Exhibit 12
Boise Cascade Holdings, L.L.C.
Ratio of Earnings to Fixed Charges
(unaudited)
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| Boise |
| Predecessor |
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| Three Months Ended |
| Year |
| October 29 |
| January 1 |
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2006 |
| 2005 | 2003 |
| 2002 | |||||||||||||||||
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Interest costs |
| $ | 30,176 |
| $ | 32,079 |
| $ | 166,344 |
| $ | 22,182 |
| $ | 75,219 |
| $ | 95,320 |
| $ | 96,853 |
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Interest factor related to noncapitalized leases (a) |
| 758 |
| 654 |
| 2,338 |
| 499 |
| 2,438 |
| 2,445 |
| 2,415 |
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Total fixed charges |
| $ | 30,934 |
| $ | 32,733 |
| $ | 168,682 |
| $ | 22,681 |
| $ | 77,657 |
| $ | 97,765 |
| $ | 99,268 |
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Income (loss) before income taxes and cumulative effect of accounting changes |
| $ | 1,277 |
| $ | 65,378 |
| $ | 119,278 |
| $ | 25,031 |
| $ | 116,817 |
| $ | (79,691 | ) | $ | (106,154 | ) |
Undistributed (earnings) losses of less than 50% owned entities, net of distributions |
| — |
| — |
| — |
| — |
| (6,308 | ) | (8,716 | ) | 1,454 |
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Total fixed charges |
| 30,934 |
| 32,733 |
| 168,682 |
| 22,681 |
| 77,657 |
| 97,765 |
| 99,268 |
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Total earnings (losses) before fixed charges |
| $ | 32,211 |
| $ | 98,111 |
| $ | 287,960 |
| $ | 47,712 |
| $ | 188,166 |
| $ | 9,358 |
| $ | (5,432 | ) |
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Ratio of earnings to fixed charges |
| 1.04 |
| 3.00 |
| 1.71 |
| 2.10 |
| 2.42 |
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| — |
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Excess of fixed charges over earnings before fixed charges |
| — |
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| — |
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| $ | 88,407 |
| $ | 104,700 |
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(a) Interest expense for operating leases with terms of one year or longer is based on an imputed interest rate for each lease.
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