Century Communities, Inc. - FORM 10-K - EX-12.1

file	filename
10-K - 10-K - Century Communities, Inc.	ccs-20161231x10k.htm
EX-32.3 - EX-32.3 - Century Communities, Inc.	ccs-20161231xex32_3.htm
EX-32.2 - EX-32.2 - Century Communities, Inc.	ccs-20161231xex32_2.htm
EX-32.1 - EX-32.1 - Century Communities, Inc.	ccs-20161231xex32_1.htm
EX-31.3 - EX-31.3 - Century Communities, Inc.	ccs-20161231xex31_3.htm
EX-31.2 - EX-31.2 - Century Communities, Inc.	ccs-20161231xex31_2.htm
EX-31.1 - EX-31.1 - Century Communities, Inc.	ccs-20161231xex31_1.htm
EX-23.1 - EX-23.1 - Century Communities, Inc.	ccs-20161231xex23_1.htm
EX-21.1 - EX-21.1 - Century Communities, Inc.	ccs-20161231xex21_1.htm

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, 2016, 2015, 2014, 2013 and 2012.


	Year Ended December 31,
(Dollars in thousands)	2016		2015			2014	2013		2012

Earnings	$	93,118	$	70,767	$	33,530	$	19,679	$	8,938
Fixed charges	$	27,371	$	20,693	$	11,053	$	1,183	$	1,751
Earnings to fixed charges	$	3.40	$	3.42	$	3.03	$	16.63	$	5.11

Earnings (Loss):
Income before income taxes	$	73,149	$	60,305	$	30,959	$	18,073	$	7,439
Add: fixed charges		27,371		20,693		11,053		1,183		1,751
Less: capitalized interest		(26,904)		(20,313)		(10,848)		(1,098)		(1,681)
Add: amortization of previously capitalized interest		19,502		10,082		2,366		1,521		1,429
Total earnings	$	93,118	$	70,767	$	33,530	$	19,679	$	8,938

Fixed Charges:
Interest expense (1)	$	5	$	10	$	26	$	—	$	—
Interest component of rent expense		462		370		179		85		70
Capitalized interest		26,904		20,313		10,848		1,098		1,681
Total fixed charges	$	27,371	$	20,693	$	11,053	$	1,183	$	1,751

(1) Excludes capitalized interest

Century Communities, Inc. - FORM 10-K - EX-12.1 - February 14, 2017