EX-12.1 5 dex121.htm COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES Computation of Ratio of Earnings to Fixed Charges

EXHIBIT 12.1

LKQ CORPORATION AND SUBSIDIARIES

Computation of Ratio of Earnings to Fixed Charges

(In Thousands, Except Ratios)

(Unaudited)

 

     Years Ended December 31,  
     2004    2005    2006    2007     2008  

Income before provision for income taxes

    $ 33,857    $ 51,683    $ 72,821    $ 108,271     $ 163,588  

Fixed charges

      4,883      6,677      13,197      28,865       57,101  

Amortization of capitalized interest, net of interest capitalized

      —        —        —        (425 )     (93 )
                                     

Earnings available for fixed charges

    $ 38,740    $ 58,360    $ 86,018    $ 136,711     $ 220,596  
                                     

Fixed charges:

              

Interest expense, including amortization of debt issuance costs

    $ 1,551    $ 2,228    $ 5,955    $ 17,758     $ 37,846  

Capitalized interest

      —        —        —        425       108  

Portion of rental expense representative of interest

      3,332      4,449      7,242      10,682       19,147  
                                     

Total fixed charges

    $ 4,883    $ 6,677    $ 13,197    $ 28,865     $ 57,101  
                                     

Ratio of earnings to fixed charges

      7.9      8.7      6.5      4.7       3.9