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AN » Topics » Page 6

This excerpt taken from the AN 8-K filed Feb 11, 2010.

Page 4

AUTONATION, INC.

UNAUDITED SUPPLEMENTARY DATA, Continued

($ in millions, except per share data)

This excerpt taken from the AN 8-K filed Oct 29, 2009.

Page 6

AUTONATION, INC.

KEY CREDIT AGREEMENT COVENANT COMPLIANCE CALCULATIONS

September 30, 2009

 

($ millions)

 

Income Statement information for the last twelve months

(October 1, 2008 - September 30, 2009):

  

 

Net income (loss) from continuing operations

      $           248.4  

Floorplan and other interest expense

    99.3  

Income tax provision (benefit)

    91.6  

Depreciation and amortization

    79.5  

Stock-based compensation expense (SFAS No. 123R)

    14.5  

Impairment charges (including goodwill, franchise rights, and long-lived assets)

    5.3  
    

EBITDA

    538.6  

Floorplan interest expense

    (46.7) 
    

Adjusted EBITDA

      $           491.9  
    

 

As of September 30, 2009:  

 

Funded indebtedness (primarily comprised of current and long-term debt and letters of credit)

      $        1,186.4 

Vehicle secured indebtedness (floorplan payables)

    1,059.9 
    

Funded indebtedness including floorplan

    2,246.3 

Shareholders’ equity

    2,311.5 
    

Total capitalization including floorplan

      $        4,557.8 
    

 

Ratio of funded indebtedness/

          

Adjusted EBITDA

       2.41

Covenant

    less than    3.00
           

Ratio of funded indebtedness including floorplan/

          

Total capitalization including floorplan

       49.3%

Covenant

    less than    65.0%

 

EXCERPTS ON THIS PAGE:

8-K
Feb 11, 2010
8-K
Oct 29, 2009

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