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Content analysis
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H.S. junior Avg
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New words:
accelerated, Apex, book, mitigated, presence, virtually
Removed:
expect, favorable, insured, operation, remained, rent
Filing tables
Filing exhibits
- 10-Q Quarterly report
- 10.1 Incremental Commitment Agreement, Dated As of August 15, 2012
- 10.2 Fourth Amendment to the Amended and Restated Credit Agreement
- 10.3 First Amendment to the Amended and Restated Series 2010-6 Supplement
- 10.4 Amendment No. 3 to Series 2012-1 Supplement, Dated September 28, 2012
- 10.5 Incremental Revolving Commitment Agreement, Dated As of October 4, 2012
- 10.6 Incremental Revolving Commitment Agreement, Dated As of October 4, 2012
- 12 Statement Re: Computation of Ratio of Earnings to Fixed Charges
- 31.1 Certification of CEO Pursuant to Rules 13(A)-14(A) and 15(D)-14(A)
- 31.2 Certification of CFO Pursuant to Rules 13(A)-14(A) and 15(D)-14(A)
- 32 Certification Pursuant to 18 U.s.c. Section 1350
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Exhibit 12
Avis Budget Group, Inc.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Dollars in millions)
Nine Months Ended September 30, | ||||||||
2012 | 2011 | |||||||
Earnings before fixed charges: | ||||||||
Income before income taxes | $ | 363 | $ | 236 | ||||
Plus: Fixed charges | 541 | 409 | ||||||
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Earnings available to cover fixed charges | $ | 904 | $ | 645 | ||||
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Fixed charges(a): | ||||||||
Interest, including amortization of deferred financing costs | $ | 475 | $ | 359 | ||||
Interest portion of rental payments | 66 | 50 | ||||||
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Total fixed charges | $ | 541 | $ | 409 | ||||
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Ratio of earnings to fixed charges | 1.67x | 1.58x | ||||||
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(a) | Consists of interest expense on all indebtedness (including amortization of deferred financing costs) and the portion of operating lease rental expense that is representative of the interest factor. Interest expense on all indebtedness is detailed as follows: |
Nine Months Ended September 30, | ||||||||
2012 | 2011 | |||||||
Related to debt under vehicle programs | $ | 236 | $ | 209 | ||||
All other | 239 | 150 | ||||||
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$ | 475 | $ | 359 | |||||
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