Exhibit 12.1

SONIC AUTOMOTIVE, INC. AND SUBSIDIARIES

RATIO OF EARNINGS TO FIXED CHARGES

 

     Three Months Ended
March 31,
    Year Ended December 31,  
(In thousands)    2013     2012     2012     2011     2010     2009     2008  

Fixed charges:

              

Interest expense, including floor plan interest (1)

   $ 20,211      $ 21,926      $ 83,626      $ 90,894      $ 100,990      $ 114,221      $ 121,057   

Capitalized interest

     544        31        1,198        2,290        2,330        702        1,543   

Rent expense (interest factor)

     6,341        6,411        25,495        27,942        28,962        29,541        29,660   
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Total fixed charges

     27,096        28,368        110,319        121,126        132,282        144,464        152,260   

Income from continuing operations before income taxes and cumulative effect of change in accounting principle

     35,570        35,057        141,233        133,262        83,092        32,537        (755,755

Add: Fixed charges

     27,096        28,368        110,319        121,126        132,282        144,464        152,260   

Less: Capitalized interest

     (544     (31     (1,198     (2,290     (2,330     (702     (1,543
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Income from continuing operations before income taxes and cumulative effect of change in accounting principle & fixed charges

   $ 62,122      $ 63,394      $ 250,354      $ 252,098      $ 213,044      $ 176,299      $ (605,038
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Ratio of earnings to fixed charges

     2.3 x        2.2 x        2.3 x        2.1 x        1.6 x        1.2 x        (757,298

 

(1) Includes interest expense associated with discontinued operations.