EX-12.1 3 a2182929zex-12_1.htm EX-12.1
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EXHIBIT 12.1


LKQ CORPORATION AND SUBSIDIARIES
Computation of Ratio of Earnings to Fixed Charges
(In Thousands, Except Ratios)
(Unaudited)

 
  Years Ended December 31,
 
 
  2003
  2004
  2005
  2006
  2007
 
Income before provision for income taxes   $ 24,153   $ 33,857   $ 51,683   $ 72,821   $ 108,271  
Fixed charges     4,915     4,883     6,677     13,197     28,865  
Amortization of capitalized interest, net of interest capitalized                     (425 )
   
 
 
 
 
 
  Earnings available for fixed charges   $ 29,068   $ 38,740   $ 58,360   $ 86,018   $ 136,711  
   
 
 
 
 
 
Fixed charges:                                
  Interest expense, including amortization of debt issuance costs   $ 2,074   $ 1,551     2,228     5,955     17,758  
  Capitalized interest                     425  
  Portion of rental expense representative of interest     2,841     3,332     4,449     7,242     10,682  
   
 
 
 
 
 
    Total fixed charges   $ 4,915   $ 4,883   $ 6,677   $ 13,197   $ 28,865  
   
 
 
 
 
 
  Ratio of earnings to fixed charges     5.9     7.9     8.7     6.5     4.7  
   
 
 
 
 
 



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LKQ CORPORATION AND SUBSIDIARIES Computation of Ratio of Earnings to Fixed Charges (In Thousands, Except Ratios) (Unaudited)