Attached files
| file | filename |
|---|---|
| EX-1.1 - EX-1.1 - O REILLY AUTOMOTIVE INC | a18-13361_1ex1d1.htm |
| 8-K - 8-K - O REILLY AUTOMOTIVE INC | a18-13361_18k.htm |
O’Reilly Automotive, Inc.
Computation of Ratio of Earnings to Fixed Charges
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Fiscal Year |
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YTD 3/31/2018 |
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2017 |
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2016 |
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2015 |
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2014 |
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2013 |
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2012 |
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2011 |
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Earnings |
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Income before income taxes |
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$ |
395,406 |
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$ |
1,637,804 |
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$ |
1,637,191 |
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$ |
1,460,366 |
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$ |
1,222,182 |
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$ |
1,058,942 |
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$ |
941,521 |
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$ |
815,773 |
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Fixed charges |
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65,198 |
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232,793 |
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208,737 |
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177,655 |
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171,641 |
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163,290 |
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135,495 |
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121,157 |
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Less: Capitalized interest |
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(2,212 |
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(8,548 |
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(7,933 |
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(7,423 |
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(11,480 |
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(10,644 |
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(6,064 |
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(4,666 |
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Adjusted earnings |
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$ |
458,392 |
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$ |
1,862,049 |
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$ |
1,837,995 |
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$ |
1,630,598 |
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$ |
1,382,343 |
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$ |
1,211,588 |
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$ |
1,070,953 |
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$ |
932,264 |
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Fixed charges |
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Interest expense |
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$ |
29,807 |
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$ |
97,653 |
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$ |
76,982 |
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$ |
62,954 |
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$ |
63,188 |
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$ |
58,164 |
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$ |
44,909 |
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$ |
31,378 |
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Amortization of debt issuance costs |
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621 |
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2,244 |
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1,882 |
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1,598 |
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1,582 |
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1,554 |
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1,355 |
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1,453 |
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Interest portion of rent expense |
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34,770 |
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132,896 |
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129,873 |
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113,103 |
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106,871 |
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103,572 |
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89,232 |
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88,326 |
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Total fixed charges |
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$ |
65,198 |
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$ |
232,793 |
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$ |
208,737 |
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$ |
177,655 |
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$ |
171,641 |
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$ |
163,290 |
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$ |
135,495 |
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$ |
121,157 |
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Ratio of earnings to fixed charges |
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7.0 |
x |
8.0 |
x |
8.8 |
x |
9.2 |
x |
8.1 |
x |
7.4 |
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7.9 |
x |
7.7 |
x | ||||||||