EX-12.1 3 c70305exv12w1.htm EXHIBIT 12.1 Filed by Bowne Pure Compliance
 

EXHIBIT 12.1
GLOBAL CASH ACCESS HOLDINGS, INC. AND SUBSIDIARIES
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
                                         
    2006     2005     2004     2003     2002  
Interest expense per financial statements (1)
   $ 42,098     $ 44,165     $ 33,343     $ 6,762     $ 6,216  
Interest expense related to rent (2)
     164       167       187       421       553  
 
                              
Total fixed charges
   $ 42,262     $ 44,332     $ 33,530     $ 7,183     $ 6,769  
 
                              
Net income per financial statements
   $ 26,609     $ 22,591     $ 254,555     $ 58,389     $ 50,422  
Interest expense
     42,098       44,165       33,343       6,762       6,216  
Minority loss
     183       139       137       400       1,040  
 
                              
Total earnings
   $ 68,890     $ 66,895     $ 288,035     $ 65,551     $ 57,678  
 
                              
Ratio of earnings to fixed charges
     1.6 x       1.5 x       8.6 x       9.1 x       8.5 x  
 
(1)  
Interest expense includes interest expense on ATM funding arrangements, borrowings and the amortization of capitalized debt issuance costs related to all borrowings.
 
(2)  
One-third of all rental expense is deemed to be interest.