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10-K - FORM 10-K - GROUP 1 AUTOMOTIVE INCh79467e10vk.htm
EX-23.1 - EX-23.1 - GROUP 1 AUTOMOTIVE INCh79467exv23w1.htm
EX-21.1 - EX-21.1 - GROUP 1 AUTOMOTIVE INCh79467exv21w1.htm
EX-10.28 - EX-10.28 - GROUP 1 AUTOMOTIVE INCh79467exv10w28.htm
EX-31.1 - EX-31.1 - GROUP 1 AUTOMOTIVE INCh79467exv31w1.htm
EX-32.2 - EX-32.2 - GROUP 1 AUTOMOTIVE INCh79467exv32w2.htm
EX-31.2 - EX-31.2 - GROUP 1 AUTOMOTIVE INCh79467exv31w2.htm
EX-32.1 - EX-32.1 - GROUP 1 AUTOMOTIVE INCh79467exv32w1.htm
Exhibit 12.1
Group 1 Automotive, Inc.
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.