APCOA/STANDARD PARKING INC.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(AMOUNTS IN THOUSANDS, EXCEPT RATIO DATA)
| | YEAR ENDED DECEMBER 31, | March 31, | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| | 1997 | 1998 | 1999 | 2000 | 2001 | 2002 | |||||||||||||
| | | | | | | (Unaudited) | |||||||||||||
| Income (loss) before income taxes and minority interest | $ | 2,320 | $ | (19,642 | ) | $ | (8,252 | ) | $ | (10,637 | ) | $ | (21,961 | ) | $ | (1,230 | ) | ||
| Fixed Charges | 3,893 | 12,870 | 17,537 | 19,323 | 19,882 | 4,121 | |||||||||||||
| Earnings | $ | 6,213 | $ | (6,772 | ) | $ | 9,285 | $ | 8,686 | $ | (2,079 | ) | $ | 2,891 | |||||
| Interest Expense | $ | 3,713 | $ | 12,301 | $ | 16,743 | $ | 18,311 | $ | 18,403 | $ | 3,916 | |||||||
| Amortization of deferred financing costs | 180 | 569 | 794 | 1,012 | 1,479 | 205 | |||||||||||||
| Interest portion of rent expense | — | — | — | — | — | — | |||||||||||||
| Fixed charges | $ | 3,893 | $ | 12,870 | $ | 17,537 | $ | 19,323 | $ | 19,882 | $ | 4,121 | |||||||
| Ratio of earnings to fixed charges | 1.5x | Note 1 | Note 1 | Note 1 | Note 1 | Note 1 | |||||||||||||
Note 1: Earnings were inadequate to cover fixed charges by $19,642, $8,252, $10,637 and $21,961 for the years ended December 31, 1998, 1999, 2000 and 2001, respectively, and by $1,230 for the three months ended March 31, 2002.
