LITHIA MOTORS INC - FORM 10-K - EX-12 - RATIO OF EARNINGS TO COMBINED FIXED CHARGES - March 3, 2010

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10-K - FORM 10-K - LITHIA MOTORS INCd10k.htm
EX-10.16 - NON EMPLOYEE DIRECTOR COMPENSATION PLAN 2009/2010 SERVICE YEAR. - LITHIA MOTORS INCdex1016.htm
EX-10.18.2 - NINTH AMENDMENT TO REVOLVING CREDIT FACILITY WITH U.S. BANK - LITHIA MOTORS INCdex10182.htm
EX-10.18.1 - EIGHTH AMENDMENT TO REVOLVING CREDIT FACILITY WITH U.S. BANK - LITHIA MOTORS INCdex10181.htm
EX-21 - SUBSIDIARIES OF LITHIA MOTORS, INC. - LITHIA MOTORS INCdex21.htm
EX-32.2 - SECTION 906 CFO CERTIFICATION - LITHIA MOTORS INCdex322.htm
EX-31.2 - SECTION 302 CFO CERTIFICATION - LITHIA MOTORS INCdex312.htm
EX-32.1 - SECTION 906 CEO CERTIFICATION - LITHIA MOTORS INCdex321.htm
EX-31.1 - SECTION 302 CEO CERTIFICATION - LITHIA MOTORS INCdex311.htm
EX-23 - CONSENT OF KPMG LLP, INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM - LITHIA MOTORS INCdex23.htm

Exhibit 12

RATIO OF EARNINGS TO COMBINED FIXED CHARGES

The following table shows the ratio of earnings to combined fixed charges for us and our consolidated subsidiaries for the dates indicated.

(Dollars in Thousands)

 

     Year Ended December 31,
     2009    2008     2007    2006    2005

Ratio of earnings to combined fixed charges:

    1.3x    $ (336,664 )(1)    1.7x    2.1x    3.6x

 

(1) Reflects deficiency of earnings available to cover fixed charges. Because of the deficiency, ratio information is not provided.

For purposes of these ratios, “earnings” consist of income from continuing operations before income taxes and fixed charges, and “fixed charges” consist of interest expense on indebtedness and the interest component of rental expense, and amortization of debt discount and issuance expenses.

We did not have any preferred stock outstanding for the periods presented above, and therefore the ratios of earnings to combined fixed charges and preferred stock dividends would be the same as the ratios of earnings to combined fixed charges presented above.

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