Attached files
| file | filename |
|---|---|
| 8-K - 8-K - CalAtlantic Group, Inc. | d817548d8k.htm |
| EX-4.1 - EX-4.1 - CalAtlantic Group, Inc. | d817548dex41.htm |
| EX-1.1 - EX-1.1 - CalAtlantic Group, Inc. | d817548dex11.htm |
| EX-5.1 - EX-5.1 - CalAtlantic Group, Inc. | d817548dex51.htm |
| EX-5.2 - EX-5.2 - CalAtlantic Group, Inc. | d817548dex52.htm |
Exhibit 12.1
Standard Pacific Corp.
Ratio of Earnings to Fixed Charges - Continuing Operations
(Dollars in thousands)
| Nine Months Ended September 30, | Year Ended December 31, | |||||||||||||||||||||||||||
| 2014 | 2013 | 2013 | 2012 | 2011 | 2010 | 2009 | ||||||||||||||||||||||
| Earnings: |
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| Net income (loss) from continuing operations |
$ | 151,221 | $ | 123,895 | $ | 188,715 | $ | 531,421 | $ | (16,417 | ) | $ | (11,724 | ) | $ | (13,217 | ) | |||||||||||
| Add: |
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| Cash distributions of income from unconsolidated joint ventures |
1,875 | 3,375 | 3,375 | 3,910 | 20 | — | 3,465 | |||||||||||||||||||||
| Provision (benefit) for income taxes |
94,361 | 32,778 | 68,983 | (453,234 | ) | (56 | ) | (557 | ) | (96,265 | ) | |||||||||||||||||
| Homebuilding interest amortized to cost of sales and interest expense |
83,758 | 88,869 | 121,778 | 110,298 | 94,804 | 100,739 | 134,188 | |||||||||||||||||||||
| Interest portion of rent expense |
375 | 375 | 500 | 500 | 500 | 500 | 500 | |||||||||||||||||||||
| Less: |
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| Income (loss) from unconsolidated joint ventures |
(342 | ) | 1,249 | 949 | (2,090 | ) | 207 | 1,166 | (4,598 | ) | ||||||||||||||||||
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| Earnings: |
$ | 331,932 | $ | 248,043 | $ | 382,402 | $ | 194,985 | $ | 78,644 | $ | 87,792 | $ | 33,269 | ||||||||||||||
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| Fixed charges: |
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| Homebuilding interest incurred |
$ | 113,735 | $ | 103,319 | $ | 140,865 | $ | 141,827 | $ | 140,905 | $ | 110,358 | $ | 107,976 | ||||||||||||||
| Interest portion of rent expense |
375 | 375 | 500 | 500 | 500 | 500 | 500 | |||||||||||||||||||||
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| Fixed Charges |
$ | 114,110 | $ | 103,694 | $ | 141,365 | $ | 142,327 | $ | 141,405 | $ | 110,858 | $ | 108,476 | ||||||||||||||
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| Ratio of Earnings to Fixed Charges |
2.9 | 2.4 | 2.7 | 1.4 | 0.6 | 0.8 | 0.3 | |||||||||||||||||||||
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| Amount of additional earnings needed to cover fixed charges: |
$ | — | $ | — | $ | — | $ | — | $ | 62,761 | $ | 23,066 | $ | 75,207 | ||||||||||||||