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- S-4 Registration of securities issued in business combination transactions
- 2.1 EX-2.1
- 3.1.1 EX-3.1.1
- 3.1.2 EX-3.1.2
- 3.1.3 EX-3.1.3
- 3.1.4 EX-3.1.4
- 3.2 EX-3.2
- 3.3.1 EX-3.3.1
- 3.3.2 EX-3.3.2
- 3.3.3 EX-3.3.3
- 3.4 EX-3.4
- 3.5 EX-3.5
- 3.6 EX-3.6
- 3.7 EX-3.7
- 3.8 EX-3.8
- 3.9 EX-3.9
- 3.10 EX-3.10
- 3.11 EX-3.11
- 3.12 EX-3.12
- 3.13 EX-3.13
- 3.14 EX-3.14
- 3.15 EX-3.15
- 3.16 EX-3.16
- 3.17.1 EX-3.17.1
- 3.17.2 EX-3.17.2
- 3.17.3 EX-3.17.3
- 3.17.4 EX-3.17.4
- 3.17.5 EX-3.17.5
- 3.17.6 EX-3.17.6
- 3.17.7 EX-3.17.7
- 3.17.8 EX-3.17.8
- 3.18 EX-3.18
- 3.19.1 EX-3.19.1
- 3.19.2 EX-3.19.2
- 3.20 EX-3.20
- 4.1.1 EX-4.1.1
- 4.1.2 EX-4.1.2
- 4.1.3 EX-4.1.3
- 4.2.1 EX-4.2.1
- 4.2.2 EX-4.2.2
- 4.3 EX-4.3
- 4.4.1 EX-4.4.1
- 4.4.2 EX-4.4.2
- 5.1 EX-5.1
- 5.2 EX-5.2
- 5.3 EX-5.3
- 10.1.1 EX-10.1.1
- 10.1.2 EX-10.1.2
- 10.1.3 EX-10.1.3
- 10.1.4 EX-10.1.4
- 10.1.5 EX-10.1.5
- 10.2.1 EX-10.2.1
- 10.2.2 EX-10.2.2
- 10.3.1 EX-10.3.1
- 10.3.2 EX-10.3.2
- 10.4.1 EX-10.4.1
- 10.4.2 EX-10.4.2
- 10.5.1 EX-10.5.1
- 10.5.2 EX-10.5.2
- 10.6.1 EX-10.6.1
- 10.6.2 EX-10.6.2
- 10.7.1 EX-10.7.1
- 10.7.2 EX-10.7.2
- 10.8.1 EX-10.8.1
- 10.8.2 EX-10.8.2
- 10.8.3 EX-10.8.3
- 10.8.4 EX-10.8.4
- 10.8.5 EX-10.8.5
- 10.8.6 EX-10.8.6
- 10.9 EX-10.9
- 10.10 EX-10.10
- 10.11 EX-10.11
- 10.12 EX-10.12
- 10.13 EX-10.13
- 10.14 EX-10.14
- 10.15 EX-10.15
- 10.16 EX-10.16
- 10.17 EX-10.17
- 10.18 EX-10.18
- 10.19 EX-10.19
- 10.20 EX-10.20
- 10.21 EX-10.21
- 10.22 EX-10.22
- 10.23 EX-10.23
- 10.24 EX-10.24
- 12.1 EX-12.1
- 21.1 EX-21.1
- 23.1 EX-23.1
- 23.2 EX-23.2
- 23.6 EX-23.6
- 25.1 EX-25.1
- 99.1 EX-99.1
- 99.2 EX-99.2
Exhibit 12.1
JACK COOPER HOLDINGS CORP.
Computation of Ratio of Earnings to Fixed Charges
(Unaudited)
|
| Years Ended December 31, |
| |||||||||||||
(in thousands) |
| 2015 |
| 2014 |
| 2013 |
| 2012 |
| 2011 |
| |||||
Earnings: |
|
|
|
|
|
|
|
|
|
|
| |||||
Loss before income taxes |
| $ | (68,887 | ) | $ | (61,515 | ) | $ | (53,273 | ) | $ | (5,491 | ) | $ | (26,242 | ) |
Less: |
|
|
|
|
|
|
|
|
|
|
| |||||
Net loss (income)attributable to noncontrolling interests |
| — |
| — |
| — |
| 417 |
| (44 | ) | |||||
Add: |
|
|
|
|
|
|
|
|
|
|
| |||||
Fixed charges |
| 51,639 |
| 47,228 |
| 63,287 |
| 30,400 |
| 26,233 |
| |||||
Total Earnings: |
| $ | (17,248 | ) | $ | (14,287 | ) | $ | 10,014 |
| $ | 25,326 |
| $ | (53 | ) |
Fixed Charges: |
|
|
|
|
|
|
|
|
|
|
| |||||
Interest Expense |
| 46,984 |
| 41,499 |
| 59,631 |
| 26,762 |
| 23,303 |
| |||||
Approximation of interest in rental expense |
| 4,655 |
| 5,729 |
| 3,656 |
| 3,638 |
| 2,930 |
| |||||
Total Fixed Charges: |
| $ | 51,639 |
| $ | 47,228 |
| $ | 63,287 |
| $ | 30,400 |
| $ | 26,233 |
|
Ratio of Earnings to Fixed Charges (a) |
| N/A |
| N/A |
| 0.16 |
| 0.83 |
| N/A |
|
We computed the ratio of earnings to fixed charges by dividing earnings by the sum of our fixed charges. For purposes of computing this ratio, “earnings” calculated in accordance with Item 503(d) of Regulation S-K consisted of (i) net loss before income taxes less (ii) net loss (income) attributable to non-controlling interest plus (iii) fixed charges. “Fixed charges” calculated in accordance with Item 503(d) of regulation S-K consisted of interest on all indebtedness, amortization of debt expense, plus an approximation of interest in rental expense. For purposes of this calculation, management estimates approximately one-third of rent expense consists of interest expense.
(a) Earnings were insufficient to cover fixed charges by $68.9 million, $61.5 million and $26.3 million for the years ended December 31, 2015, 2014 and 2011 respectively.