Attached files
| file | filename |
|---|---|
| 10-K - FORM 10-K - CARDTRONICS INC | c97161e10vk.htm |
| EX-21.1 - EXHIBIT 21.1 - CARDTRONICS INC | c97161exv21w1.htm |
| EX-14.2 - EXHIBIT 14.2 - CARDTRONICS INC | c97161exv14w2.htm |
| EX-31.1 - EXHIBIT 31.1 - CARDTRONICS INC | c97161exv31w1.htm |
| EX-31.2 - EXHIBIT 31.2 - CARDTRONICS INC | c97161exv31w2.htm |
| EX-23.1 - EXHIBIT 23.1 - CARDTRONICS INC | c97161exv23w1.htm |
| EX-32.1 - EXHIBIT 32.1 - CARDTRONICS INC | c97161exv32w1.htm |
| EX-10.49 - EXHIBIT 10.49 - CARDTRONICS INC | c97161exv10w49.htm |
| EX-10.48 - EXHIBIT 10.48 - CARDTRONICS INC | c97161exv10w48.htm |
Exhibit 12.1
CARDTRONICS, INC. AND SUBSIDIARIES
RATIOS OF EARNINGS TO FIXED CHARGES
(in thousands)
RATIOS OF EARNINGS TO FIXED CHARGES
(in thousands)
| Years Ended December 31, | ||||||||||||||||||||
| 2009 | 2008 | 2007 | 2006 | 2005 | ||||||||||||||||
EARNINGS: |
||||||||||||||||||||
Income (loss) before income taxes and cumulative effect of
accounting changes |
$ | 9,522 | $ | (70,386 | ) | $ | (23,004 | ) | $ | (244 | ) | $ | (3,673 | ) | ||||||
Fixed charges (as outlined below), less preferred dividends
(a) |
34,624 | 35,614 | 33,079 | 26,914 | 20,202 | |||||||||||||||
Total earnings, as defined |
$ | 44,146 | $ | (34,772 | ) | $ | 10,075 | $ | 26,670 | $ | 16,529 | |||||||||
FIXED CHARGES: |
||||||||||||||||||||
Interest charges (b) |
$ | 32,528 | $ | 33,197 | $ | 31,164 | $ | 25,072 | $ | 22,426 | ||||||||||
Less: Write-off of unamortized debt issuance costs (c) |
— | — | — | (534 | ) | (5,038 | ) | |||||||||||||
Plus: Interest component of rental expense |
2,096 | 2,417 | 1,915 | 2,376 | 2,814 | |||||||||||||||
Plus: Total fixed charges, as defined |
— | — | — | — | 1,770 | |||||||||||||||
Plus: Preferred dividends (d) |
$ | 34,624 | $ | 35,614 | $ | 33,079 | $ | 26,914 | $ | 21,972 | ||||||||||
Ratio of earnings to fixed charges |
1.3 | x | N/A | N/A | N/A | N/A | ||||||||||||||
Amount of earnings insufficient to cover fixed charges |
$ | — | $ | 70,386 | $ | 23,004 | $ | 244 | $ | 5,443 | ||||||||||
| (a) |
Excludes preferred dividends as such amounts were not deducted in arriving at the income (loss)
before income taxes and cumulative effect of accounts changes amounts reflected above. |
|
| (b) | Includes the amortization of debt discounts and the amortization and write-off of debt
issuance costs. |
|
| (c) | Amounts included in the interest charges line above. As such, it is backed out separately
from the computation of fixed charges. |
|
| (d) | Amounts have been grossed-up at the Company’s effective tax rate for each applicable period. |