EX-12.1 11 a2207578zex-12_1.htm EX-12.1
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EXHIBIT 12.1

KAR Auction Services, Inc.
Statement of Computation of Ratio of Earnings to Fixed Charges
(In millions, except ratios)

 
  For the Years Ended
December 31,
 
 
  2011   2010   2009  

Income before income taxes

  $ 90.0   $ 96.8   $ 34.3  
               

Fixed charges(1)

                   

Interest expense

    143.1     141.4     172.6  

Interest component of all rentals

    30.0     29.3     28.8  
               

Total fixed charges

    173.1     170.7     201.4  

Earnings before income taxes and fixed charges

 
$

263.1
 
$

267.5
 
$

235.7
 
               

Ratio of earnings to fixed charges

    1.5     1.6     1.2  
               

(1)
Fixed charges represent interest and the interest component of all rentals. We use a reasonable approximation of the interest factor related to operating leases in calculating the interest component of all rentals.



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KAR Auction Services, Inc. Statement of Computation of Ratio of Earnings to Fixed Charges (In millions, except ratios)