EX-12.1 5 d498494dex121.htm EX-12.1 EX-12.1

Exhibit 12.1

CARDTRONICS, INC. AND SUBSIDIARIES

RATIOS OF EARNINGS TO FIXED CHARGES

(in thousands)

 

     Years ended December 31,  
     2012     2011     2010     2009     2008  

EARNINGS:

          

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

   $ 70,600      $ 57,057      $ 23,820      $ 9,522      $ (70,386

Fixed charges (as outlined below)

     24,284        23,181        30,528        34,624        35,614   
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Total earnings, as defined

   $ 94,884      $ 80,238      $ 54,348      $ 44,146      $ (34,772
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

FIXED CHARGES:

          

Interest charges (b)

   $ 22,057      $ 21,109      $ 35,954      $ 32,528      $ 33,197   

Less: Write-off unamortized debt issuance costs (c)

     —          —          (7,296     —          —     

Interest component of rental expense

     2,227        2,072        1,870        2,096        2,417   
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Total fixed charges, as defined

   $ 24,284      $ 23,181      $ 30,528      $ 34,624      $ 35,614   
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Ratio of earnings to fixed charges

     3.91  x      3.46  x      1.78  x      1.28  x      N/A   

Amount of earnings insufficient to cover fixed charges

     —          —          —          —        $ 70,386   

 

(a) Amount represents Income (loss) before income taxes as reported in our Consolidated Statements of Operations plus net loss (income) attributable to noncontrolling interests.
(b) Includes the amortization of debt discount and debt issuance costs.
(c) Amounts included in interest charges line item above. As such, it is backed out separately from the computation of fixed charges.