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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)
| | 2011 | 2010 | 2009 | 2008 | 2007 | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Loss from continuing operations before income taxes, discontinued operations and cumulative effect of change in accounting principle | $ | (27,921 | ) | $ | (13,807 | ) | $ | (65,871 | ) | $ | (14,655 | ) | $ | (29,905 | ) | |
Loss (income) from equity method investees | 4,096 | 2,690 | 2,157 | 6,077 | (1,051 | ) | ||||||||||
Fixed charges | 48,676 | 46,411 | 35,673 | 35,721 | 30,704 | |||||||||||
Less: interest capitalized | (1,078 | ) | (349 | ) | (214 | ) | (1,275 | ) | (1,116 | ) | ||||||
Earnings | $ | 23,773 | $ | 34,945 | $ | (28,255 | ) | $ | 25,868 | $ | (1,368 | ) | ||||
Interest expense (includes amortization of premium and discounts and deferred financing charges) | $ | 45,912 | $ | 44,375 | $ | 33,840 | $ | 33,282 | $ | 28,533 | ||||||
Estimate of interest within rental expense | 1,686 | 1,687 | 1,619 | 1,164 | 1,055 | |||||||||||
Interest capitalized | 1,078 | 349 | 214 | 1,275 | 1,116 | |||||||||||
Fixed charges | $ | 48,676 | $ | 46,411 | $ | 35,673 | $ | 35,721 | $ | 30,704 | ||||||
Ratio of earnings to fixed charges | — | — | — | — | — | |||||||||||
Deficiency of earnings to fixed charges | $ | (24,903 | ) | $ | (11,466 | ) | $ | (63,928 | ) | $ | (9,853 | ) | $ | (32,072 | ) | |
Fixed charges from above | $ | 48,676 | $ | 46,411 | $ | 35,673 | $ | 35,721 | $ | 30,704 | ||||||
Preferred stock dividends | — | — | — | — | 5,579 | |||||||||||
Combined fixed charges and preferred stock dividends | $ | 48,676 | $ | 46,411 | $ | 35,673 | $ | 35,721 | $ | 36,283 | ||||||
Ratio of earnings to combined fixed charges and preferred stock dividends | — | — | — | — | — | |||||||||||
Deficiency of earnings to combined fixed charges and preferred stock dividends | $ | (24,903 | ) | $ | (11,466 | ) | $ | (63,928 | ) | $ | (9,853 | ) | $ | (37,651 | ) | |
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)