Exhibit 12.1
SONIC AUTOMOTIVE, INC. AND SUBSIDIARIES
Year Ended December 31, | Nine Months Ended September 30, | ||||||||||||||||||||
2000 | 2001 | 2002 | 2003 | 2004 | 2004 | 2005 | |||||||||||||||
(dollars in thousands) | |||||||||||||||||||||
Fixed charges: | |||||||||||||||||||||
Interest expense, other | $ | 39,468 | $ | 33,261 | $ | 40,810 | $ | 41,480 | $ | 42,436 | $ | 31,277 | $ | 34,445 | |||||||
Rent expense (interest factor) | 13,958 | 16,476 | 18,853 | 21,901 | 26,217 | 19,245 | 22,636 | ||||||||||||||
Total fixed charges | 53,426 | 49,737 | 59,663 | 63,381 | 68,653 | 50,522 | 57,081 | ||||||||||||||
Income from continuing operations before income taxes and cummulative effect of change in accounting principle | 108,229 | 130,397 | 172,564 | 129,440 | 150,461 | 117,319 | 123,200 | ||||||||||||||
Income from continuing operations before income taxes and cummulative effect of change in accounting principle & fixed charges | $ | 161,655 | $ | 180,134 | $ | 232,227 | $ | 192,821 | $ | 219,114 | $ | 167,841 | $ | 180,281 | |||||||
Ratio of earnings to fixed charges | 3.0x | 3.6x | 3.9x | 3.0x | 3.2x | 3.3x | 3.2x | ||||||||||||||
6