EX-99.6 9 a14-21467_1ex99d6.htm EX-99.6

Exhibit 99.6

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

|  | Year Ended December 31, |
|  | 2013 |  | 2012 |  | 2011 |  | 2010 |  | 2009 |
Income from continuing operations before undistributed earnings of equity method investments, amortization of capitalized interest, and taxes |  | 372.6 |  | 287.7 |  | 245.2 |  | 185.7 |  | 119.6 |
Less undistributed earnings of equity method investments |  | (30.7 | ) | (27.6 | ) | (25.4 | ) | (20.6 | ) | (13.8 | )
Plus distributed earnings of equity method investments |  | 10.8 |  | 23.6 |  | 9.2 |  | 9.9 |  | 21.3 |
Plus amortization of capitalized interest |  | 0.8 |  | 0.8 |  | 0.8 |  | 0.8 |  | 0.8 |
|  | 353.5 |  | 284.5 |  | 229.8 |  | 175.8 |  | 127.9 |
Plus: |  |  |  |  |  |  |  |  |  |  |
Fixed charges: |  |  |  |  |  |  |  |  |  |  |
Other interest expense (includes amortization of deferred financing costs) |  | 47.7 |  | 46.6 |  | 44.1 |  | 48.4 |  | 54.5 |
Debt discount amortization |  | — |  | — |  | 1.7 |  | 8.6 |  | 13.0 |
Floor plan interest expense |  | 43.3 |  | 38.1 |  | 26.6 |  | 32.4 |  | 32.7 |
Capitalized interest |  | 1.3 |  | 0.6 |  | 0.7 |  | 0.5 |  | 0.9 |
Interest factor in rental expense |  | 59.1 |  | 55.9 |  | 53.2 |  | 50.3 |  | 49.1 |
Total fixed charges |  | 151.4 |  | 141.2 |  | 126.3 |  | 140.2 |  | 150.2 |
Less: |  |  |  |  |  |  |  |  |  |  |
Capitalized interest |  | 1.3 |  | 0.6 |  | 0.7 |  | 0.5 |  | 0.9 |
Earnings |  | 503.6 |  | 425.1 |  | 355.4 |  | 315.5 |  | 277.2 |
Ratio of earnings to fixed charges |  | 3.3 |  | 3.0 |  | 2.8 |  | 2.3 |  | 1.8 |