Attached files
| file | filename |
|---|---|
| EX-10.13 - EX-10.13 - CASELLA WASTE SYSTEMS INC | d27133dex1013.htm |
| EX-23.1 - EX-23.1 - CASELLA WASTE SYSTEMS INC | d27133dex231.htm |
| EX-31.1 - EX-31.1 - CASELLA WASTE SYSTEMS INC | d27133dex311.htm |
| EX-32.1 - EX-32.1 - CASELLA WASTE SYSTEMS INC | d27133dex321.htm |
| EX-31.2 - EX-31.2 - CASELLA WASTE SYSTEMS INC | d27133dex312.htm |
| EX-21.1 - EX-21.1 - CASELLA WASTE SYSTEMS INC | d27133dex211.htm |
| 10-K - 10-K - CASELLA WASTE SYSTEMS INC | d27133d10k.htm |
Exhibit 12.1
Casella Waste Systems, Inc.
Statement of Computation of Ratio of Earnings to Fixed Charges and Earnings to Combined Fixed Charges and Preferred Stock Dividends
(in thousands, except ratios)
| Fiscal Year Ended December 31, |
Eight Months Ended December 31, |
Fiscal Year Ended April 30, | ||||||||||||||||||||||
| 2015 | 2014 | 2014 | 2013 | 2012 | 2011 | |||||||||||||||||||
| Loss from continuing operations before income taxes, discontinued operations and cumulative effect of change in accounting principle |
$ | (10,430 | ) | $ | (5,107 | ) | $ | (25,511 | ) | $ | (52,509 | ) | $ | (76,110 | ) | $ | (26,687 | ) | ||||||
| Loss from equity method investments |
— | — | 936 | 4,441 | 9,994 | 4,096 | ||||||||||||||||||
| Impairment of equity method investment |
— | — | — | — | 10,680 | — | ||||||||||||||||||
| Fixed charges |
44,667 | 28,118 | 41,149 | 44,394 | 47,504 | 48,250 | ||||||||||||||||||
| Less: interest capitalized |
(62 | ) | (333 | ) | (256 | ) | (368 | ) | (407 | ) | (1,078 | ) | ||||||||||||
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| Earnings |
$ | 34,175 | $ | 22,678 | $ | 16,318 | $ | (4,042 | ) | $ | (8,339 | ) | $ | 24,581 | ||||||||||
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| Interest expense (includes amortization of premium and discounts and deferred financing charges) |
$ | 40,420 | $ | 25,639 | $ | 38,175 | $ | 41,570 | $ | 45,008 | $ | 45,543 | ||||||||||||
| Estimate of interest within rental expense |
4,185 | 2,146 | 2,718 | 2,456 | 2,089 | 1,629 | ||||||||||||||||||
| Interest capitalized |
62 | 333 | 256 | 368 | 407 | 1,078 | ||||||||||||||||||
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| Fixed charges |
$ | 44,667 | $ | 28,118 | $ | 41,149 | $ | 44,394 | $ | 47,504 | $ | 48,250 | ||||||||||||
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| Ratio of earnings to fixed charges |
— | — | — | — | — | — | ||||||||||||||||||
| Deficiency of earnings to fixed charges |
$ | (10,492 | ) | $ | (5,440 | ) | $ | (24,831 | ) | $ | (48,436 | ) | $ | (55,843 | ) | $ | (23,669 | ) | ||||||
| Fixed charges from above |
$ | 44,667 | $ | 28,118 | $ | 41,149 | $ | 44,394 | $ | 47,504 | $ | 48,250 | ||||||||||||
| Preferred stock dividends |
— | — | — | — | — | — | ||||||||||||||||||
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| Combined fixed charges and preferred stock dividends |
$ | 44,667 | $ | 28,118 | $ | 41,149 | $ | 44,394 | $ | 47,504 | $ | 48,250 | ||||||||||||
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| Ratio of earnings to combined fixed charges and preferred stock dividends |
— | — | — | — | — | — | ||||||||||||||||||
| Deficiency of earnings to combined fixed charges and preferred stock dividends |
$ | (10,492 | ) | $ | (5,440 | ) | $ | (24,831 | ) | $ | (48,436 | ) | $ | (55,843 | ) | $ | (23,669 | ) | ||||||