Global Partners LP
Ratio of Earnings to Fixed Charges
(Dollars in Thousands)
|
| Successor |
| Predecessor |
| |||||||||||||||||
|
| Nine Months |
| October 4 |
| January 1 |
|
|
|
|
|
|
|
|
| |||||||
|
| Ended |
| through |
| through |
|
|
|
|
|
|
|
|
| |||||||
|
| September 30, |
| December 31, |
| October 3, |
| Year Ended December 31, |
| |||||||||||||
|
| 2006 |
| 2005 |
| 2005 |
| 2004 |
| 2003 |
| 2002 |
| 2001 |
| |||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||
Income before income taxes |
| $ | 23,467 |
| $ | 10,394 |
| $ | 8,693 |
| $ | 17,309 |
| $ | 16,041 |
| $ | 5,986 |
| $ | 16,951 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||
Interest expense and amortized fees |
| 7,820 |
| 3,078 |
| 7,495 |
| 5,082 |
| 2,222 |
| 2,431 |
| 3,261 |
| |||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||
Interest portion of rental expense |
| 892 |
| 233 |
| 603 |
| 579 |
| 493 |
| 530 |
| 773 |
| |||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||
Earnings |
| $ | 32,179 |
| $ | 13,705 |
| $ | 16,791 |
| $ | 22,970 |
| $ | 18,756 |
| $ | 8,947 |
| $ | 20,985 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||
Interest expense and amortized fees |
| $ | 7,820 |
| $ | 3,078 |
| $ | 7,495 |
| $ | 5,082 |
| $ | 2,222 |
| $ | 2,431 |
| $ | 3,261 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||
Interest portion of rental expense |
| 892 |
| 233 |
| 603 |
| 579 |
| 493 |
| 530 |
| 773 |
| |||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||
Fixed charges |
| $ | 8,712 |
| $ | 3,311 |
| $ | 8,098 |
| $ | 5,661 |
| $ | 2,715 |
| $ | 2,961 |
| $ | 4,034 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||
Ratio or earnings to fixed charges |
| 3.69 |
| 4.14 |
| 2.07 |
| 4.06 |
| 6.91 |
| 3.02 |
| 5.20 |
|