EX-12.1 5 dex121.htm RATIO OF EARNINGS TO FIXED CHARGES Ratio of Earnings to Fixed Charges

 

Exhibit 12.1

 

Coinstar, Inc.

Computation of Ratio of Earnings to Fixed Charges

 

    

2002

   

2001

   

2000

     

1999

     

1998

  

Earnings:

                                         

Net income (loss) from continuing operations

   

$

62,455

   

$

1,741

   

$

(9,854

)

   

$

(15,711

)

   

$

(2,397

)

    
  
  
  
  

Add Back Fixed Charges:

                                         

Interest expense including amortization of deferred financing costs

   

 

3,710

   

 

8,302

   

 

8,517

 

   

 

11,164

 

   

 

10,817

 

Assumed interest component of rent expense(1)

   

 

475

   

 

477

   

 

469

 

   

 

450

 

   

 

455

 

    
  
  
  
  

Total fixed charges

   

 

4,185

   

 

8,779

   

 

8,986

 

   

 

11,614

 

   

 

11,272

 

    
  
  
  
  

Adjusted earnings (loss)

   

$

66,640

   

$

10,520

   

$

(868

)

   

$

(4,097

)

   

$

8,875

 

    
  
  
  
  

Ratio of earnings (deficiency) to fixed charges

   

 

15.92

   

 

1.20

   

 

(0.10

)

   

 

(0.35

)

   

 

0.79

 

    
  
  
  
  

Deficiency of earnings to fixed charges

   

 

—

   

 

—

   

$

9,854

 

   

$

(15,711

)

   

$

(2,397

)

                  
  
  
(1)   Estimated as one-third of operating lease expenses