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S-3ASR Filing
O'Reilly Automotive (ORLY) S-3ASRAutomatic shelf registration
Filed: 16 Aug 12, 12:00am
Exhibit 12.1
O’Reilly Automotive, Inc.
Computation of Ratio of Earnings to Fixed Charges
Six Months Ended June 30, | Fiscal Year | |||||||||||||||||||||||||||
2012 | 2011 | 2011 | 2010 | 2009 | 2008 | 2007 | ||||||||||||||||||||||
Earnings | ||||||||||||||||||||||||||||
Income before income taxes | $ | 474,862 | $ | 383,156 | $ | 815,773 | $ | 689,373 | $ | 496,898 | $ | 302,532 | $ | 307,488 | ||||||||||||||
Fixed charges | 66,030 | 58,112 | 121,157 | 132,210 | 138,920 | 83,266 | 27,590 | |||||||||||||||||||||
Less: Capitalized interest | (2,613 | ) | (2,378 | ) | (4,666 | ) | (5,133 | ) | (6,715 | ) | (2,318 | ) | (2,554 | ) | ||||||||||||||
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Adjusted earnings | $ | 538,279 | $ | 438,890 | $ | 932,264 | $ | 816,450 | $ | 629,103 | $ | 383,480 | $ | 332,524 | ||||||||||||||
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Fixed charges | ||||||||||||||||||||||||||||
Interest expense | $ | 20,243 | $ | 13,342 | $ | 31,378 | $ | 35,847 | $ | 43,383 | $ | 24,372 | $ | 6,197 | ||||||||||||||
Amortization of debt issuance costs | 641 | 530 | 1,453 | 8,559 | 8,508 | 4,084 | 80 | |||||||||||||||||||||
Interest portion of rent expense | 45,146 | 44,240 | 88,326 | 87,804 | 87,029 | 54,810 | 21,313 | |||||||||||||||||||||
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Total fixed charges | $ | 66,030 | $ | 58,112 | $ | 121,157 | $ | 132,210 | $ | 138,920 | $ | 83,266 | $ | 27,590 | ||||||||||||||
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Ratio of earnings to fixed charges | 8.2x | 7.6x | 7.7x | 6.2x | 4.5x | 4.6x | 12.1x |