Attached files
| file | filename |
|---|---|
| 8-K - FORM 8-K - AUTONATION, INC. | a8k917ratioofearningstofix.htm |
Exhibit 12.1
AutoNation, Inc.
Statement Regarding Computation of Ratio of Earnings to Fixed Charges
($ in millions)
Nine Months Ended | Year Ended December 31, | |||||||||||||||||||||||
Earnings | September 30, 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | ||||||||||||||||||
Income from continuing operations before income taxes | $ | 462.6 | $ | 702.3 | $ | 722.7 | $ | 682.3 | $ | 604.4 | $ | 516.8 | ||||||||||||
Fixed charges | 173.2 | 210.9 | 168.2 | 158.5 | 159.4 | 149.7 | ||||||||||||||||||
Interest capitalized | (0.7 | ) | (0.5 | ) | (0.9 | ) | (1.2 | ) | (0.7 | ) | (0.6 | ) | ||||||||||||
Earnings, as defined | $ | 635.1 | $ | 912.7 | $ | 890.0 | $ | 839.6 | $ | 763.1 | $ | 665.9 | ||||||||||||
Fixed Charges | ||||||||||||||||||||||||
Floorplan interest expense | $ | 70.7 | $ | 76.5 | $ | 58.3 | $ | 53.3 | $ | 53.4 | $ | 45.5 | ||||||||||||
Other interest expense (a) | 88.0 | 115.6 | 91.1 | 86.9 | 88.6 | 87.2 | ||||||||||||||||||
Capitalized interest costs | 0.7 | 0.5 | 0.9 | 1.2 | 0.7 | 0.6 | ||||||||||||||||||
Interest component of rent expense (b) | 13.8 | 18.3 | 17.9 | 17.1 | 16.7 | 16.4 | ||||||||||||||||||
Total fixed charges | $ | 173.2 | $ | 210.9 | $ | 168.2 | $ | 158.5 | $ | 159.4 | $ | 149.7 | ||||||||||||
Ratio of earnings to fixed charges | 3.7 | 4.3 | 5.3 | 5.3 | 4.8 | 4.4 | ||||||||||||||||||
(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. |