Current Report Filing (8-k)

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934

Date Of Report (Date Of Earliest Event Reported) September 16, 2015

 

 

AutoNation, Inc.

(Exact name of registrant as specified in its charter)

 

 

 

Delaware		1-13107		73-1105145
(State or other jurisdiction of incorporation)		(Commission      File Number)		(IRS Employer Identification No.)

200 SW 1st Ave

Fort Lauderdale, Florida 33301

(Address of principal executive offices, including zip code)

Registrant's telephone number, including area code [phone]

 

(Former name or former address, if changed since last report)

 

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 

¨	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
¨	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
¨	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
¨	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

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Item 8.01	Other Events.

AutoNation, Inc. is filing this Current Report on Form 8-K to file the computation of its ratio of earnings to fixed charges for the six months ended June 30, 2015 and each of the five years from 2010 through 2014 as an exhibit for incorporation by reference into its Registration Statement on Form S-3 (File No. 333-193972).

Item 9.01	Financial Statements and Exhibits.

(d) Exhibits

12.1	Computation of ratio of earnings to fixed charges.

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

			AUTONATION, INC.
Date:	September 16, 2015		By:	/s/ Jonathan P. Ferrando
				Jonathan P. Ferrando
				Executive Vice President - General Counsel, Corporate Development and Human Resources

Exhibit 12.1

AutoNation, Inc.

Statement Regarding Computation of Ratio of Earnings to Fixed Charges

($ in millions)

		Six Months Ended				Year Ended December 31,
Earnings		June 30, 2015				2014				2013				2012				2011				2010
Income from continuing operations before income taxes		$	368.3			$	682.3			$	604.4			$	516.8			$	461.3			$	381.7
Fixed charges		79.6				158.5				159.4				149.7				128.8				120.0
Interest capitalized		(0.3		)		(1.2		)		(0.7		)		(0.6		)		(1.0		)		(1.2		)
Earnings, as defined		$	447.6			$	839.6			$	763.1			$	665.9			$	589.1			$	500.5
Fixed Charges
Floorplan interest expense (a)		$	27.4			$	53.3			$	53.4			$	45.5			$	42.7			$	42.8
Other interest expense (b)		43.1				86.9				88.6				87.2				66.5				56.6
Capitalized interest costs		0.3				1.2				0.7				0.6				1.0				1.2
Interest component of rent expense (c)		8.8				17.1				16.7				16.4				18.6				19.4
Total fixed charges		$	79.6			$	158.5			$	159.4			$	149.7			$	128.8			$	120.0
Ratio of earnings to fixed charges		5.6				5.3				4.8				4.4				4.6				4.2

(a)	Includes floorplan interest expense associated with discontinued operations.

(b)	Includes amortization of debt issuance costs and other interest expense associated with discontinued operations.

(c)	Calculated based on rent expense that includes amounts associated with discontinued operations.