EXHIBIT 12
U.S. Concrete, Inc.
Computation of Ratio of Earnings to Fixed Charges
(In thousands)
Computation of Ratio of Earnings to Fixed Charges
(In thousands)
Nine | Nine | |||||||||||||||||||||||||||
months | months | |||||||||||||||||||||||||||
ended | ended | |||||||||||||||||||||||||||
Year Ended December 31, | September 30, | September 30, | ||||||||||||||||||||||||||
2001 | 2002 | 2003 | 2004 | 2005 | 2005 | 2006 | ||||||||||||||||||||||
Earnings before fixed charges: | ||||||||||||||||||||||||||||
Income (loss) before income taxes and cumulative effect of accounting change | $ | 17,203 | $ | (3,430 | ) | $ | 15,577 | $ | (16,916 | ) | $ | 20,733 | $ | 14,249 | $ | 25,535 | ||||||||||||
Interest expense, net | 19,407 | 17,301 | 17,084 | 16,690 | 18,169 | 12,939 | 14,590 | |||||||||||||||||||||
Interest portion of rentals | 3,700 | 4,113 | 4,210 | 4,568 | 4,789 | 3,575 | 3,767 | |||||||||||||||||||||
$ | 40,310 | $ | 17,984 | $ | 36,871 | $ | 4,342 | $ | 43,691 | $ | 30,763 | $ | 43,892 | |||||||||||||||
Fixed charges: | ||||||||||||||||||||||||||||
Interest expense | $ | 19,407 | $ | 17,301 | $ | 17,084 | $ | 16,690 | $ | 18,169 | $ | 12,939 | $ | 14,590 | ||||||||||||||
Capitalized interest | — | — | — | — | — | — | — | |||||||||||||||||||||
Interest portion of rentals | 3,700 | 4,113 | 4,210 | 4,568 | 4,789 | 3,575 | 3,767 | |||||||||||||||||||||
$ | 23,107 | $ | 21,414 | $ | 21,294 | $ | 21,258 | $ | 22,958 | $ | 16,514 | $ | 18,357 | |||||||||||||||
Ratio of earnings to fixed charges | 1.7x | 0.8x | 1.7x | 0.2x | 1.9x | 1.9x | 2.4x | |||||||||||||||||||||
Fixed charges in excess of earnings | — | 3,430 | — | 16,916 | — | — | — | |||||||||||||||||||||
Rent expense | 11,112 | 12,350 | 12,643 | 13,719 | 14,381 | 10,735 | 11,313 | |||||||||||||||||||||
Interest factor | 33 | % | 33 | % | 33 | % | 33 | % | 33 | % | 33 | % | 33 | % | ||||||||||||||
3,700 | 4,113 | 4,210 | 4,568 | 4,789 | 3,575 | 3,767 | ||||||||||||||||||||||