EX-12 100 d460667dex12.htm EX-12 EX-12

Exhibit 12

SUMMIT MATERIALS, LLC AND SUBSIDIARIES

Computation of Ratios of Earnings to Fixed Charges

 

     Successor          Predecessor  

(in thousands)

    Year Ended
December 29, 2012		     Year Ended
December 31, 2011		     Year Ended
December 31, 2010		     August 26, 2009 to
December 31, 2009		          April 1, 2009 to
August 25, 2009		      Year Ended
March 31, 2009		  

Loss from continuing operations before income taxes (1)

    $ (51,723 )    $ (2,906 )    $ (21,089 )    $ (5,040 )         $ 5,945       $ 11,381   

Add (deduct)

                   

Distributions from equity investments

      817        156        —          —             —           —     

(Income) loss from equity method investees

      (683 )      894        656        —             —           —     

Capitalized interest

      (193 )      —          (433 )      —             —           —     

Fixed Charges

      59,438        49,218        27,262               
  

 

 

    

 

 

    

 

 

    

 

 

       

 

 

     

 

 

  

Earnings, as defined

    $ 7,656      $ 47,362      $ 6,396      $ (5,040 )       $ 5,945       $ 11,381   
  

 

 

    

 

 

    

 

 

    

 

 

       

 

 

     

 

 

  

Fixed Charges:

                   

Interest on indebtedness and amortization of deferred financing costs

    $ 58,079      $ 47,784      $ 25,430      $ 574         $ —         $ —     

Capitalized interest

      193        —          433        —             —           —     

Portion of rental expense under operating leases representative of the interest factor

      1,166        1,434        1,399        19           16         33   
  

 

 

    

 

 

    

 

 

    

 

 

       

 

 

     

 

 

  

Total fixed charges

    $ 59,438      $ 49,218      $ 27,262      $ 593         $ 16       $ 33   
  

 

 

    

 

 

    

 

 

    

 

 

       

 

 

     

 

 

  

Ratio of earnings
to fixed
charges (2)(3)

      0.1        1.0        0.2        N/A           364         341   
  

 

 

    

 

 

    

 

 

    

 

 

       

 

 

     

 

 

  

 

(1) Represents earnings from continuing operations before adjustments for noncontrolling interests in consolidated subsidiaries.
(2) The ratio of earnings to fixed charges is determined by dividing earnings, as adjusted, by fixed charges. Fixed charges consist of interest on all indebtedness plus that portion of operating lease rentals representative of the interest factor (deemed to be 33% of operating lease rentals)
(3) Earnings were insufficient to cover fixed charges for the period from August 26, 2009 to December 31, 2009 by $5.6 million.