Exhibit 12.1
AMERICREDIT CORP.
STATEMENT RE COMPUTATION OF RATIOS
(dollars in thousands)
| Years Ended June 30, | |||||||||||||||
| 2006 | 2005 | 2004 | 2003 | 2002 | |||||||||||
COMPUTATION OF EARNINGS: | |||||||||||||||
Income before income taxes | $ | 485,235 | $ | 452,399 | $ | 365,116 | $ | 34,486 | $ | 511,496 | |||||
Fixed charges | 425,180 | 269,146 | 261,137 | 214,062 | 144,069 | ||||||||||
| $ | 910,415 | $ | 721,545 | $ | 626,253 | $ | 248,548 | $ | 655,565 | ||||||
COMPUTATION OF FIXED CHARGES: | |||||||||||||||
Fixed charges: (a) | |||||||||||||||
Interest expense | $ | 419,360 | $ | 264,276 | $ | 251,963 | $ | 202,225 | $ | 135,928 | |||||
Implicit interest in rent | 5,820 | 4,870 | 9,174 | 11,837 | 8,141 | ||||||||||
| $ | 425,180 | $ | 269,146 | $ | 261,137 | $ | 214,062 | $ | 144,069 | ||||||
RATIO OF EARNINGS TO FIXED CHARGES | 2.1x | 2.7x | 2.4x | 1.2x | 4.6x | ||||||||||
(a) For purposes of such computation, the term “fixed charges” represents interest expense and a portion of rentals representative of an implicit interest factor for such rentals.
