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)
Fiscal Year 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 | ) | |||||
Loss from equity method investments | 9,994 | 4,096 | 2,690 | 2,157 | 6,077 | |||||||||||||||
Impairment or equity method investment | 10,680 | — | — | — | — | |||||||||||||||
Fixed charges | 48,087 | 48,676 | 46,411 | 35,673 | 35,721 | |||||||||||||||
Less: interest capitalized | (407 | ) | (1,078 | ) | (349 | ) | (214 | ) | (1,275 | ) | ||||||||||
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Earnings | $ | (8,782 | ) | $ | 23,773 | $ | 34,945 | $ | (28,255 | ) | $ | 25,868 | ||||||||
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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 | |||||||||||||||
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Fixed charges | $ | 48,087 | $ | 48,676 | $ | 46,411 | $ | 35,673 | $ | 35,721 | ||||||||||
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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 | — | — | — | — | — | |||||||||||||||
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Combined fixed charges and preferred stock dividends | $ | 48,087 | $ | 48,676 | $ | 46,411 | $ | 35,673 | $ | 35,721 | ||||||||||
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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 | ) |