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EX-32.2 - EXHIBIT 32.2 - GROUP 1 AUTOMOTIVE INCexhibit322-12312016.htm
EX-32.1 - EXHIBIT 32.1 - GROUP 1 AUTOMOTIVE INCexhibit321-12312016.htm
EX-31.2 - EXHIBIT 31.2 - GROUP 1 AUTOMOTIVE INCexhibit312-12312016.htm
EX-31.1 - EXHIBIT 31.1 - GROUP 1 AUTOMOTIVE INCexhibit311-12312016.htm
EX-23.1 - EXHIBIT 23.1 - GROUP 1 AUTOMOTIVE INCexhibit231-12312016.htm
EX-21.1 - EXHIBIT 21.1 - GROUP 1 AUTOMOTIVE INCexhibit211-12312016.htm
10-K - 10-K - GROUP 1 AUTOMOTIVE INCa2016form10-k.htm
Exhibit 12.1

Group 1 Automotive, Inc.
Ratios of Earnings to Fixed Charges
(Dollars in thousands, unaudited)


 
 
For the year ended December 31,
 
 
2016
 
2015
 
2014
 
2013
 
2012
Earnings:
 
 
 
 
 
 
 
 
 
 
Pretax income
 
$
227,371

 
$
182,171

 
$
164,400

 
$
191,895

 
$
160,735

Add:
 
 
 
 
 
 
 
 
 
 
Fixed charges
 
127,014

 
108,106

 
105,739

 
97,233

 
84,395

Less:
 
 
 
 
 
 
 
 
 
 
Capitalized interest
 
(1,720
)
 
(741
)
 
(731
)
 
(805
)
 
(689
)
Total Earnings
 
$
352,665

 
$
289,536

 
$
269,408

 
$
288,323

 
$
244,441

Fixed Charges:
 
 
 
 
 
 
 
 
 
 
Interest expense
 
$
112,863

 
$
96,167

 
$
91,306

 
$
80,639

 
$
69,261

Estimated interest within rent expense
 
12,431

 
11,198

 
13,702

 
15,789

 
14,445

Capitalized interest
 
1,720

 
741

 
731

 
805

 
689

Total Fixed Charges
 
$
127,014

 
$
108,106

 
$
105,739

 
$
97,233

 
$
84,395

Ratio of Earnings to Fixed Charges
 
2.8

 
2.7

 
2.5

 
3.0

 
2.9