EX-12.1 78 exhibit121.htm EXHIBIT 12.1 Exhibit 12.1

Exhibit 12.1
CST BRANDS, INC.
STATEMENTS OF COMPUTATIONS OF RATIOS OF EARNINGS TO
FIXED CHARGES
(Millions of Dollars)
 
Six Months Ended June 30,
 
Year Ended December 31,
 
2013
 
2012
 
2011
 
2010
 
2009
 
2008
Earnings:
 
 
 
 
 
 
 
 
 
 
 
Income from continuing operations before income tax expense
$
105

 
$
315

 
$
317

 
$
290

 
$
222

 
$
346

Add:
 
 
 
 
 
 
 
 
 
 
 
Fixed charges
15

 
17

 
17

 
17

 
16

 
17

Amortization of capitalized interest
—

 
—

 
—

 
—

 
—

 
—

Distributions from equity investees
—

 
—

 
—

 
—

 
—

 
—

Less:
 
 
 
 
 
 
 
 
 
 
 
Interest capitalized
—

 
—

 
—

 
—

 
—

 
—

Total earnings
$
120

 
$
332

 
$
334

 
$
307

 
$
238

 
$
363

 
 
 
 
 
 
 
 
 
 
 
 
Fixed charges:
 
 
 
 
 
 
 
 
 
 
 
Interest expense, net
7

 
1

 
1

 
1

 
1

 
—

Interest capitalized
—

 
—

 
—

 
—

 
—

 
—

Rental expense interest factor (a)
8

 
16

 
16

 
16

 
15

 
17

Total fixed charges
$
15

 
$
17

 
$
17

 
$
17

 
$
16

 
$
17

 
 
 
 
 
 
 
 
 
 
 
 
Ratio of earnings to fixed charges
8.0
x
 
19.5
x
 
19.6
x
 
18.1
x
 
14.9
x
 
21.4
x
(a)
The interest portion of rental expense represents one-third of rents, which is deemed representative of the interest portion of rental expense.

1