.8				4.8