Exhibit 12.1
CARDTRONICS PLC AND SUBSIDIARIES
RATIOS OF EARNINGS TO FIXED CHARGES
(In thousands)
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| March 31, |
| Year ended December 31, |
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| 2016 |
| 2015 |
| 2014 |
| 2013 |
| 2012 |
| 2011 |
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EARNINGS: |
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Income before income taxes and cumulative effect of accounting changes (a) |
| $ | 23,339 |
| $ | 106,422 |
| $ | 65,314 |
| $ | 65,834 |
| $ | 70,600 |
| $ | 57,057 |
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Fixed charges (as outlined below) |
| 8,469 |
| 35,473 |
| 37,024 |
| 25,463 |
| 24,284 |
| 23,181 |
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Total earnings, as defined |
| $ | 31,808 |
| $ | 141,895 |
| $ | 102,338 |
| $ | 91,297 |
| $ | 94,884 |
| $ | 80,238 |
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FIXED CHARGES: |
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Interest charges (b) |
| $ | 7,274 |
| $ | 30,814 |
| $ | 33,812 |
| $ | 23,086 |
| $ | 22,057 |
| $ | 21,109 |
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Interest component of rental expense |
| 1,195 |
| 4,659 |
| 3,212 |
| 2,377 |
| 2,227 |
| 2,072 |
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Total fixed charges, as defined |
| $ | 8,469 |
| $ | 35,473 |
| $ | 37,024 |
| $ | 25,463 |
| $ | 24,284 |
| $ | 23,181 |
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Ratio of earnings to fixed charges |
| 3.76 | x | 4.00 | x | 2.76 | x | 3.59 | x | 3.91 | x | 3.46 | x |
(a) Amount represents Income before income taxes as reported in our Consolidated Statements of Operations plus net loss attributable to noncontrolling interests.
(b) Includes the amortization of debt discount and debt issuance costs.