Attached files
file | filename |
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EXCEL - IDEA: XBRL DOCUMENT - GROUP 1 AUTOMOTIVE INC | Financial_Report.xls |
EX-32.2 - EXHIBIT 32.2 - GROUP 1 AUTOMOTIVE INC | exhibit322-12312014.htm |
EX-31.2 - EXHIBIT 31.2 - GROUP 1 AUTOMOTIVE INC | exhibit312-12312014.htm |
EX-32.1 - EXHIBIT 32.1 - GROUP 1 AUTOMOTIVE INC | exhibit321-12312014.htm |
EX-23.1 - EXHIBIT 23.1 - GROUP 1 AUTOMOTIVE INC | exhibit231-12312014.htm |
EX-31.1 - EXHIBIT 31.1 - GROUP 1 AUTOMOTIVE INC | exhibit311-12312014.htm |
10-K - 10-K - GROUP 1 AUTOMOTIVE INC | a2014form10-k.htm |
EX-21.1 - EXHIBIT 21.1 - GROUP 1 AUTOMOTIVE INC | exhibit211-12312014.htm |
Exhibit 12.1
Group 1 Automotive, Inc.
Ratios of Earnings to Fixed Charges
(Dollars in thousands, unaudited)
For the year ended December 31, | ||||||||||||||||||||
2014 | 2013 | 2012 | 2011 | 2010 | ||||||||||||||||
Earnings: | ||||||||||||||||||||
Pretax income | $ | 164,400 | $ | 191,895 | $ | 160,735 | $ | 132,094 | $ | 80,904 | ||||||||||
Add: | ||||||||||||||||||||
Fixed charges | 105,739 | 97,233 | 84,395 | 78,429 | 79,342 | |||||||||||||||
Less: | ||||||||||||||||||||
Capitalized interest | (731 | ) | (805 | ) | (689 | ) | (635 | ) | (131 | ) | ||||||||||
Total Earnings | $ | 269,408 | $ | 288,323 | $ | 244,441 | $ | 209,888 | $ | 160,115 | ||||||||||
Fixed Charges: | ||||||||||||||||||||
Interest expense | $ | 91,306 | $ | 80,639 | $ | 69,261 | $ | 61,409 | $ | 61,327 | ||||||||||
Estimated interest within rent expense | 13,702 | 15,789 | 14,445 | 16,385 | 17,884 | |||||||||||||||
Capitalized interest | 731 | 805 | 689 | 635 | 131 | |||||||||||||||
Total Fixed Charges | $ | 105,739 | $ | 97,233 | $ | 84,395 | $ | 78,429 | $ | 79,342 | ||||||||||
Ratio of Earnings to Fixed Charges | 2.5 | 3.0 | 2.9 | 2.7 | 2.0 |