KAR Auction Services, Inc. - FORM 10-K - EX-12.1 - STATEMENT OF COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES - February 24, 2011

Attached files

file filename
10-K - FORM 10-K - KAR Auction Services, Inc.d10k.htm
EX-4.1H - SEVENTH SUPPLEMENTAL INDENTURE TO THE FLOATING SENIOR INDENTURE - KAR Auction Services, Inc.dex41h.htm
EX-4.2H - SEVENTH SUPPLEMENTAL INDENTURE TO THE FIXED SENIOR INDENTURE - KAR Auction Services, Inc.dex42h.htm
EX-4.2I - EIGHTH SUPPLEMENTAL INDENTURE TO THE FIXED SENIOR INDENTURE - KAR Auction Services, Inc.dex42i.htm
EX-31.2 - CERTIFICATION OF CHIEF FINANCIAL OFFICER PURSUANT TO SECTION 302 - KAR Auction Services, Inc.dex312.htm
EX-32.2 - CERTIFICATION OF CHIEF FINANCIAL OFFICER PURSUANT TO SECTION 906 - KAR Auction Services, Inc.dex322.htm
EX-4.3H - SEVENTH SUPPLEMENTAL INDENTURE TO THE SENIOR SUBORDINATED INDENTURE - KAR Auction Services, Inc.dex43h.htm
EX-4.3I - EIGHTH SUPPLEMENTAL INDENTURE TO THE SENIOR SUBORDINATED INDENTURE - KAR Auction Services, Inc.dex43i.htm
EX-32.1 - CERTIFICATION OF CHIEF EXECUTIVE OFFICER PURSUANT TO SECTION 906 - KAR Auction Services, Inc.dex321.htm
EX-21.1 - SUBSIDIARIES OF KAR AUCTION SERVICES, INC. - KAR Auction Services, Inc.dex211.htm
EX-4.1I - EIGHTH SUPPLEMENTAL INDENTURE TO THE FLOATING SENIOR INDENTURE - KAR Auction Services, Inc.dex41i.htm
EX-31.1 - CERTIFICATION OF CHIEF EXECUTIVE OFFICER PURSUANT TO SECTION 302 - KAR Auction Services, Inc.dex311.htm
EX-10.34 - DIRECTOR DESIGNATION AGREEMENT - KAR Auction Services, Inc.dex1034.htm
EX-10.12C - SEVERANCE, RELEASE AND WAIVER AGREEMENT - KAR Auction Services, Inc.dex1012c.htm
EX-23.1 - CONSENT OF KPMG LLP, INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM - KAR Auction Services, Inc.dex231.htm

EXHIBIT 12.1

KAR Auction Services, Inc.

Statement of Computation of Ratio of Earnings to Fixed Charges

(In millions, except ratios)

 

     For the Years Ended
December 31,		  
     2010      2009      2008  

Income (loss) before income taxes

    $ 96.8       $ 34.3       ($ 247.6 ) 
                          

Fixed charges (1)

         

Interest expense

      141.4         172.6         215.2   

Interest component of all rentals

      29.3         28.8         24.6   
                          

Total fixed charges

      170.7         201.4         239.8   

Earnings (losses) before income taxes and fixed charges

    $ 267.5       $ 235.7       ($ 7.8 ) 
                          

Ratio of earnings to fixed charges (2)

      1.6         1.2         —     
                          

 

(1)

Fixed charges represent interest and the interest component of all rentals. We use a reasonable approximation of the interest factor related to operating leases in calculating the interest component of all rentals.

(2)

The amount of deficiency was $247.6 million for the year ended December 31, 2008.

KAR Auction Services, Inc. Reports