Attached files
| file | filename |
|---|---|
| EX-31.2 - CERTIFICATION OF THE CHIEF FINANCIAL OFFICER PURSUANT TO SECTION 302 OF THE SARB - Spirit Airlines, Inc. | save-ex312x20161231x10k.htm |
| EX-32.1 - CERTIFICATIONS PURSUANT TO 18 U.S.C. SECTION 1350 - Spirit Airlines, Inc. | save-ex321x20161231x10k.htm |
| EX-31.1 - CERTIFICATION OF THE CHIEF EXECUTIVE OFFICER PURSUANT TO SECTION 302 OF THE SARB - Spirit Airlines, Inc. | save-ex311x20161231x10k.htm |
| EX-23.1 - CONSENT OF ERNST & YOUNG LLP, INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM - Spirit Airlines, Inc. | save-ex231x20161231x10k.htm |
| 10-K - 10-K - Spirit Airlines, Inc. | save-20161231x10k.htm |
Exhibit 12.1
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(in millions, except ratio data)
Year Ended December 31, | ||||||||||||||||||||
2016 | 2015 | 2014 | 2013 | 2012 | ||||||||||||||||
Fixed Charges (1) | ||||||||||||||||||||
Interest expense | $ | 38.2 | $ | 19.2 | $ | 2.7 | $ | 0.2 | $ | 1.4 | ||||||||||
Amortization of debt issuance costs | 3.4 | 1.2 | — | — | — | |||||||||||||||
Portion of rental expense representative of interest | 52.6 | 55.7 | 64.8 | 64.3 | 60.0 | |||||||||||||||
Total fixed charges | $ | 94.2 | $ | 76.1 | $ | 67.5 | $ | 64.5 | $ | 61.4 | ||||||||||
Earnings (2) | ||||||||||||||||||||
Income (loss) from continuing operations before income taxes | $ | 419.5 | $ | 502.4 | $ | 353.0 | $ | 282.4 | $ | 174.6 | ||||||||||
Fixed charges per above | 94.2 | 76.1 | 67.5 | 64.5 | 61.4 | |||||||||||||||
Capitalized interest | (12.7 | ) | (11.6 | ) | (2.7 | ) | (0.2 | ) | (1.4 | ) | ||||||||||
Total earnings as adjusted | $ | 501.0 | $ | 566.9 | $ | 417.8 | $ | 346.7 | $ | 234.6 | ||||||||||
Deficiency of earnings to fixed charges | ||||||||||||||||||||
Ratio of earnings to fixed charges | 5.3x | 7.4x | 6.2x | 5.4x | 3.8x | |||||||||||||||
(1) For purposes of computing this ratio of earnings to fixed charges, "fixed charges" consist of interest expense on all indebtedness plus amortization of debt issuance costs and an estimate of interest expense within rental expense.
(2) "Earnings" consist of pre-tax income (loss) from continuing operations plus fixed charges.