EXHIBIT 12
LKQ CORPORATION AND SUBSIDIARIES
Computation of Ratio of Earnings to Fixed Charges
(In Thousands, Except Ratios)
(Unaudited)
Year Ended December 31, | Three Months Ended March 31, 2012 | |||||||||||||||||||||||
2007 | 2008 | 2009 | 2010 | 2011 | ||||||||||||||||||||
Income from continuing operations before provision for income taxes | $ | 104,654 | $ | 159,133 | $ | 205,317 | $ | 270,125 | $ | 335,771 | $ | 128,097 | ||||||||||||
Fixed charges | 28,478 | 56,271 | 53,993 | 54,769 | 56,901 | 16,738 | ||||||||||||||||||
Amortization of capitalized interest, net of interest capitalized | (425 | ) | (93 | ) | 44 | 2 | (318 | ) | (71 | ) | ||||||||||||||
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Earnings available for fixed charges | $ | 132,707 | $ | 215,311 | $ | 259,354 | $ | 324,896 | $ | 392,354 | $ | 144,764 | ||||||||||||
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Fixed charges: | ||||||||||||||||||||||||
Interest expense, including amortization of debt issuance costs | $ | 17,755 | $ | 37,830 | $ | 32,252 | $ | 29,765 | $ | 24,307 | $ | 7,406 | ||||||||||||
Capitalized interest | 425 | 108 | — | 35 | 479 | 127 | ||||||||||||||||||
Portion of rental expense representative of interest | 10,298 | 18,333 | 21,741 | 24,969 | 32,115 | 9,205 | ||||||||||||||||||
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Total fixed charges | $ | 28,478 | $ | 56,271 | $ | 53,993 | $ | 54,769 | $ | 56,901 | $ | 16,738 | ||||||||||||
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Ratio of earnings to fixed charges | 4.7 | 3.8 | 4.8 | 5.9 | 6.9 | 8.6 | ||||||||||||||||||
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