EX-12.1 4 a07-2894_1ex12d1.htm EX-12.1

 

Exhibit 12.1

Global Partners LP
Ratio of Earnings to Fixed Charges
(Dollars in Thousands)

 

 

 

Successor

 

Predecessor

 

 

 

Year

 

October 4

 

January 1

 

 

 

 

 

 

 

 

 

Ended

 

through

 

through

 

 

 

 

 

 

 

 

 

December 31,

 

December 31,

 

October 3,

 

Year Ended December 31,

 

 

 

2006

 

2005

 

2005

 

2004

 

2003

 

2002

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income before income taxes

 

$

33,461

 

$

10,394

 

$

8,693

 

$

17,309

 

$

16,041

 

$

5,986

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest expense and amortized fees

 

12,305

 

3,078

 

7,495

 

5,082

 

2,222

 

2,431

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest portion of rental expense

 

1,195

 

233

 

603

 

579

 

493

 

530

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings

 

$

46,961

 

$

13,705

 

$

16,791

 

$

22,970

 

$

18,756

 

$

8,947

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest expense and amortized fees

 

$

12,305

 

$

3,078

 

$

7,495

 

$

5,082

 

$

2,222

 

$

2,431

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest portion of rental expense

 

1,195

 

233

 

603

 

579

 

493

 

530

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fixed charges

 

$

13,500

 

$

3,311

 

$

8,098

 

$

5,661

 

$

2,715

 

$

2,961

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ratio or earnings to fixed charges

 

3.48

 

4.14

 

2.07

 

4.06

 

6.91

 

3.02