EX-12.1 6 a2229054zex-12_1.htm COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

Exhibit 12.1

 

CARDTRONICS PLC AND SUBSIDIARIES

RATIOS OF EARNINGS TO FIXED CHARGES

(In thousands)

 

 

 

March 31,

 

Year ended December 31,

 

 

 

2016

 

2015

 

2014

 

2013

 

2012

 

2011

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

EARNINGS:

 

 

 

 

 

 

 

 

 

 

 

 

 

Income before income taxes and cumulative effect of accounting changes (a)

 

$

23,339

 

$

106,422

 

$

65,314

 

$

65,834

 

$

70,600

 

$

57,057

 

Fixed charges (as outlined below)

 

8,469

 

35,473

 

37,024

 

25,463

 

24,284

 

23,181

 

Total earnings, as defined

 

$

31,808

 

$

141,895

 

$

102,338

 

$

91,297

 

$

94,884

 

$

80,238

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

FIXED CHARGES:

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest charges (b)

 

$

7,274

 

$

30,814

 

$

33,812

 

$

23,086

 

$

22,057

 

$

21,109

 

Interest component of rental expense

 

1,195

 

4,659

 

3,212

 

2,377

 

2,227

 

2,072

 

Total fixed charges, as defined

 

$

8,469

 

$

35,473

 

$

37,024

 

$

25,463

 

$

24,284

 

$

23,181

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ratio of earnings to fixed charges

 

3.76

x

4.00

x

2.76

x

3.59

x

3.91

x

3.46

x

 

(a)              Amount represents Income before income taxes as reported in our Consolidated Statements of Operations plus net loss attributable to noncontrolling interests.

(b)             Includes the amortization of debt discount and debt issuance costs.