Exhibit 12
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)
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| 2011 |
| 2010 |
| 2009 |
| 2008 |
| 2007 |
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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 |
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Less: interest capitalized |
| (1,078 | ) | (349 | ) | (214 | ) | (1,275 | ) | (1,116 | ) | |||||
Earnings |
| $ | 23,773 |
| $ | 34,945 |
| $ | (28,255 | ) | $ | 25,868 |
| $ | (1,368 | ) |
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Interest expense (includes amortization of premium and discounts and deferred financing charges) |
| $ | 45,912 |
| $ | 44,375 |
| $ | 33,840 |
| $ | 33,282 |
| $ | 28,533 |
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Estimate of interest within rental expense |
| 1,686 |
| 1,687 |
| 1,619 |
| 1,164 |
| 1,055 |
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Interest capitalized |
| 1,078 |
| 349 |
| 214 |
| 1,275 |
| 1,116 |
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Fixed charges |
| $ | 48,676 |
| $ | 46,411 |
| $ | 35,673 |
| $ | 35,721 |
| $ | 30,704 |
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Ratio of earnings to fixed charges |
| — |
| — |
| — |
| — |
| — |
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Deficiency of earnings to fixed charges |
| $ | (24,903 | ) | $ | (11,466 | ) | $ | (63,928 | ) | $ | (9,853 | ) | $ | (32,072 | ) |
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Fixed charges from above |
| $ | 48,676 |
| $ | 46,411 |
| $ | 35,673 |
| $ | 35,721 |
| $ | 30,704 |
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Preferred stock dividends |
| — |
| — |
| — |
| — |
| 5,579 |
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Combined fixed charges and preferred stock dividends |
| $ | 48,676 |
| $ | 46,411 |
| $ | 35,673 |
| $ | 35,721 |
| $ | 36,283 |
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Ratio of earnings to combined fixed charges and preferred stock dividends |
| — |
| — |
| — |
| — |
| — |
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Deficiency of earnings to combined fixed charges and preferred stock dividends |
| $ | (24,903 | ) | $ | (11,466 | ) | $ | (63,928 | ) | $ | (9,853 | ) | $ | (37,651 | ) |
