Attached files
| file | filename |
|---|---|
| 10-K - FORM 10-K - AUTONATION, INC. | an10k2015.htm |
| EX-32.1 - SECTION 906 CEO CERTIFICATION - AUTONATION, INC. | ex321section906ceocert2015.htm |
| EX-31.1 - SECTION 302 CEO CERTIFICATION - AUTONATION, INC. | ex311section302ceocert2015.htm |
| EX-21.1 - LIST OF SUBSIDIARIES - AUTONATION, INC. | ex211listofsubsidiaries201.htm |
| EX-23.1 - CONSENT OF KPMG LLP - AUTONATION, INC. | ex231kpmgconsent2015form10.htm |
| EX-32.2 - SECTION 906 CFO CERTIFICATION - AUTONATION, INC. | ex322section906cfocert2015.htm |
| EX-31.2 - SECTION 302 CFO CERTIFICATION - AUTONATION, INC. | ex312section302cfocert2015.htm |
Exhibit 12.1
AutoNation, Inc.
Statement Regarding Computation of Ratio of Earnings to Fixed Charges
($ in millions)
Year Ended December 31, | ||||||||||||||||||||
Earnings | 2015 | 2014 | 2013 | 2012 | 2011 | |||||||||||||||
Income from continuing operations before income taxes | $ | 722.7 | $ | 682.3 | $ | 604.4 | $ | 516.8 | $ | 461.3 | ||||||||||
Fixed charges | 168.2 | 158.5 | 159.4 | 149.7 | 128.8 | |||||||||||||||
Interest capitalized | (0.9 | ) | (1.2 | ) | (0.7 | ) | (0.6 | ) | (1.0 | ) | ||||||||||
Earnings, as defined | $ | 890.0 | $ | 839.6 | $ | 763.1 | $ | 665.9 | $ | 589.1 | ||||||||||
Fixed Charges | ||||||||||||||||||||
Floorplan interest expense | $ | 58.3 | $ | 53.3 | $ | 53.4 | $ | 45.5 | $ | 42.7 | ||||||||||
Other interest expense (a) | 91.1 | 86.9 | 88.6 | 87.2 | 66.5 | |||||||||||||||
Capitalized interest costs | 0.9 | 1.2 | 0.7 | 0.6 | 1.0 | |||||||||||||||
Interest component of rent expense (b) | 17.9 | 17.1 | 16.7 | 16.4 | 18.6 | |||||||||||||||
Total fixed charges | $ | 168.2 | $ | 158.5 | $ | 159.4 | $ | 149.7 | $ | 128.8 | ||||||||||
Ratio of earnings to fixed charges | 5.3 | 5.3 | 4.8 | 4.4 | 4.6 | |||||||||||||||
(a) | Includes amortization of debt issuance costs and other interest expense associated with discontinued operations. |
(b) | Calculated based on rent expense that includes amounts associated with discontinued operations. |