Exhibit 12.1
RATIOS OF EARNINGS TO FIXED CHARGES
Group 1 Automotive, Inc.
Ratios of Earnings to Fixed Charges
(Dollars in thousands, unaudited)
| For the three months ended March 31, 2015 | For the year ended December 31, | |||||||||||||||||||||||
| 2014 | 2013 | 2012 | 2011 | 2010 | ||||||||||||||||||||
Earnings: | ||||||||||||||||||||||||
Pretax income | $ | 57,472 | $ | 164,400 | $ | 191,895 | $ | 160,735 | $ | 132,094 | $ | 80,904 | ||||||||||||
Add: | ||||||||||||||||||||||||
Fixed charges | 26,324 | 105,739 | 97,233 | 84,395 | 78,429 | 79,342 | ||||||||||||||||||
Less: | ||||||||||||||||||||||||
Capitalized interest | (119 | ) | (731 | ) | (805 | ) | (689 | ) | (635 | ) | (131 | ) | ||||||||||||
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Total Earnings | $ | 83,677 | $ | 269,408 | $ | 288,323 | $ | 244,441 | $ | 209,888 | $ | 160,115 | ||||||||||||
Fixed Charges: | ||||||||||||||||||||||||
Interest expense | $ | 23,259 | $ | 91,306 | $ | 80,639 | $ | 69,261 | $ | 61,409 | $ | 61,327 | ||||||||||||
Estimated interest within rent expense | 2,946 | 13,702 | 15,789 | 14,445 | 16,385 | 17,884 | ||||||||||||||||||
Capitalized interest | 119 | 731 | 805 | 689 | 635 | 131 | ||||||||||||||||||
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Total Fixed Charges | $ | 26,324 | $ | 105,739 | $ | 97,233 | $ | 84,395 | $ | 78,429 | $ | 79,342 | ||||||||||||
Ratio of Earnings to Fixed Charges | 3.2 | 2.5 | 3.0 | 2.9 | 2.7 | 2.0 | ||||||||||||||||||
