Exhibit 12.1
CARDTRONICS, INC. AND SUBSIDIARIES
RATIOS OF EARNINGS TO FIXED CHARGES
(in thousands)
| Years ended December 31, | ||||||||||||||||||||
| 2012 | 2011 | 2010 | 2009 | 2008 | ||||||||||||||||
EARNINGS: | ||||||||||||||||||||
Income (loss) before income taxes and cumulative effect of accounting changes (a) | $ | 70,600 | $ | 57,057 | $ | 23,820 | $ | 9,522 | $ | (70,386 | ) | |||||||||
Fixed charges (as outlined below) | 24,284 | 23,181 | 30,528 | 34,624 | 35,614 | |||||||||||||||
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Total earnings, as defined | $ | 94,884 | $ | 80,238 | $ | 54,348 | $ | 44,146 | $ | (34,772 | ) | |||||||||
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FIXED CHARGES: | ||||||||||||||||||||
Interest charges (b) | $ | 22,057 | $ | 21,109 | $ | 35,954 | $ | 32,528 | $ | 33,197 | ||||||||||
Less: Write-off unamortized debt issuance costs (c) | — | — | (7,296 | ) | — | — | ||||||||||||||
Interest component of rental expense | 2,227 | 2,072 | 1,870 | 2,096 | 2,417 | |||||||||||||||
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Total fixed charges, as defined | $ | 24,284 | $ | 23,181 | $ | 30,528 | $ | 34,624 | $ | 35,614 | ||||||||||
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Ratio of earnings to fixed charges | 3.91 | x | 3.46 | x | 1.78 | x | 1.28 | x | N/A | |||||||||||
Amount of earnings insufficient to cover fixed charges | — | — | — | — | $ | 70,386 | ||||||||||||||
| (a) | Amount represents Income (loss) before income taxes as reported in our Consolidated Statements of Operations plus net loss (income) attributable to noncontrolling interests. |
| (b) | Includes the amortization of debt discount and debt issuance costs. |
| (c) | Amounts included in interest charges line item above. As such, it is backed out separately from the computation of fixed charges. |
