EX-12.1 10 lkq-ex121_20151231.htm EXHIBIT 12.1 Exhibit
Exhibit 12.1



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

 
 
Year Ended December 31,
 
 
2011
 
2012
 
2013
 
2014
 
2015
Income from continuing operations before provision for income taxes
 
$
335,771

 
$
409,167

 
$
475,827

 
$
587,888

 
$
649,030

Fixed charges
 
56,901

 
71,983

 
100,190

 
124,670

 
124,739

Amortization of capitalized interest, net of interest capitalized
 
(318
)
 
(57
)
 
56

 
(50
)
 
64

Earnings available for fixed charges
 
$
392,354

 
$
481,093

 
$
576,073

 
$
712,508

 
$
773,833

 
 
 
 
 
 
 
 
 
 
 
Fixed charges:
 
 
 
 
 
 
 
 
 
 
Interest expense, including amortization of debt issuance costs
 
$
24,307

 
$
31,429

 
$
51,184

 
$
64,542

 
$
57,860

Capitalized interest
 
479

 
296

 
130

 
264

 
166

Portion of rental expense representative of interest
 
32,115

 
40,258

 
48,876

 
59,864

 
66,713

Total fixed charges
 
$
56,901

 
$
71,983

 
$
100,190

 
$
124,670

 
$
124,739

Ratio of earnings to fixed charges
 
6.9

 
6.7

 
5.7

 
5.7

 
6.2