Attached files
| file | filename |
|---|---|
| 10-K - 10-K - RYLAND GROUP INC | a2196530z10-k.htm |
| EX-23 - EXHIBIT 23 - RYLAND GROUP INC | a2196530zex-23.htm |
| EX-21 - EXHIBIT 21 - RYLAND GROUP INC | a2196530zex-21.htm |
| EX-24 - EXHIBIT 24 - RYLAND GROUP INC | a2196530zex-24.htm |
| EX-31.2 - EXHIBIT 31.2 - RYLAND GROUP INC | a2196530zex-31_2.htm |
| EX-32.1 - EXHIBIT 32.1 - RYLAND GROUP INC | a2196530zex-32_1.htm |
| EX-31.1 - EXHIBIT 31.1 - RYLAND GROUP INC | a2196530zex-31_1.htm |
| EX-32.2 - EXHIBIT 32.2 - RYLAND GROUP INC | a2196530zex-32_2.htm |
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Exhibit 12.1: Computation of Ratio of Earnings to Fixed Charges
|
YEAR ENDED DECEMBER 31, | |||||||||||||||
(in thousands, except ratio) |
2005 | 2006 | 2007 | 2008 | 2009 | |||||||||||
Consolidated pretax income (loss) |
$ | 721,051 | $ | 567,108 | $ | (420,098 | ) | $ | (405,764 | ) | $ | (259,671 | ) | |||
Share of distributed (income) loss of 50%-or-less-owned affiliates, net of equity pickup |
(315 |
) |
260 |
(342 |
) |
43,900 |
(333 |
) |
||||||||
Amortization of capitalized interest |
45,483 | 48,708 | 41,689 | 61,146 | 54,309 | |||||||||||
Interest |
66,697 | 71,955 | 62,122 | 47,109 | 53,728 | |||||||||||
Less interest capitalized during the period |
(65,959 | ) | (71,750 | ) | (62,024 | ) | (46,889 | ) | (39,127 | ) | ||||||
Interest portion of rental expense |
5,678 | 7,736 | 8,911 | 7,416 | 4,475 | |||||||||||
EARNINGS (LOSS) |
$ | 772,635 | $ | 624,017 | $ | (369,742 | ) | $ | (293,082 | ) | $ | (186,619 | ) | |||
Interest |
$ |
66,697 |
$ |
71,955 |
$ |
62,122 |
$ |
47,109 |
$ |
53,728 |
||||||
Interest portion of rental expense |
5,678 | 7,736 | 8,911 | 7,416 | 4,475 | |||||||||||
FIXED CHARGES |
$ | 72,375 | $ | 79,691 | $ | 71,033 | $ | 54,525 | $ | 58,203 | ||||||
SURPLUS/(DEFICIENCY) |
$ |
700,260 |
$ |
544,326 |
$ |
(440,775 |
) |
$ |
(347,607 |
) |
$ |
(244,822 |
) |
|||
Ratio of earnings (loss) to fixed charges |
10.68 |
7.83 |
– |
– |
– |
|||||||||||