EX-12.1 3 a12-9613_1ex12d1.htm EX-12.1

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)

 

 

 

Twelve Months Ended April 30,

 

 

 

2012

 

2011

 

2010

 

2009

 

2008

 

 

 

 

 

 

 

 

 

 

 

 

 

Loss from continuing operations before income taxes, discontinued operations and cumulative effect of change in accounting principle

 

$

(77,136

)

$

(27,921

)

$

(13,807

)

$

(65,871

)

$

(14,655

)

Noncontrolling interests

 

 

 

 

 

 

Loss from equity method investments

 

9,994

 

4,096

 

2,690

 

2,157

 

6,077

 

Impairment of equity method investment

 

10,680

 

 

 

 

 

 

 

 

 

Distributed income of equity method investees

 

 

 

 

 

 

Fixed charges

 

48,087

 

48,676

 

46,411

 

35,673

 

35,721

 

Less: interest capitalized

 

(407

)

(1,078

)

(349

)

(214

)

(1,275

)

Earnings

 

$

(8,782

)

$

23,773

 

$

34,945

 

$

(28,255

)

$

25,868

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest expense (includes amortization of premium and discounts and deferred financing charges)

 

$

45,541

 

$

45,912

 

$

44,375

 

$

33,840

 

$

33,282

 

Estimate of interest within rental expense

 

2,139

 

1,686

 

1,687

 

1,619

 

1,164

 

Interest capitalized

 

407

 

1,078

 

349

 

214

 

1,275

 

Fixed charges

 

$

48,087

 

$

48,676

 

$

46,411

 

$

35,673

 

$

35,721

 

 

 

 

 

 

 

 

 

 

 

 

 

Ratio of earnings to fixed charges

 

 

 

 

 

 

Deficiency of earnings to fixed charges

 

$

(56,869

)

$

(24,903

)

$

(11,466

)

$

(63,928

)

$

(9,853

)

 

 

 

 

 

 

 

 

 

 

 

 

Fixed charges from above

 

$

48,087

 

$

48,676

 

$

46,411

 

$

35,673

 

$

35,721

 

Preferred stock dividends

 

 

 

 

 

 

Combined fixed charges and preferred stock dividends

 

$

48,087

 

$

48,676

 

$

46,411

 

$

35,673

 

$

35,721

 

 

 

 

 

 

 

 

 

 

 

 

 

Ratio of earnings to combined fixed charges and preferred stock dividends

 

 

 

 

 

 

Deficiency of earnings to combined fixed charges and preferred stock dividends

 

$

(56,869

)

$

(24,903

)

$

(11,466

)

$

(63,928

)

$

(9,853

)