EX-12.1 6 a07-5314_1ex12d1.htm EX-12.1

Exhibit 12.1

 

 

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

 

 

 

Years Ended December 31,

 

 

 

2002

 

2003

 

2004

 

2005

 

2006

 

 

 

 

 

 

 

 

 

 

 

 

 

Income before provision for income taxes and cumulative effect of change in accounting principle

 

$

18,268

 

$

24,153

 

$

33,857

 

$

51,683

 

$

72,821

 

 

 

 

 

 

 

 

 

 

 

 

 

Fixed charges deducted from income:

 

 

 

 

 

 

 

 

 

 

 

Interest expense

 

2,913

 

2,074

 

1,551

 

2,228

 

5,955

 

Stockholder loan guarantee fee

 

160

 

—

 

—

 

—

 

—

 

Implicit interest in rents

 

2,750

 

2,841

 

3,332

 

4,449

 

7,242

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

5,823

 

4,915

 

4,883

 

6,677

 

13,197

 

Earnings available for fixed charges

 

$

24,091

 

$

29,068

 

$

38,740

 

$

58,360

 

$

86,018

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest expense

 

$

2,913

 

$

2,074

 

$

1,551

 

$

2,228

 

$

5,955

 

Stockholder loan guarantee fee

 

160

 

—

 

—

 

—

 

—

 

Implicit interest in rents

 

2,750

 

2,841

 

3,332

 

4,449

 

7,242

 

 

 

 

 

 

 

 

 

 

 

 

 

Total fixed charges

 

$

5,823

 

$

4,915

 

$

4,883

 

$

6,677

 

$

13,197

 

 

 

 

 

 

 

 

 

 

 

 

 

Ratio of earnings to fixed charges

 

4.1

 

5.9

 

7.9

 

8.7

 

6.5