EX-12.1 9 lkq-ex121_20131231.htm EXHIBIT12.1 LKQ-EX12.1_2013.12.31-10K
Exhibit 12.1



LKQ CORPORATION AND SUBSIDIARIES
Computation of Ratio of Earnings to Fixed Charges
(In thousands, except ratios)
(Unaudited)

 
 
Year Ended December 31,
 
 
2009
 
2010
 
2011
 
2012
 
2013
Income from continuing operations before provision for income taxes
 
$
205,317

 
$
270,125

 
$
335,771

 
$
409,167

 
$
475,827

Fixed charges
 
53,993

 
54,769

 
56,901

 
71,983

 
100,190

Amortization of capitalized interest, net of interest capitalized
 
44

 
2

 
(318
)
 
(57
)
 
56

Earnings available for fixed charges
 
$
259,354

 
$
324,896

 
$
392,354

 
$
481,093

 
$
576,073

 
 
 
 
 
 
 
 
 
 
 
Fixed charges:
 
 
 
 
 
 
 
 
 
 
Interest expense, including amortization of debt issuance costs
 
$
32,252

 
$
29,765

 
$
24,307

 
$
31,429

 
$
51,184

Capitalized interest
 
—

 
35

 
479

 
296

 
130

Portion of rental expense representative of interest
 
21,741

 
24,969

 
32,115

 
40,258

 
48,876

Total fixed charges
 
$
53,993

 
$
54,769

 
$
56,901

 
$
71,983

 
$
100,190

Ratio of earnings to fixed charges
 
4.8

 
5.9

 
6.9

 
6.7

 
5.7