Exhibit 12.1
LKQ CORPORATION AND SUBSIDIARIES
Computation of Ratio of Earnings to Fixed Charges
(In thousands, except ratios)
(Unaudited)
| Year Ended December 31, | Nine Months Ended September 30, | |||||||||||||||||||||||
| 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | |||||||||||||||||||
Income from continuing operations before provision for income taxes | $ | 159,133 | $ | 205,317 | $ | 270,125 | $ | 335,771 | $ | 409,167 | $ | 357,251 | ||||||||||||
Fixed charges | 56,271 | 53,993 | 54,769 | 56,901 | 71,983 | 72,606 | ||||||||||||||||||
Amortization of capitalized interest, net of interest capitalized | (93 | ) | 44 | 2 | (318 | ) | (57 | ) | 79 | |||||||||||||||
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Earnings available for fixed charges | $ | 215,311 | $ | 259,354 | $ | 324,896 | $ | 392,354 | $ | 481,093 | $ | 429,936 | ||||||||||||
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Fixed charges: | ||||||||||||||||||||||||
Interest expense, including amortization of debt issuance costs | $ | 37,830 | $ | 32,252 | $ | 29,765 | $ | 24,307 | $ | 31,429 | $ | 36,540 | ||||||||||||
Capitalized interest | 108 | — | 35 | 479 | 296 | 99 | ||||||||||||||||||
Portion of rental expense representative of interest | 18,333 | 21,741 | 24,969 | 32,115 | 40,258 | 35,967 | ||||||||||||||||||
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Total fixed charges | $ | 56,271 | $ | 53,993 | $ | 54,769 | $ | 56,901 | $ | 71,983 | $ | 72,606 | ||||||||||||
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Ratio of earnings to fixed charges | 3.8 | 4.8 | 5.9 | 6.9 | 6.7 | 5.9 | ||||||||||||||||||
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