EX-12.1 2 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,
     2005    2006    2007     2008     2009

Income from continuing operations before provision for income taxes

    $ 50,358    $ 72,033    $ 104,654      $ 159,133      $ 205,317

Fixed charges

      6,481      13,000      28,478        56,271        53,993

Amortization of capitalized interest, net of interest capitalized

      —        —        (425 )      (93 )      44
                                    

Earnings available for fixed charges

    $ 56,839    $ 85,033    $ 132,707      $ 215,311      $ 259,354
                                    

Fixed charges:

             

Interest expense, including amortization of debt issuance costs

    $ 2,228    $ 5,955    $ 17,755      $ 37,830      $ 32,252

Capitalized interest

      —        —        425        108        —  

Portion of rental expense representative of interest

      4,253      7,045      10,298        18,333        21,741
                                    

Total fixed charges

    $ 6,481    $ 13,000    $ 28,478      $ 56,271      $ 53,993
                                    

Ratio of earnings to fixed charges

      8.8      6.5      4.7        3.8        4.8