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S-3 Filing
Global Partners (GLP) S-3Shelf registration
Filed: 31 May 13, 12:00am
Global Partners LP
Ratio of Earnings to Fixed Charges(a)
| | December 31, | |||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Three Months Ended March 31, 2013 | ||||||||||||||||||
| 2012 | 2011 | 2010 | 2009 | 2008 | ||||||||||||||
| (dollars in thousands) | ||||||||||||||||||
Earnings: | |||||||||||||||||||
Income before income taxes and before adjustment for noncontrolling interest | $ | 12,460 | $ | 48,320 | $ | 19,420 | $ | 27,038 | $ | 35,563 | $ | 22,207 | |||||||
Plus fixed charges | 10,784 | 42,973 | 36,604 | 25,894 | 16,887 | 22,577 | |||||||||||||
Total earnings | $ | 23,244 | $ | 91,293 | $ | 56,024 | $ | 52,932 | $ | 52,450 | $ | 44,784 | |||||||
Fixed Charges: | |||||||||||||||||||
Interest expense | $ | 8,916 | $ | 36,268 | $ | 31,209 | $ | 22,310 | $ | 15,188 | $ | 20,799 | |||||||
Amortization of deferred financing fees | 1,571 | 5,753 | 4,723 | 3,007 | 1,169 | 938 | |||||||||||||
Interest portion of rental expense | 297 | 952 | 672 | 577 | 530 | 840 | |||||||||||||
Total fixed charges | $ | 10,784 | $ | 42,973 | $ | 36,604 | $ | 25,894 | $ | 16,887 | $ | 22,577 | |||||||
Ratio of earnings to fixed charges(a) | 2.16 | 2.12 | 1.53 | 2.04 | 3.11 | 1.98 | |||||||||||||