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Filing tables
Filing exhibits
- 10-K Annual report
- 4.12 Sixth Supplemental Indenture for 7.625% Notes
- 4.16 Second Supplemental Indenture for 8.375% Notes
- 10.11 Parham Letter Agreement
- 10.19 Monaghan Amended and Restated Employee Agreement
- 10.21 Kearney Amended and Restated Employee Agreement
- 12.1 Computation of Financial Ratios
- 21 Subsidiaries of the Company
- 23.1 Consent of Independent Registered Public Accounting Firm
- 31.1 Section 302 CEO Certification
- 31.2 Section 302 CFO Certification
- 32.1 Section 906 CEO Certification
- 32.2 Section 906 CFO Certification
Related press release
ABG similar filings
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Exhibit 12.1
ASBURY AUTOMOTIVE GROUP, INC.
COMPUTATION OF FINANCIAL RATIOS
(In millions, except ratios)
Ratio of earnings to fixed charges | For the Years Ended December 31, | |||||||||||||||||||
EARNINGS COMPUTATION: | 2011 | 2010 | 2009 | 2008 | 2007 | |||||||||||||||
Income from continuing operations | $ | 48.0 | $ | 37.4 | $ | 25.7 | $ | (325.3 | ) | $ | 41.7 | |||||||||
Income tax Expense | 29.6 | 23.2 | 15.3 | (135.2 | ) | 23.0 | ||||||||||||||
Fixed charges | 68.4 | 68.0 | 68.7 | 84.6 | 89.0 | |||||||||||||||
Amortization of capitalized interest | 0.2 | 0.2 | 0.2 | 0.1 | 0.1 | |||||||||||||||
Capitalized interest | (0.4 | ) | (0.5 | ) | (0.4 | ) | (1.1 | ) | (0.3 | ) | ||||||||||
Earnings for purposes of computation | $ | 145.8 | $ | 128.3 | $ | 109.5 | $ | (376.9 | ) | $ | 153.5 | |||||||||
FIXED CHARGES COMPUTATION: | ||||||||||||||||||||
Interest expense | $ | 38.2 | $ | 35.4 | $ | 35.5 | $ | 39.8 | $ | 38.7 | ||||||||||
Floor plan interest expense | 9.2 | 9.2 | 10.4 | 21.2 | 30.0 | |||||||||||||||
Amortization deferred financing fees | 2.7 | 2.5 | 3.1 | 2.6 | 2.5 | |||||||||||||||
Swap Interest Expense | 5.5 | 6.6 | 6.6 | 5.5 | 1.7 | |||||||||||||||
Interest component of rent expense | 12.4 | 13.8 | 12.7 | 14.4 | 15.9 | |||||||||||||||
Capitalized interest | 0.4 | 0.5 | 0.4 | 1.1 | 0.3 | |||||||||||||||
Fixed charges for purposes of computation | $ | 68.4 | $ | 68.0 | $ | 68.7 | $ | 84.6 | $ | 89.1 | ||||||||||
RATIO OF EARNINGS TO FIXED CHARGES | 2.13 | x | 1.89 | x | 1.59 | x | (4.46 | ) | x | 1.72 | x |