EXHIBIT 12
LKQ CORPORATION AND SUBSIDIARIES
Computation of Ratio of Earnings to Fixed Charges
(In Thousands, Except Ratios)
(Unaudited)
Years Ended December 31, | Three Months Ended March 31, 2009 | |||||||||||||||||||
2004 | 2005 | 2006 | 2007 | 2008 | ||||||||||||||||
Income before provision for income taxes | $ | 33,857 | $ | 51,683 | $ | 72,821 | $ | 108,271 | $ | 163,588 | $ | 53,838 | ||||||||
Fixed charges | 4,883 | 6,677 | 13,197 | 28,865 | 57,101 | 13,360 | ||||||||||||||
Amortization of capitalized interest, net of interest capitalized | — | — | — | (425 | ) | (93 | ) | 11 | ||||||||||||
Earnings available for fixed charges | $ | 38,740 | $ | 58,360 | $ | 86,018 | $ | 136,711 | $ | 220,596 | $ | 67,209 | ||||||||
Fixed charges: | ||||||||||||||||||||
Interest expense, including amortization of debt issuance costs | $ | 1,551 | $ | 2,228 | $ | 5,955 | $ | 17,758 | $ | 37,846 | $ | 7,997 | ||||||||
Capitalized interest | — | — | — | 425 | 108 | — | ||||||||||||||
Portion of rental expense representative of interest | 3,332 | 4,449 | 7,242 | 10,682 | 19,147 | 5,363 | ||||||||||||||
Total fixed charges | $ | 4,883 | $ | 6,677 | $ | 13,197 | $ | 28,865 | $ | 57,101 | $ | 13,360 | ||||||||
Ratio of earnings to fixed charges | 7.9 | 8.7 | 6.5 | 4.7 | 3.9 | 5.0 | ||||||||||||||