EX-12.1 3 ccs-20141231ex12134a7e2.htm EX-12.1 Exhibit 121

EXHIBIT 12.1

CENTURY COMMUNITIES, INC.

Ratio of Earnings to Fixed Charges

 

The following table sets forth our ratio of earnings to fixed charges for the years ended December 31, 2014, 2013 and 2012.  

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended December 31,

 

 

 

 

 

 

 

 

 

(Dollars in thousands)

2014

 

2013

 

2012

 

 

 

 

 

 

 

 

 

Earnings

$

33,530 

 

$

19,679 

 

$

8,938 

Fixed charges

$

11,053 

 

$

1,183 

 

$

1,751 

Earnings to fixed charges

$

3.03 

 

$

16.63 

 

$

5.11 

 

 

 

 

 

 

 

 

 

Earnings (Loss):

 

 

 

 

 

 

 

 

Income before income taxes

$

30,959 

 

$

18,073 

 

$

7,439 

Add: fixed charges

 

11,053 

 

 

1,183 

 

 

1,751 

Less: capitalized interest

 

(10,848)

 

 

(1,098)

 

 

(1,681)

Add: amortization of previously capitalized interest

 

2,366 

 

 

1,521 

 

 

1,429 

Total earnings

$

33,530 

 

$

19,679 

 

$

8,938 

 

 

 

 

 

 

 

 

 

Fixed Charges:

 

 

 

 

 

 

 

 

Interest expense (1)

$

26 

 

$

 —

 

$

 —

Interest component of rent expense

 

179 

 

 

85 

 

 

70 

Capitalized interest

 

10,848 

 

 

1,098 

 

 

1,681 

Total fixed charges

$

11,053 

 

$

1,183 

 

$

1,751 

 

(1) Excludes capitalized interest