EX-12.1 2 bcc12312014ex121.htm RATIO OF EARNINGS TO FIXED CHARGES BCC 12.31.2014 EX 12.1


Exhibit 12.1

Boise Cascade Company
Ratio of Earnings to Fixed Charges

 
Year Ended December 31
 
2014
 
2013
 
2012
 
2011
 
2010
 
(thousands, except ratios)
Interest costs
$
22,049

 
$
20,426

 
$
21,757

 
$
18,987

 
$
21,005

Capitalized interest
—

 
—

 
—

 
—

 
—

Interest factor related to noncapitalized leases 
5,741

 
5,041

 
5,950

 
6,210

 
5,664

Total fixed charges
$
27,790

 
$
25,467

 
$
27,707

 
$
25,197

 
$
26,669

 
 
 
 
 
 
 
 
 
 
Income (loss) before income taxes and cumulative effect of accounting changes 
$
123,305

 
$
78,148

 
$
41,803

 
$
(46,123
)
 
$
(32,997
)
Undistributed (earnings) losses of less than 50% -owned entities, net of distributions
—

 
—

 
—

 
—

 
—

Total fixed charges
27,790

 
25,467

 
27,707

 
25,197

 
26,669

Total earnings (losses) before fixed charges
$
151,095

 
$
103,615

 
$
69,510

 
$
(20,926
)
 
$
(6,328
)
 
 
 
 
 
 
 
 
 
 
Ratio of earnings to fixed charges
5.44

 
4.07

 
2.51

 
N/A

 
N/A

 
 
 
 
 
 
 
 
 
 
Amount by which earnings are insufficient to cover fixed charges
N/A

 
N/A

 
N/A

 
$
46,123

 
$
32,997