Attached files
| file | filename |
|---|---|
| EX-32 - EXHIBIT 32 - Allegiant Travel CO | a2016q4exhibit32.htm |
| EX-31.2 - EXHIBIT 31.2 - Allegiant Travel CO | a2016q4exhibit312.htm |
| EX-31.1 - EXHIBIT 31.1 - Allegiant Travel CO | a2016q4exhibit311.htm |
| EX-23.2 - EXHIBIT 23.2 - Allegiant Travel CO | a201610kexhibit232.htm |
| EX-23.1 - EXHIBIT 23.1 - Allegiant Travel CO | a201610kexhibit231.htm |
| EX-21 - EXHIBIT 21 - Allegiant Travel CO | a201610kexhibit21.htm |
| EX-10.7 - EXHIBIT 10.7 - Allegiant Travel CO | a201610kexhibit107.htm |
| 10-K - 10-K - Allegiant Travel CO | algt201610kdoc.htm |
Exhibit 12
Computation of Ratio of Earnings to Fixed Charges
(in thousands, except for ratio)
For the Year Ended December 31, | |||||||||||||||||||
2016 | 2015 | 2014 | 2013 | 2012 | |||||||||||||||
Earnings: | |||||||||||||||||||
Income before income taxes | $ | 345,958 | $ | 346,719 | $ | 137,131 | $ | 146,680 | $ | 124,647 | |||||||||
Add: Fixed Charges | 33,058 | 28,843 | 24,027 | 13,625 | 11,294 | ||||||||||||||
Add: Amortization of capitalized interest | 130 | 127 | 141 | 139 | 83 | ||||||||||||||
Less: Interest capitalized | 1,763 | — | — | 123 | 498 | ||||||||||||||
Less: Earnings from joint venture, net | 164 | 136 | 217 | 393 | 99 | ||||||||||||||
Plus: pre-tax net loss attributable to noncontrolling interest | — | (44 | ) | (386 | ) | (494 | ) | (183 | ) | ||||||||||
Total earnings | $ | 377,219 | $ | 375,597 | $ | 161,468 | $ | 160,422 | $ | 135,610 | |||||||||
Fixed charges: | |||||||||||||||||||
Interest costs (1) | $ | 30,599 | $ | 26,510 | $ | 21,205 | $ | 9,493 | $ | 8,739 | |||||||||
Interest factor of operating lease expense (2) | 2,459 | 2,333 | 2,822 | 4,132 | 2,555 | ||||||||||||||
Total fixed charges | $ | 33,058 | $ | 28,843 | $ | 24,027 | $ | 13,625 | $ | 11,294 | |||||||||
Ratio of earnings to fixed charges (3) | 11.41 | 13.02 | 6.72 | 11.77 | 12.01 | ||||||||||||||
(1) | Interest costs include both interest expensed and capitalized, including amortization of deferred financing costs and original issue discount on debt. |
(2) | Interest factor of operating lease expense is based on an estimate which the Company considers to be a reasonable approximation. |
(3) | The ratio of earnings to fixed charges was computed by dividing earnings by fixed charges. |