EX-12.1 24 dex121.htm STATEMENT RE COMPUTATION OF RATIOS Prepared by R.R. Donnelley Financial -- Statement Re Computation of Ratios
EXHIBIT 12.1
 
AMERICREDIT CORP.
 
STATEMENT RE COMPUTATION OF RATIOS
(Dollars in Thousands)
 
    
Years Ended June 30,
  
    
2002
     
2001
     
2000
  
COMPUTATION OF EARNINGS:
                           
Income before income taxes
   
$
565,012
 
   
$
362,360
 
   
$
190,292
 
Fixed charges
   
 
144,069
 
   
 
121,783
 
   
 
73,854
 
    
  
  
    
$
709,081
 
   
$
484,143
 
   
$
264,146
 
    
  
  
COMPUTATION OF FIXED CHARGES:
                           
Fixed charges: (a)
                           
Interest expense
  
$
135,928
 
   
$
116,024
 
   
$
69,310
 
Implicit interest in rent
   
 
8,141
 
   
 
5,759
 
   
 
4,544
 
    
  
  
    
$
144,069
 
   
$
121,783
 
   
$
73,854
 
    
  
  
RATIO OF EARNINGS TO FIXED CHARGES
   
 
4.9
x
   
 
4.0
x
   
 
3.6
x
    
  
  
(a)
 
For purposes of such computation, the term “fixed charges” represents interest expense and a portion of rentals representative of an implicit interest factor for such rentals.