EX-12.1 8 lkq-ex121_20141231.htm EXHIBIT 12.1 LKQ-EX12.1_2014.12.31
Exhibit 12.1



LKQ CORPORATION AND SUBSIDIARIES
Computation of Ratio of Earnings to Fixed Charges
(In thousands, except ratios)
(Unaudited)

 
 
Year Ended December 31,
 
 
2010
 
2011
 
2012
 
2013
 
2014
Income from continuing operations before provision for income taxes
 
$
270,125

 
$
335,771

 
$
409,167

 
$
475,827

 
$
587,888

Fixed charges
 
54,769

 
56,901

 
71,983

 
100,190

 
124,670

Amortization of capitalized interest, net of interest capitalized
 
2

 
(318
)
 
(57
)
 
56

 
(50
)
Earnings available for fixed charges
 
$
324,896

 
$
392,354

 
$
481,093

 
$
576,073

 
$
712,508

 
 
 
 
 
 
 
 
 
 
 
Fixed charges:
 
 
 
 
 
 
 
 
 
 
Interest expense, including amortization of debt issuance costs
 
$
29,765

 
$
24,307

 
$
31,429

 
$
51,184

 
$
64,542

Capitalized interest
 
35

 
479

 
296

 
130

 
264

Portion of rental expense representative of interest
 
24,969

 
32,115

 
40,258

 
48,876

 
59,864

Total fixed charges
 
$
54,769

 
$
56,901

 
$
71,983

 
$
100,190

 
$
124,670

Ratio of earnings to fixed charges
 
5.9

 
6.9

 
6.7

 
5.7

 
5.7