Attached files
| file | filename |
|---|---|
| EX-32.1 - EXHIBIT 32.1 - TravelCenters of America Inc. /MD/ | a20170630ex321.htm |
| EX-31.2 - EXHIBIT 31.2 - TravelCenters of America Inc. /MD/ | a20170630ex312.htm |
| EX-31.1 - EXHIBIT 31.1 - TravelCenters of America Inc. /MD/ | a20170630ex311.htm |
| 10-Q - 10-Q - TravelCenters of America Inc. /MD/ | a2017063010q.htm |
Exhibit 12.1
TravelCenters of America LLC
Statement of Computation of Ratio of Earnings to Fixed Charges
Six Months Ended June 30, 2017 | Years Ended December 31, | ||||||||||||||||||||||
2016 | 2015 | 2014 | 2013 | 2012 | |||||||||||||||||||
(in thousands, except ratio amounts) | |||||||||||||||||||||||
(Loss) income before income taxes, income from equity investees and noncontrolling interests | $ | (55,265 | ) | $ | (8,206 | ) | $ | 40,202 | $ | 95,768 | $ | 2,331 | $ | 31,812 | |||||||||
Distributions received from equity investees | — | 3,000 | 4,800 | — | — | 4,800 | |||||||||||||||||
Fixed charges | 61,488 | 118,248 | 106,344 | 93,101 | 90,880 | 79,161 | |||||||||||||||||
Amortization of capitalized interest | 63 | 90 | 30 | 41 | 31 | — | |||||||||||||||||
Capitalized interest | (471 | ) | (2,377 | ) | (1,797 | ) | (755 | ) | (1,033 | ) | — | ||||||||||||
Total earnings | $ | 5,815 | $ | 110,755 | $ | 149,579 | $ | 188,155 | $ | 92,209 | $ | 115,773 | |||||||||||
Interest expense(1) | $ | 15,303 | $ | 28,438 | $ | 24,425 | $ | 17,241 | $ | 17,650 | $ | 10,358 | |||||||||||
Estimated interest within real estate rent expense(2) | 45,714 | 87,433 | 80,122 | 75,105 | 72,197 | 68,803 | |||||||||||||||||
Capitalized interest | 471 | 2,377 | 1,797 | 755 | 1,033 | — | |||||||||||||||||
Total fixed charges | $ | 61,488 | $ | 118,248 | $ | 106,344 | $ | 93,101 | $ | 90,880 | $ | 79,161 | |||||||||||
Ratio of earnings to fixed charges | 0.09 | 0.94 | 1.41 | 2.02 | 1.01 | 1.46 | |||||||||||||||||
Deficiency of earnings available to cover fixed charges | $ | (55,673 | ) | $ | (7,493 | ) | $ N/A | $ N/A | $ N/A | $ N/A | |||||||||||||
(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. |