EX-12.1 8 d639809dex121.htm EX-12.1 EX-12.1

Exhibit 12.1

SUMMIT MATERIALS, LLC AND SUBSIDIARIES

Computation of Ratio of Earnings to Fixed Charges

 

    Successor          Predecessor  
($ in thousands)   Year Ended
December 28,
2013		     Year Ended
December 29,
2012		     Year Ended
December 31,
2011		     Year Ended
December 31,
2010		     August 26,
2009 to
December 31,
2009		          April 1,
2009 to
August 25,
2009		  

Loss from continuing operations before income taxes (1)

   $ (105,798 )    $ (50,951 )    $ (1,441 )    $ (20,722 )    $ (5,040 )        $ 5,945   

Add (deduct)

                

Distributions from equity investments

     120        817        156        —          —              —     

Loss (income) from equity method investees

     (1,161 )      (683 )      894        656        —              —     

Capitalized interest

     (640 )      (193 )      —          (433 )      —              —     

Fixed Charges

     58,419        59,438        49,218        27,262        —              —     
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

        

 

 

  

Earnings, as defined

   $ (49,060 )    $ 8,428      $ 48,827      $ 6,763      $ (5,040 )        $ 5,945   
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

        

 

 

  

Fixed Charges:

                

Interest on indebtedness and amortization of deferred financing costs

   $ 56,443      $ 58,079      $ 47,784      $ 25,430      $ 574          $ —     

Capitalized interest

     640        193        —          433        —              —     

Portion of rental expense under operating leases representative of the interest factor

     1,336        1,166        1,434        1,399        19            16   
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

        

 

 

  

Total fixed charges

   $ 58,419      $ 59,438      $ 49,218      $ 27,262      $ 593          $ 16   
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

        

 

 

  

Ratio of earnings to fixed charges (2)(3)

     N/A        0.1        1.0        0.2        N/A            364   
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

        

 

 

  

 

(1) Represents earnings from continuing operations before adjustments for noncontrolling interests in consolidated subsidiaries.
(2) The ratio of earnings to fixed charges is determined by dividing earnings, as adjusted, by fixed charges. Fixed charges consist of interest on all indebtedness plus that portion of operating lease rentals representative of the interest factor (deemed to be 33% of operating lease rentals).
(3) Earnings were insufficient to cover fixed charges by $107.5 million and $5.6 million for the year ended December 28, 2013 and the period from August 26, 2009 to December 31, 2009, respectively.