Attached files
| file | filename |
|---|---|
| EX-5.2 - EX-5.2 - CalAtlantic Group, Inc. | d39312dex52.htm |
| EX-5.1 - EX-5.1 - CalAtlantic Group, Inc. | d39312dex51.htm |
| EX-4.1 - EX-4.1 - CalAtlantic Group, Inc. | d39312dex41.htm |
| EX-1.1 - EX-1.1 - CalAtlantic Group, Inc. | d39312dex11.htm |
| 8-K - FORM 8-K - CalAtlantic Group, Inc. | d39312d8k.htm |
Exhibit 12.1
CalAtlantic Group, Inc.
Ratio of Earnings to Fixed Charges - Continuing Operations
(Dollars in thousands)
| Three Months Ended March 31, |
Year Ended December 31, | |||||||||||||||||||||||||||
| 2016 | 2015 | 2015 | 2014 | 2013 | 2012 | 2011 | ||||||||||||||||||||||
| Earnings: |
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| Net income (loss) from continuing operations |
$ | 72,661 | $ | 31,605 | $ | 213,509 | $ | 215,865 | $ | 188,715 | $ | 531,421 | $ | (16,417 | ) | |||||||||||||
| Add: |
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| Cash distributions of income from unconsolidated joint ventures |
450 | — | 2,830 | 1,875 | 3,375 | 3,910 | 20 | |||||||||||||||||||||
| Provision (benefit) for income taxes |
42,543 | 16,891 | 128,980 | 134,099 | 68,983 | (453,234 | ) | (56 | ) | |||||||||||||||||||
| Homebuilding interest amortized to cost of sales and interest expense |
30,382 | 22,638 | 139,381 | 123,112 | 121,778 | 110,298 | 94,804 | |||||||||||||||||||||
| Interest portion of rent expense |
250 | 125 | 600 | 500 | 500 | 500 | 500 | |||||||||||||||||||||
| Less: |
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| Income (loss) from unconsolidated joint ventures |
1,189 | 451 | 1,966 | (668 | ) | 949 | (2,090 | ) | 207 | |||||||||||||||||||
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| Earnings: |
$ | 145,097 | $ | 70,808 | $ | 483,334 | $ | 476,119 | $ | 382,402 | $ | 194,985 | $ | 78,644 | ||||||||||||||
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| Fixed charges: |
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| Homebuilding interest incurred |
$ | 62,725 | $ | 41,803 | $ | 171,509 | $ | 153,695 | $ | 140,865 | $ | 141,827 | $ | 140,905 | ||||||||||||||
| Interest portion of rent expense |
250 | 125 | 600 | 500 | 500 | 500 | 500 | |||||||||||||||||||||
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| Fixed Charges |
$ | 62,975 | $ | 41,928 | $ | 172,109 | $ | 154,195 | $ | 141,365 | $ | 142,327 | $ | 141,405 | ||||||||||||||
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| Ratio of Earnings to Fixed Charges |
2.3 | 1.7 | 2.8 | 3.1 | 2.7 | 1.4 | 0.6 | |||||||||||||||||||||
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| Amount of additional earnings needed to cover fixed charges: |
$ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | 62,761 | ||||||||||||||