EX-12.1 13 s101757_ex12-1.htm EXHIBIT 12.1

 

Exhibit 12.1

 

Century Communities, Inc.

 

Statement Regarding Computation of Ratio of Earnings to Fixed Charges

 

The following table sets forth our ratio of earnings to fixed charges for the six months ended June 30, 2015 and 2014 and for the years ended December 31, 2014 and 2013.  

                 
   Six Months Ended June 30,   Year Ended December 31, 
(Dollars in thousands)  2015   2014   2014   2013 
Earnings  $28,596   $13,858   $33,530   $19,679 
Fixed charges  $9,080   $3,642   $11,053   $1,183 
Earnings to fixed charges  $3.15   $3.81   $3.03   $16.63 
                     
Earnings (Loss):                    
Income before income tax expense  $23,955   $13,246   $30,959   $18,073 
Add: fixed charges   9,080    3,642    11,053    1,183 
Less: capitalized interest   (8,890)   (3,558)   (10,848)   (1,098)
Add: amortization of previously capitalized interest   4,451    528    2,366    1,521 
Total earnings  $28,596   $13,858   $33,530   $19,679 
                     
Fixed Charges:                    
Interest expense (1)  $6   $11   $26   $— 
Interest component of rent expense   184    73    179    85 
Capitalized interest   8,890    3,558    10,848    1,098 
Total fixed charges  $9,080   $3,642   $11,053   $1,183 

 

 
(1)Excludes capitalized interest