EX-12.1 4 catm-20161231ex121f24f26.htm EX-12.1 catm_Ex12_1

Exhibit 12.1

 

CARDTRONICS PLC AND SUBSIDIARIES

RATIOS OF EARNINGS TO FIXED CHARGES

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year ended December 31,

 

 

    

2016

    

2015

    

2014

    

2013

    

2012

 

 

 

(In thousands)

 

EARNINGS:

 

 

 

 

 

 

 

 

 

 

 

Income before income taxes and cumulative effect of accounting changes (a)

 

$
114,613 

 

$
106,422 

 

$
65,314 

 

$
65,834 

 

$
70,600 

 

Fixed charges (as outlined below)

 

 
33,858 

 

 
35,473 

 

 
37,024 

 

 
25,463 

 

 
24,284 

 

Total earnings, as defined

 

$
148,471 

 

$
141,895 

 

$
102,338 

 

$
91,297 

 

$
94,884 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

FIXED CHARGES:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest charges (b)

 

$
28,889 

 

$
30,814 

 

$
33,812 

 

$
23,086 

 

$
22,057 

 

Less: Write-off unamortized debt issuance costs (c) 

 

 

—

 

 

—

 

 

—

 

 

—

 

 

—

 

Interest component of rental expense

 

 
4,969 

 

 
4,659 

 

 
3,212 

 

 
2,377 

 

 
2,227 

 

Total fixed charges, as defined

 

$
33,858 

 

$
35,473 

 

$
37,024 

 

$
25,463 

 

$
24,284 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ratio of earnings to fixed charges

 

 

4.39x

 

 

4.00x

 

 

2.76x

 

 

3.59x

 

 

3.91x

 

Amount of earnings insufficient to cover fixed charges

 

 

—

 

 

—

 

 

—

 

 

—

 

 

—

 

 

(a)

Amount represents Income before income taxes as reported in the Company’s Consolidated Statements of Operations plus Net loss attributable to noncontrolling interests.

(b)

Includes the amortization of deferred financing costs and note discount.

(c)

Amount included in interest charges line item above. As such, it is backed out separately from the computation of fixed charges.