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 | ) | |||||