EX-12.1 4 catm-20171231ex121e5dddc.htm EX-12.1 catm_Ex12_1

Exhibit 12.1

 

CARDTRONICS PLC AND SUBSIDIARIES

RATIOS OF EARNINGS TO FIXED CHARGES

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year ended December 31,

 

 

    

2017

    

2016

    

2015

    

2014

    

2013

 

EARNINGS:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

$
(154,642)

 

$

114,613 

 

$

106,422 

 

$

65,314 

 

$

65,834 

 

Fixed charges (as outlined below)

 

 

52,735 

 

 

33,858 

 

 

35,473 

 

 

37,024 

 

 

25,463 

 

Total (losses) earnings, as defined

 

$
(101,907)

 

$

148,471 

 

$

141,895 

 

$

102,338 

 

$

91,297 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

FIXED CHARGES:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest charges (b)

 

$

47,610 

 

$

28,889 

 

$

30,814 

 

$

33,812 

 

$

23,086 

 

Interest component of rental expense

 

 

5,125 

 

 

4,969 

 

 

4,659 

 

 

3,212 

 

 

2,377 

 

Total fixed charges, as defined

 

$

52,735 

 

$

33,858 

 

$

35,473 

 

$

37,024 

 

$

25,463 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ratio of (losses) earnings to fixed charges (c)

 

 

— 

 

 

4.39 

x  

 

4.00 

x  

 

2.76 

x  

 

3.59 

x

Amount of earnings insufficient to cover fixed charges

 

 
(154,642)

 

 

— 

 

 

— 

 

 

— 

 

 

— 

 

 

(a)

Amount represents (Loss) 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)

For the year ended December 31, 2017, earnings before fixed charges, as defined, were inadequate to cover fixed charges by $155 million.