EX-12.1 21 a2080475zex-12_1.htm EXHIBIT 12.1
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Exhibit 12.1

APCOA/STANDARD PARKING INC.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(AMOUNTS IN THOUSANDS, EXCEPT RATIO DATA)

 
   YEAR ENDED DEEMBER 31,
  
 
   1997
   1998
   1999
   2000
   2001
  
Income (loss) before income taxes and minority interest   $ 2,320   $ (19,642 ) $ (8,252 ) $ (10,637 ) $ (21,961 )
Fixed Charges     3,893     12,870     17,537     19,323     19,882  
   
 
 
 
 
 
Earnings   $ 6,213   $ (6,772 ) $ 9,285   $ 8,686   $ (2,079 )
   
 
 
 
 
 
Interest Expense   $ 3,713   $ 12,301   $ 16,743   $ 18,311   $ 18,403  
Amortization of deferred financing costs     180     569     794     1,012     1,479  
Interest portion of rent expense     —     —     —     —     —  
   
 
 
 
 
 
Fixed charges   $ 3,893   $ 12,870   $ 17,537   $ 19,323   $ 19,882  
   
 
 
 
 
 
Ratio of earnings to fixed charges     1.5x     Note 1     Note 1     Note 1     Note 1  
   
 
 
 
 
 

Note 1:  Earnings were inadequate to cover fixed charges by $19,642, $8,252, $10,637 and $21,961 for the years ended December 31, 1998, 1999, 2000 and 2001, respectively.



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