Attached files
| file | filename |
|---|---|
| EX-31.1 - EXHIBIT 31.1 - Allegiant Travel CO | a2019q4exhibit311.htm |
| EX-32 - EXHIBIT 32 - Allegiant Travel CO | a2019q4exhibit32.htm |
| EX-31.2 - EXHIBIT 31.2 - Allegiant Travel CO | a2019q4exhibit312.htm |
| EX-23.1 - EXHIBIT 23.1 - Allegiant Travel CO | a201910kexhibit231.htm |
| EX-21 - EXHIBIT 21 - Allegiant Travel CO | a201910kexhibit21.htm |
| EX-10.18 - EXHIBIT 10.18 - Allegiant Travel CO | a2019q4exhibit1018.htm |
| 10-K - 10-K - Allegiant Travel CO | algt201910kdoc.htm |
Exhibit 12
Computation of Ratio of Earnings to Fixed Charges
For the Year Ended December 31, | |||||||||||||||||||
(in thousands, except for ratio) | 2019 | 2018 | 2017 | 2016 | 2015 | ||||||||||||||
Earnings: | |||||||||||||||||||
Income before income taxes | $ | 301,247 | $ | 199,318 | $ | 199,007 | $ | 347,967 | $ | 346,719 | |||||||||
Add: Fixed Charges | 85,819 | 59,882 | 44,924 | 33,058 | 28,843 | ||||||||||||||
Add: Amortization of capitalized interest | 229 | 173 | 168 | 130 | 127 | ||||||||||||||
Less: Interest capitalized | 4,472 | 2,354 | 3,188 | 1,763 | — | ||||||||||||||
Less: Earnings from joint venture, net | 839 | 167 | 159 | 164 | 136 | ||||||||||||||
Less: pre-tax net loss attributable to noncontrolling interest | — | — | — | — | (44 | ) | |||||||||||||
Total earnings | $ | 381,984 | $ | 256,852 | $ | 240,752 | $ | 379,228 | $ | 375,597 | |||||||||
Fixed charges: | |||||||||||||||||||
Interest costs (1) | $ | 81,273 | $ | 56,116 | $ | 42,178 | $ | 30,599 | $ | 26,510 | |||||||||
Interest factor of operating lease expense (2) | 4,546 | 3,766 | 2,746 | 2,459 | 2,333 | ||||||||||||||
Total fixed charges | $ | 85,819 | $ | 59,882 | $ | 44,924 | $ | 33,058 | $ | 28,843 | |||||||||
Ratio of earnings to fixed charges (3) | 4.45 | 4.29 | 5.36 | 11.47 | 13.02 | ||||||||||||||
(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. |