EX-12.1 7 v50684exv12w1.htm EX-12.1 exv12w1
         
Exhibit 12.1
COINSTAR, INC.
Computation of Ratio of Earnings to Fixed Charges
(in thousands of dollars)
                                                 
    Nine Months    
    Ended    
    September 30,   Year Ended December 31,
    2008   2007   2006   2005   2004   2003
Earnings (1)
    32,792       (29,897 )     31,695       37,120       30,360       31,128  
Fixed Charges:
                                               
Interest expenses including amortization of deferred financing costs
    16,226       17,069       15,748       12,916       6,271       1,668  
Assumed interest component of rental expenses (2)
    3,907       3,300       3,036       3,630       1,617       486  
 
                                               
Total fixed charges
    20,133       20,369       18,784       16,546       7,888       2,154  
 
                                               
Adjusted earnings (loss)
    52,925       (9,528 )     50,479       53,666       38,248       33,282  
 
                                               
Ratio of earnings to fixed charges
    2.63             2.69       3.24       4.85       15.45  
 
                                               
Deficiency of earnings to fixed charges
          (29,897 )                        
 
                                               
 
(1)   Earnings represent pre-tax income (loss) from continuing operations before adjustments for minority interests in consolidated subsidiaries or income (loss) from equity investees plus distributed income of equity investees.
 
(2)   Estimated as one-third of operating lease expense.