Attached files

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EX-32.1 - EXHIBIT 32.1 - CASELLA WASTE SYSTEMS INCcwst-123117x10kex321.htm
EX-31.2 - EXHIBIT 31.2 - CASELLA WASTE SYSTEMS INCcwst-123117x10kex312.htm
EX-31.1 - EXHIBIT 31.1 - CASELLA WASTE SYSTEMS INCcwst-123117x10kex311.htm
EX-23.1 - EXHIBIT 23.1 - CASELLA WASTE SYSTEMS INCcwst-123117x10kex231.htm
EX-21.1 - EXHIBIT 21.1 - CASELLA WASTE SYSTEMS INCcwst-123117x10kex211.htm
10-K - 10-K - CASELLA WASTE SYSTEMS INCcwst-123117x10k.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,
 
2017
 
2016
 
2015
Loss from continuing operations before income taxes, discontinued operations and cumulative effect of change in accounting principle
$
(37,052
)
 
$
(6,364
)
 
$
(10,430
)
Fixed charges
30,249

 
43,784

 
44,667

Less: interest capitalized
(295
)
 
(273
)
 
(62
)
Earnings
$
(7,098
)
 
$
37,147

 
$
34,175

 
 
 
 
 
 
Interest expense (includes amortization of any premium, discount and deferred financing costs)
$
25,160

 
$
38,942

 
$
40,420

Estimate of interest within rental expense
4,794

 
4,569

 
4,185

Interest capitalized
295

 
273

 
62

Fixed charges
$
30,249

 
$
43,784

 
$
44,667

 
 
 
 
 
 
Ratio of earnings to fixed charges

 

 

Deficiency of earnings to fixed charges
$
(37,347
)
 
$
(6,637
)
 
$
(10,492
)
 
 
 
 
 
 
Fixed charges from above
$
30,249

 
$
43,784

 
$
44,667

Preferred stock dividends

 

 

Combined fixed charges and preferred stock dividends
$
30,249

 
$
43,784

 
$
44,667

 
 
 
 
 
 
Ratio of earnings to combined fixed charges and preferred stock dividends

 

 

Deficiency of earnings to combined fixed charges and preferred stock dividends
$
(37,347
)
 
$
(6,637
)
 
$
(10,492
)