EX-12.1 11 lkq-ex121_20171231.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,
 
 
2013
 
2014
 
2015
 
2016
 
2017
Income from continuing operations before provision for income taxes
 
$
475,827

 
$
587,888

 
$
649,030

 
$
677,281

 
$
766,627

Fixed charges
 
100,190

 
124,670

 
124,739

 
176,414

 
201,246

Amortization of capitalized interest, net of interest capitalized
 
56

 
(50
)
 
64

 
(423
)
 
141

Distributed income of unconsolidated subsidiaries
 
—

 
—

 
—

 
—

 
7,549

Earnings available for fixed charges
 
$
576,073

 
$
712,508

 
$
773,833

 
$
853,272

 
$
975,563

 
 
 
 
 
 
 
 
 
 
 
Fixed charges:
 
 
 
 
 
 
 
 
 
 
Interest expense, including amortization of debt issuance costs
 
$
51,184

 
$
64,542

 
$
57,860

 
$
88,263

 
$
101,640

Capitalized interest
 
130

 
264

 
166

 
824

 
318

Portion of rental expense representative of interest
 
48,876

 
59,864

 
66,713

 
87,327

 
99,288

Total fixed charges
 
$
100,190

 
$
124,670

 
$
124,739

 
$
176,414

 
$
201,246

Ratio of earnings to fixed charges
 
5.7

 
5.7

 
6.2

 
4.8

 
4.8