EX-12.1 2 ccs-20171231xex12_1.htm EX-12.1 Exhibit 12.1

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, 2017, 2016, 2015, 2014 and 2013.  



 

 





 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

Year Ended December 31,

(Dollars in thousands)

 

2017

 

2016

 

2015

 

2014

 

2013



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings

 

$

117,806 

 

$

93,118 

 

$

70,767 

 

$

33,530 

 

$

19,679 

Fixed charges

 

$

46,469 

 

$

27,371 

 

$

20,693 

 

$

11,053 

 

$

1,183 

Earnings to fixed charges

 

$

2.54 

 

$

3.40 

 

$

3.42 

 

$

3.03 

 

$

16.63 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings (Loss):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income before income taxes

 

$

84,164 

 

$

73,149 

 

$

60,305 

 

$

30,959 

 

$

18,073 

Add: fixed charges

 

 

46,469 

 

 

27,371 

 

 

20,693 

 

 

11,053 

 

 

1,183 

Less: capitalized interest

 

 

(45,725)

 

 

(26,904)

 

 

(20,313)

 

 

(10,848)

 

 

(1,098)

Add: amortization of previously capitalized interest

 

 

32,898 

 

 

19,502 

 

 

10,082 

 

 

2,366 

 

 

1,521 

Total earnings

 

$

117,806 

 

$

93,118 

 

$

70,767 

 

$

33,530 

 

$

19,679 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fixed Charges:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest expense (1)

 

$

(3)

 

$

 

$

10 

 

$

26 

 

$

 —

Interest component of rent expense

 

 

747 

 

 

462 

 

 

370 

 

 

179 

 

 

85 

Capitalized interest

 

 

45,725 

 

 

26,904 

 

 

20,313 

 

 

10,848 

 

 

1,098 

Total fixed charges

 

$

46,469 

 

$

27,371 

 

$

20,693 

 

$

11,053 

 

$

1,183 



(1) Excludes capitalized interest