AutoNation 2015 Annual Report Download - page 105
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Exhibit 12.1
Income from continuing operations before income taxes
$ 722.7
$ 682.3
$ 604.4
$ 516.8
$ 461.3
Fixed charges
168.2
158.5
159.4
149.7
128.8
Interest capitalized
(0.9)
(1.2)
(0.7)
(0.6)
(1.0)
Earnings, as defined
$ 890.0
$ 839.6
$ 763.1
$ 665.9
$ 589.1
Floorplan interest expense
$ 58.3
$ 53.3
$ 53.4
$ 45.5
$ 42.7
Other interest expense (a)
91.1
86.9
88.6
87.2
66.5
Capitalized interest costs
0.9
1.2
0.7 0.6 1.0
Interest component of rent expense (b)
17.9
17.1
16.7
16.4
18.6
Total fixed charges
$ 168.2
$ 158.5
$ 159.4
$ 149.7
$ 128.8
(a) Includes amortization of debt issuance costs and other interest expense associated with discontinued operations.
(b) Calculated based on rent expense that includes amounts associated with discontinued operations.