Exhibit 12.1

Computation of Ratio of Earnings to Fixed Charges

(unaudited)

(in thousands of dollars, except ratios)

	Three Months Ended March 31,		Year Ended December 31,
	2015		2014		2013		2012		2011		2010
Pre-tax income from continuing operations before adjustment for income or loss from equity investees	$	68,129	$	219,575	$	310,846	$	291,198	$	199,448	$	118,783
Fixed charges:
Interest expenses including amortization of deferred financing costs		12,088		47,696		37,146		20,321		25,983		34,864
Assumed interest component of rental expenses (1)		1,283		3,998		3,026		3,000		2,932		2,737
Total fixed charges		13,371		51,694		40,172		23,321		28,915		37,601
Earnings	$	81,500	$	271,269	$	351,018	$	314,519	$	228,363	$	156,384
Ratio of earnings to fixed charges (2)		6.10		5.25		8.74		13.49		7.90		4.16
Deficiency of earnings to fixed charges		—		—		—		—		—		—

(1) Estimated as 33% of operating lease expense for buildings and equipment and 10% of operating lease expense for ecoATM kiosk locations.

(2) During the periods covered by this table, we did not have any shares of preferred stock outstanding.