Attached files
| file | filename |
|---|---|
| 10-K - FORM 10-K - GROUP 1 AUTOMOTIVE INC | h79467e10vk.htm |
| EX-23.1 - EX-23.1 - GROUP 1 AUTOMOTIVE INC | h79467exv23w1.htm |
| EX-21.1 - EX-21.1 - GROUP 1 AUTOMOTIVE INC | h79467exv21w1.htm |
| EX-10.28 - EX-10.28 - GROUP 1 AUTOMOTIVE INC | h79467exv10w28.htm |
| EX-31.1 - EX-31.1 - GROUP 1 AUTOMOTIVE INC | h79467exv31w1.htm |
| EX-32.2 - EX-32.2 - GROUP 1 AUTOMOTIVE INC | h79467exv32w2.htm |
| EX-31.2 - EX-31.2 - GROUP 1 AUTOMOTIVE INC | h79467exv31w2.htm |
| EX-32.1 - EX-32.1 - GROUP 1 AUTOMOTIVE INC | h79467exv32w1.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, | ||||||||||||||||||||
| 2010 | 2009 | 2008 | 2007 | 2006 | ||||||||||||||||
Earnings: |
||||||||||||||||||||
Pretax income |
$ | 80,904 | $ | 54,851 | $ | (77,176 | ) | $ | 100,440 | $ | 137,185 | |||||||||
Add: |
||||||||||||||||||||
Fixed charges |
79,342 | 81,370 | 109,069 | 108,265 | 96,366 | |||||||||||||||
Less: |
||||||||||||||||||||
Capitalized interest |
(131 | ) | (233 | ) | (1,000 | ) | (2,011 | ) | (733 | ) | ||||||||||
Total Earnings |
$ | 160,115 | $ | 135,988 | $ | 30,893 | $ | 206,694 | $ | 232,818 | ||||||||||
Fixed Charges: |
||||||||||||||||||||
Interest expense |
$ | 61,327 | $ | 61,420 | $ | 83,160 | $ | 76,890 | $ | 64,542 | ||||||||||
Estimated
interest within rent expense |
17,884 | 19,717 | 24,909 | 29,364 | 31,091 | |||||||||||||||
Capitalized interest |
131 | 233 | 1,000 | 2,011 | 733 | |||||||||||||||
Total Fixed Charges |
$ | 79,342 | $ | 81,370 | $ | 109,069 | $ | 108,265 | $ | 96,366 | ||||||||||
Ratio of Earnings to Fixed Charges |
2.0 | 1.7 | *0.3 | 1.9 | 2.4 | |||||||||||||||
* 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. |
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