Attached files
| file | filename |
|---|---|
| EX-1.1 - EX-1.1 - O REILLY AUTOMOTIVE INC | a17-19915_4ex1d1.htm |
| 8-K - 8-K - O REILLY AUTOMOTIVE INC | a17-19915_48k.htm |
Exhibit 12.1
O’Reilly Automotive, Inc.
Computation of Ratio of Earnings to Fixed Charges
|
|
|
Six months |
|
Fiscal Year |
| ||||||||||||||
|
|
|
2017 |
|
2016 |
|
2015 |
|
2014 |
|
2013 |
|
2012 |
| ||||||
|
Earnings |
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||
|
Income before income taxes |
|
$ |
821,550 |
|
$ |
1,637,191 |
|
$ |
1,460,366 |
|
$ |
1,222,182 |
|
$ |
1,058,942 |
|
$ |
941,521 |
|
|
Fixed charges |
|
111,821 |
|
208,737 |
|
177,655 |
|
171,641 |
|
163,290 |
|
135,495 |
| ||||||
|
Less: Capitalized interest |
|
(4,095 |
) |
(7,933 |
) |
(7,423 |
) |
(11,480 |
) |
(10,644 |
) |
(6,064 |
) | ||||||
|
Adjusted earnings |
|
$ |
929,276 |
|
$ |
1,837,995 |
|
$ |
1,630,598 |
|
$ |
1,382,343 |
|
$ |
1,211,588 |
|
$ |
1,070,953 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||
|
Fixed charges |
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||
|
Interest expense |
|
$ |
43,276 |
|
$ |
76,982 |
|
$ |
62,954 |
|
$ |
63,188 |
|
$ |
58,164 |
|
$ |
44,909 |
|
|
Amortization of debt issuance costs |
|
1,050 |
|
1,882 |
|
1,598 |
|
1,582 |
|
1,554 |
|
1,355 |
| ||||||
|
Interest portion of rent expense |
|
67,496 |
|
129,873 |
|
113,103 |
|
106,871 |
|
103,572 |
|
89,232 |
| ||||||
|
Total fixed charges |
|
$ |
111,821 |
|
$ |
208,737 |
|
$ |
177,655 |
|
$ |
171,641 |
|
$ |
163,290 |
|
$ |
135,495 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||
|
Ratio of earnings to fixed charges |
|
8.3 |
x |
8.8 |
x |
9.2 |
x |
8.1 |
x |
7.4 |
x |
7.9 |
x | ||||||