Attached files
| file | filename |
|---|---|
| EX-32.2 - EX-32.2 - AV Homes, Inc. | avhi-20171231ex32240c184.htm |
| EX-32.1 - EX-32.1 - AV Homes, Inc. | avhi-20171231ex321491d45.htm |
| EX-31.2 - EX-31.2 - AV Homes, Inc. | avhi-20171231ex31293d281.htm |
| EX-31.1 - EX-31.1 - AV Homes, Inc. | avhi-20171231ex311d6f653.htm |
| EX-23.2 - EX-23.2 - AV Homes, Inc. | avhi-20171231ex232ddc6ab.htm |
| EX-23.1 - EX-23.1 - AV Homes, Inc. | avhi-20171231ex2319e4770.htm |
| EX-21 - EX-21 - AV Homes, Inc. | avhi-20171231ex21e075a6b.htm |
| EX-10.13 - EX-10.13 - AV Homes, Inc. | avhi-20171231ex1013f68dc.htm |
| 10-K - 10-K - AV Homes, Inc. | avhi-20171231x10k.htm |
Computation of Ratio of Earnings to Fixed Charges
(in thousands)
|
|
|
For the Years Ended December 31, |
|
|||||||||||||
|
|
|
2013 |
|
2014 |
|
2015 |
|
2016 |
|
2017 |
|
|||||
|
Earnings (loss): |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income (loss) before income taxes and effects of changes in accounting principles |
|
$ |
(8,272) |
|
$ |
(1,603) |
|
$ |
12,386 |
|
$ |
37,586 |
|
$ |
18,332 |
|
|
Less: net income from non-controlling interests |
|
|
1,205 |
|
|
329 |
|
|
— |
|
|
— |
|
|
— |
|
|
Plus: fixed charges |
|
|
9,330 |
|
|
18,148 |
|
|
28,277 |
|
|
26,239 |
|
|
32,571 |
|
|
Plus: amortization of previously capitalized interest |
|
|
2,455 |
|
|
4,622 |
|
|
11,041 |
|
|
20,766 |
|
|
22,271 |
|
|
Less: capitalized interest |
|
|
6,466 |
|
|
12,302 |
|
|
19,168 |
|
|
22,478 |
|
|
21,872 |
|
|
Earnings (loss) |
|
$ |
(4,158) |
|
$ |
8,536 |
|
$ |
32,536 |
|
$ |
62,113 |
|
$ |
51,302 |
|
|
Fixed charges: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest expensed and capitalized |
|
$ |
7,769 |
|
$ |
16,078 |
|
$ |
25,590 |
|
$ |
23,258 |
|
$ |
29,428 |
|
|
Amortization of discount and debt issue costs |
|
|
1,527 |
|
|
2,029 |
|
|
2,617 |
|
|
2,887 |
|
|
3,062 |
|
|
Interest portion of rental expense |
|
|
34 |
|
|
41 |
|
|
70 |
|
|
94 |
|
|
81 |
|
|
Fixed charges |
|
$ |
9,330 |
|
$ |
18,148 |
|
$ |
28,277 |
|
$ |
26,239 |
|
$ |
32,571 |
|
|
Ratio of earnings to fixed charges |
|
|
N/A |
|
|
0.47 |
|
|
1.15 |
|
|
2.37 |
|
|
1.58 |
|
|
Excess (deficiency) amount |
|
$ |
(13,488) |
|
$ |
(9,612) |
|
$ |
4,259 |
|
$ |
35,874 |
|
$ |
18,731 |
|