Attached files
| file | filename |
|---|---|
| EX-31.2 - EXHIBIT 31.2 - TravelCenters of America Inc. /MD/ | a20151231ex312.htm |
| EX-31.1 - EXHIBIT 31.1 - TravelCenters of America Inc. /MD/ | a20151231ex311.htm |
| EX-32.1 - EXHIBIT 32.1 - TravelCenters of America Inc. /MD/ | a20151231ex321.htm |
| EX-21.1 - EXHIBIT 21.1 - TravelCenters of America Inc. /MD/ | a20151231ex211.htm |
| EX-23.1 - EXHIBIT 23.1 - TravelCenters of America Inc. /MD/ | a20151231ex231.htm |
| EX-23.2 - EXHIBIT 23.2 - TravelCenters of America Inc. /MD/ | a20151231ex232.htm |
| 10-K - 10-K - TravelCenters of America Inc. /MD/ | a2015123110k.htm |
Exhibit 12.1
TravelCenters of America LLC
Statement of Computation of Ratio of Earnings to Fixed Charges
Years Ended December 31, | |||||||||||||||||||
2015 | 2014 | 2013 | 2012 | 2011 | |||||||||||||||
(in thousands, except ratio amounts) | |||||||||||||||||||
Income before income taxes and income from equity investees | $ | 40,202 | $ | 95,768 | $ | 2,331 | $ | 31,812 | $ | 23,784 | |||||||||
Distributions received from equity investees | — | — | — | 4,800 | — | ||||||||||||||
Fixed charges | 106,344 | 93,101 | 90,880 | 79,161 | 75,471 | ||||||||||||||
Amortization of capitalized interest | 30 | 41 | 31 | — | — | ||||||||||||||
Capitalized interest | (1,797 | ) | (755 | ) | (1,033 | ) | — | — | |||||||||||
Total earnings | $ | 144,779 | $ | 188,155 | $ | 92,209 | $ | 115,773 | $ | 99,255 | |||||||||
Interest expense(1) | $ | 24,425 | $ | 17,241 | $ | 17,650 | $ | 10,358 | $ | 9,005 | |||||||||
Estimated interest within rent expense(2) | 80,122 | 75,105 | 72,197 | 68,803 | 66,466 | ||||||||||||||
Capitalized interest | 1,797 | 755 | 1,033 | — | — | ||||||||||||||
Total fixed charges | $ | 106,344 | $ | 93,101 | $ | 90,880 | $ | 79,161 | $ | 75,471 | |||||||||
Ratio of earnings to fixed charges | 1.36 | 2.02 | 1.01 | 1.46 | 1.32 | ||||||||||||||
(1) | Includes interest expense and amortization of premiums and discounts related to indebtedness. |
(2) | Estimated interest within rent expense includes one third of rental expense, which approximates the interest component of operating leases. |