Exhibit 12.1
CASH AMERICA INTERNATIONAL, INC.
RATIO OF EARNINGS TO FIXED CHARGES
($ in thousands)
| Six Months Ended June 30, |
For the years ended December 31, | |||||||||||||||||||||||
| 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | |||||||||||||||||||
| Earnings: |
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| Net income attributable to Cash America International, Inc. before noncontrolling interests and income taxes |
$ | 65,674 | $ | 132,803 | $ | 124,765 | $ | 96,168 | $ | 70,882 | $ | 55,023 | ||||||||||||
| Fixed charges |
17,618 | 30,908 | 29,079 | 23,285 | 21,471 | 16,393 | ||||||||||||||||||
| Less: Capitalized interest |
(412 | ) | (1,185 | ) | (683 | ) | — | — | — | |||||||||||||||
| Total earnings |
$ | 82,880 | $ | 162,526 | $ | 153,161 | $ | 119,453 | $ | 92,353 | $ | 71,416 | ||||||||||||
| Fixed charges: |
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| Interest expense |
$ | 10,155 | $ | 15,993 | $ | 16,021 | $ | 11,945 | $ | 10,610 | $ | 8,148 | ||||||||||||
| Captitalized interest |
412 | 1,185 | 683 | — | — | — | ||||||||||||||||||
| Portion of rent expense representative of interest |
7,051 | 13,730 | 12,375 | 11,340 | 10,861 | 8,245 | ||||||||||||||||||
| Total fixed charges |
$ | 17,618 | $ | 30,908 | $ | 29,079 | $ | 23,285 | $ | 21,471 | $ | 16,393 | ||||||||||||
| Ratio of earnings to fixed charges (1) |
4.7 | x | 5.3 | x | 5.3 | x | 5.1 | x | 4.3 | x | 4.4 | x | ||||||||||||
| (1) | For purposes of computing these ratios, “earnings” represent income from continuing operations before noncontrolling interest and income taxes plus fixed charges. “Fixed charges” consist of interest expense, including capitalized interest and one-third (the portion deemed representative of the interest factor) of rental expense on operating leases. Fixed charges also include interest expense related to uncertain tax positions. |