Attached files
| file | filename |
|---|---|
| EX-32 - EXHIBIT 32 - Allegiant Travel CO | a2017q4exhibit32.htm |
| EX-31.2 - EXHIBIT 31.2 - Allegiant Travel CO | a2017q4exhibit312.htm |
| EX-31.1 - EXHIBIT 31.1 - Allegiant Travel CO | a2017q4exhibit311.htm |
| EX-23.2 - EXHIBIT 23.2 - Allegiant Travel CO | a201710kexhibit232.htm |
| EX-23.1 - EXHIBIT 23.1 - Allegiant Travel CO | a201710kexhibit231.htm |
| EX-21 - EXHIBIT 21 - Allegiant Travel CO | a201710kexhibit21.htm |
| EX-10.17 - EXHIBIT 10.17 - Allegiant Travel CO | a2017q4exhibit1017.htm |
| 10-K - FORM 10-K - Allegiant Travel CO | algt201710kdoc.htm |
Exhibit 12
Computation of Ratio of Earnings to Fixed Charges
(in thousands, except for ratio)
For the Year Ended December 31, | |||||||||||||||||||
2017 | 2016 | 2015 | 2014 | 2013 | |||||||||||||||
Earnings: | |||||||||||||||||||
Income before income taxes | $ | 195,546 | $ | 345,958 | $ | 346,719 | $ | 137,131 | $ | 146,680 | |||||||||
Add: Fixed Charges | 44,924 | 33,058 | 28,843 | 24,027 | 13,625 | ||||||||||||||
Add: Amortization of capitalized interest | 168 | 130 | 127 | 141 | 139 | ||||||||||||||
Less: Interest capitalized | 3,188 | 1,763 | — | — | 123 | ||||||||||||||
Less: Earnings from joint venture, net | 159 | 164 | 136 | 217 | 393 | ||||||||||||||
Plus: pre-tax net loss attributable to noncontrolling interest | — | — | (44 | ) | (386 | ) | (494 | ) | |||||||||||
Total earnings | $ | 237,291 | $ | 377,219 | $ | 375,597 | $ | 161,468 | $ | 160,422 | |||||||||
Fixed charges: | |||||||||||||||||||
Interest costs (1) | $ | 42,178 | $ | 30,599 | $ | 26,510 | $ | 21,205 | $ | 9,493 | |||||||||
Interest factor of operating lease expense (2) | 2,746 | 2,459 | 2,333 | 2,822 | 4,132 | ||||||||||||||
Total fixed charges | $ | 44,924 | $ | 33,058 | $ | 28,843 | $ | 24,027 | $ | 13,625 | |||||||||
Ratio of earnings to fixed charges (3) | 5.28 | 11.41 | 13.02 | 6.72 | 11.77 | ||||||||||||||
(1) | Interest costs include both interest expensed and capitalized, including amortization of deferred financing costs and original issue discount on debt. |
(2) | Interest factor of operating lease expense is based on an estimate which the Company considers to be a reasonable approximation. |
(3) | The ratio of earnings to fixed charges was computed by dividing earnings by fixed charges. |