0000350698-17-000122.txt : 20171107 0000350698-17-000122.hdr.sgml : 20171107 20171107090258 ACCESSION NUMBER: 0000350698-17-000122 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20171107 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20171107 DATE AS OF CHANGE: 20171107 FILER: COMPANY DATA: COMPANY CONFORMED NAME: AUTONATION, INC. CENTRAL INDEX KEY: 0000350698 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-AUTO DEALERS & GASOLINE STATIONS [5500] IRS NUMBER: 731105145 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-13107 FILM NUMBER: 171181272 BUSINESS ADDRESS: STREET 1: 200 SW 1ST AVE STREET 2: SUITE 1600 CITY: FORT LAUDERDALE STATE: FL ZIP: 33301 BUSINESS PHONE: 9547696000 MAIL ADDRESS: STREET 1: 200 SW 1ST AVE STREET 2: SUITE 1600 CITY: FORT LAUDERDALE STATE: FL ZIP: 33301 FORMER COMPANY: FORMER CONFORMED NAME: AUTONATION, INC. /FL DATE OF NAME CHANGE: 20090827 FORMER COMPANY: FORMER CONFORMED NAME: AutoNation, Inc. /FL DATE OF NAME CHANGE: 20090827 FORMER COMPANY: FORMER CONFORMED NAME: AUTONATION INC /FL DATE OF NAME CHANGE: 19990407 8-K 1 a8k917ratioofearningstofix.htm FORM 8-K Document


 
 
 
 
 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
 
FORM 8-K
 

 CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date Of Report (Date Of Earliest Event Reported) November 7, 2017
 
 AutoNation, Inc.
(Exact name of registrant as specified in its charter)
 
  
Delaware
 
1-13107   
 
73-1105145
(State or other jurisdiction
of incorporation)
 
(Commission     
File Number)     
 
(IRS Employer
Identification No.)
200 SW 1st Ave
Fort Lauderdale, Florida 33301
(Address of principal executive offices, including zip code)
Registrant's telephone number, including area code (954) 769-6000
 
(Former name or former address, if changed since last report)
 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
☐
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
 
Emerging growth company o
 
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o
 
 
 
 
 





Item 8.01
Other Events.
AutoNation, Inc. is filing this Current Report on Form 8-K to file the computation of its ratio of earnings to fixed charges for the nine months ended September 30, 2017, and each of the five years from 2012 through 2016 as an exhibit for incorporation by reference into its Registration Statement on Form S-3, as amended (File No. 333-209585).
Item 9.01
Financial Statements and Exhibits.
(d) Exhibits
12.1





SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 
 
 
AUTONATION, INC.
 
 
 
 
 
 
Date:
November 7, 2017
 
By:
 
/s/ C. Coleman Edmunds
 
 
 
 
 
C. Coleman Edmunds
 
 
 
 
 
Executive Vice President, General Counsel and Corporate Secretary



 EX-12.1 2 a8k917ex121ratioofearnings.htm STATEMENT REGARDING COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES Exhibit


Exhibit 12.1
AutoNation, Inc.
Statement Regarding Computation of Ratio of Earnings to Fixed Charges
($ in millions)


 
 
Nine Months Ended
 
Year Ended December 31,
Earnings
 
September 30, 2017
 
2016
 
2015
 
2014
 
2013
 
2012
Income from continuing operations before income taxes
 
$
462.6

 
$
702.3

 
$
722.7

 
$
682.3

 
$
604.4

 
$
516.8

Fixed charges
 
173.2

 
210.9

 
168.2

 
158.5

 
159.4

 
149.7

Interest capitalized
 
(0.7
)
 
(0.5
)
 
(0.9
)
 
(1.2
)
 
(0.7
)
 
(0.6
)
Earnings, as defined
 
$
635.1

 
$
912.7

 
$
890.0

 
$
839.6

 
$
763.1

 
$
665.9

 
 
 
 
 
 
 
 
 
 
 
 
 
Fixed Charges
 
 
 
 
 
 
 
 
 
 
 
 
Floorplan interest expense
 
$
70.7

 
$
76.5

 
$
58.3

 
$
53.3

 
$
53.4

 
$
45.5

Other interest expense (a)
 
88.0

 
115.6

 
91.1

 
86.9

 
88.6

 
87.2

Capitalized interest costs
 
0.7

 
0.5

 
0.9

 
1.2

 
0.7

 
0.6

Interest component of rent expense (b)
 
13.8

 
18.3

 
17.9

 
17.1

 
16.7

 
16.4

Total fixed charges
 
$
173.2

 
$
210.9

 
$
168.2

 
$
158.5

 
$
159.4

 
$
149.7

 
 
 
 
 
 
 
 
 
 
 
 
 
Ratio of earnings to fixed charges
 
3.7

 
4.3

 
5.3

 
5.3

 
4.8

 
4.4


(a)
Includes amortization of debt issuance costs and other interest expense associated with discontinued operations.
(b)
Calculated based on rent expense that includes amounts associated with discontinued operations.