EX-12.1 131 d829490dex121.htm EX-12.1 EX-12.1

Exhibit 12.1

CENTURY COMMUNITIES, INC.

Ratios of Earnings to Fixed Charges

The following table sets forth our ratio of earnings to fixed charges for the years ended December 31, 2013 and 2012, and for the nine months ended September 30, 2014 and 2013. For the purpose of determining the ratio of earnings to fixed charges, “earnings” consist of earnings (loss) before income tax expense (benefit) plus fixed charges, and “fixed charges” consist of interest expense, including amortization of deferred financing costs, plus the portion of rental expense representative of the interest factor.

 

     Year Ended December 31,      Nine Months Ended September 30,  
     2013      2012          2014             2013      
(Dollars in thousands)                           

Earnings

   $ 19,679       $ 8,938       $ 18,864      $ 12,043   
  

 

 

    

 

 

    

 

 

   

 

 

 

Fixed charges

   $ 1,183       $ 1,751       $ 7,656      $ 1,032   

Earnings to fixed charges

   $ 16.63       $ 5.11       $ 2.46      $ 11.66   
  

 

 

    

 

 

    

 

 

   

 

 

 

Earnings (Loss)

          

Income before income taxes

   $ 18,073       $ 7,439       $ 19,943      $ 13,338   

Add: fixed charges

     1,183         1,751         7,656        1,032   

Less: capitalized interest

     (1,098      (1,681      (7,452     (976

Add: amortization of previously capitalized interest

     1,521         1,429         (1,283     (1,351
  

 

 

    

 

 

    

 

 

   

 

 

 

Total earnings

   $ 19,679       $ 8,938       $ 18,864      $ 12,043   
  

 

 

    

 

 

    

 

 

   

 

 

 

Fixed Charges

          

Interest expense(1)

   $ —         $ —         $        $     

Interest component of rent expense

     85         70         204        56   

Capitalized interest

     1,098         1,681         7,452        976   
  

 

 

    

 

 

    

 

 

   

 

 

 

Total fixed charges

   $ 1,183       $ 1,751       $ 7,656      $ 1,032   
  

 

 

    

 

 

    

 

 

   

 

 

 

 

(1)  Excludes amounts capitalized, which are reported below.