EX-12.1 5 a2082061zex-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 DECEMBER 31,
   March 31,
  
 
   1997
   1998
   1999
   2000
   2001
   2002
  
 
    
    
    
    
    
   (Unaudited)

  
Income (loss) before income taxes and minority interest   $ 2,320   $ (19,642 ) $ (8,252 ) $ (10,637 ) $ (21,961 ) $ (1,230 )
Fixed Charges     3,893     12,870     17,537     19,323     19,882     4,121  
   
 
 
 
 
 
 
Earnings   $ 6,213   $ (6,772 ) $ 9,285   $ 8,686   $ (2,079 ) $ 2,891  
   
 
 
 
 
 
 
Interest Expense   $ 3,713   $ 12,301   $ 16,743   $ 18,311   $ 18,403   $ 3,916  
Amortization of deferred financing costs     180     569     794     1,012     1,479     205  
Interest portion of rent expense     —     —     —     —     —     —  
   
 
 
 
 
 
 
Fixed charges   $ 3,893   $ 12,870   $ 17,537   $ 19,323   $ 19,882   $ 4,121  
   
 
 
 
 
 
 
Ratio of earnings to fixed charges     1.5x     Note 1     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, and by $1,230 for the three months ended March 31, 2002.



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