EX-12.1 3 c72736exv12w1.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
                                         
    2007     2006     2005     2004     2003  
Interest expense per financial statements (1)
  $ 38,146     $ 42,098     $ 44,165     $ 33,343     $ 6,762  
Interest expense related to rent (2)
    193       164       167       187       421  
 
                             
Total fixed charges
  $ 38,339     $ 42,262     $ 44,332     $ 33,530     $ 7,183  
 
                             
 
                                       
Net income per financial statements
  $ 23,704     $ 26,609     $ 22,591     $ 254,555     $ 58,389  
Interest expense
    38,146       42,098       44,165       33,343       6,762  
Minority loss
    236       183       139       137       400  
 
                             
Total earnings
  $ 62,086     $ 68,890     $ 66,895     $ 288,035     $ 65,551  
 
                             
 
                                       
Ratio of earnings to fixed charges
    1.6 x       1.6 x       1.5 x       8.6 x       9.1 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.