Attached files
| file | filename |
|---|---|
| 10-K - ANNUAL REPORT - CARDTRONICS INC | catm_10k-123110.htm |
| EX-23.1 - EXHIBIT 23.1 - CARDTRONICS INC | ex23-1.htm |
| EX-32.1 - EXHIBIT 32.1 - CARDTRONICS INC | ex32-1.htm |
| EX-21.1 - EXHIBIT 21.1 - CARDTRONICS INC | ex21-1.htm |
| EX-31.2 - EXHIBIT 31.2 - CARDTRONICS INC | ex31-2.htm |
| EX-31.1 - EXHIBIT 31.1 - CARDTRONICS INC | ex31-1.htm |
Exhibit 12.1
CARDTRONICS, INC. AND SUBSIDIARIES
RATIOS OF EARNINGS TO FIXED CHARGES
(in thousands)
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Years ended December 31,
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2010
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2009
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2008
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2007
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2006
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EARNINGS:
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Income (loss) before income taxes and cumulative effect of accounting changes
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$ | 23,820 | $ | 9,522 | $ | (70,386 | ) | $ | (23,004 | ) | $ | (244 | ) | |||||||
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Fixed charges (as outlined below), less preferred dividends (a)
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30,528 | 34,624 | 35,614 | 33,079 | 26,914 | |||||||||||||||
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Total earnings, as defined
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$ | 54,348 | $ | 44,146 | $ | (34,772 | ) | $ | 10,075 | $ | 26,670 | |||||||||
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FIXED CHARGES:
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Interest charges (b)
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$ | 35,954 | $ | 32,528 | $ | 33,197 | $ | 31,164 | $ | 25,072 | ||||||||||
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Less: Write-off unamortized debt issuance costs (c)
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(7,296 | ) | - | - | - | (534 | ) | |||||||||||||
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Interest component of vault cash costs
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- | - | - | - | - | |||||||||||||||
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Interest component of rental expense
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1,870 | 2,096 | 2,417 | 1,915 | 2,376 | |||||||||||||||
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Preferred dividends (d)
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- | - | - | - | - | |||||||||||||||
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Total fixed charges, as defined
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$ | 30,528 | $ | 34,624 | $ | 35,614 | $ | 33,079 | $ | 26,914 | ||||||||||
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Ratio of earnings to fixed charges
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1.78 | x | 1.28 | x | N/A | N/A | N/A | |||||||||||||
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Amount of earnings insufficient to cover fixed charges
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- | - | $ | 70,386 | $ | 23,004 | $ | 244 | ||||||||||||
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(a) Excludes preferred dividends as such amounts were not deducted in arriving at the income (loss) before income tax amounts reflected above.
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(b) Includes the amortization of debt discount and debt issuance costs.
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(c) Amounts included in interest charges line item above. As such, it is backed out separately from the computation of fixed charges.
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(d) Amounts have been grossed-up at the Company's effective tax rate for each applicable period.
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