EX-12.1 3 bcc12312017ex121.htm RATIO OF EARNINGS TO FIXED CHARGES Exhibit


Exhibit 12.1

Boise Cascade Company
Ratio of Earnings to Fixed Charges

 
Year Ended December 31
 
2017
 
2016
 
2015
 
2014
 
2013
 
(thousands, except ratios)
Interest costs
$
25,370

 
$
26,692

 
$
22,532

 
$
22,049

 
$
20,426

Capitalized interest
—

 
—

 
—

 
—

 
—

Interest factor related to noncapitalized leases 
7,371

 
6,582

 
6,913

 
5,741

 
5,041

Total fixed charges
$
32,741

 
$
33,274

 
$
29,445

 
$
27,790

 
$
25,467

 
 
 
 
 
 
 
 
 
 
Income before income taxes and cumulative effect of accounting changes 
$
117,588

 
$
43,301

 
$
80,682

 
$
123,305

 
$
78,148

Undistributed (earnings) losses of less than 50% -owned entities, net of distributions
—

 
—

 
—

 
—

 
—

Total fixed charges
32,741

 
33,274

 
29,445

 
27,790

 
25,467

Total earnings before fixed charges
$
150,329

 
$
76,575

 
$
110,127

 
$
151,095

 
$
103,615

 
 
 
 
 
 
 
 
 
 
Ratio of earnings to fixed charges
4.59

 
2.30

 
3.74

 
5.44

 
4.07

 
 
 
 
 
 
 
 
 


Amount by which earnings are insufficient to cover fixed charges
N/A

 
N/A

 
N/A

 
N/A

 
N/A