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- S-4 Registration of securities issued in business combination transactions
- 1.1 Ex. 1.1
- 3.1 Ex. 3.1
- 3.2 Ex. 3.2
- 3.3 Ex. 3.3
- 3.4 Ex. 3.4
- 3.5 Ex. 3.5
- 3.6 Ex. 3.6
- 3.7 Ex. 3.7
- 3.8 Ex. 3.8
- 3.9 Ex. 3.9
- 3.10 Ex. 3.10
- 3.11 Ex. 3.11
- 3.12 Ex. 3.12
- 3.13 Ex. 3.13
- 3.14 Ex. 3.14
- 3.15 Ex. 3.15
- 3.16 Ex. 3.16
- 3.17 Ex. 3.17
- 3.18 Ex. 3.18
- 3.19 Ex. 3.19
- 3.20 Ex. 3.20
- 3.21 Ex. 3.21
- 3.22 Ex. 3.22
- 3.23 Ex. 3.23
- 3.24 Ex. 3.24
- 3.25 Ex. 3.25
- 3.26 Ex. 3.26
- 3.27 Ex. 3.27
- 3.28 Ex. 3.28
- 3.29 Ex. 3.29
- 3.30 Ex. 3.30
- 3.31 Ex. 3.31
- 3.32 Ex. 3.32
- 3.33 Ex. 3.33
- 3.34 Ex. 3.34
- 3.35 Ex. 3.35
- 3.36 Ex. 3.36
- 3.37 Ex. 3.37
- 3.38 Ex. 3.38
- 3.39 Ex. 3.39
- 3.40 Ex. 3.40
- 3.41 Ex. 3.41
- 3.42 Ex. 3.42
- 3.43 Ex. 3.43
- 3.44 Ex. 3.44
- 3.45 Ex. 3.45
- 3.46 Ex. 3.46
- 3.47 Ex. 3.47
- 3.48 Ex. 3.48
- 3.49 Ex. 3.49
- 3.50 Ex. 3.50
- 3.51 Ex. 3.51
- 3.52 Ex. 3.52
- 3.53 Ex. 3.53
- 3.54 Ex. 3.54
- 3.55 Ex. 3.55
- 3.56 Ex. 3.56
- 3.57 Ex. 3.57
- 3.58 Ex. 3.58
- 3.59 Ex. 3.59
- 3.60 Ex. 3.60
- 3.61 Ex. 3.61
- 3.62 Ex. 3.62
- 3.63 Ex. 3.63
- 3.64 Ex. 3.64
- 3.65 Ex. 3.65
- 3.66 Ex. 3.66
- 3.67 Ex. 3.67
- 3.68 Ex. 3.68
- 3.69 Ex. 3.69
- 3.70 Ex. 3.70
- 3.71 Ex. 3.71
- 3.72 Ex. 3.72
- 3.73 Ex. 3.73
- 3.74 Ex. 3.74
- 3.75 Ex. 3.75
- 3.76 Ex. 3.76
- 3.77 Ex 3.77
- 3.78 Ex 3.78
- 3.79 Ex. 3.79
- 3.80 Ex. 3.80
- 3.81 Ex. 3.81
- 3.82 Ex. 3.82
- 3.83 Ex. 3.83
- 3.84 Ex. 3.84
- 3.85 Ex. 3.85
- 3.86 Ex. 3.86
- 3.87 Ex. 3.87
- 3.88 Ex. 3.88
- 3.89 Ex. 3.89
- 3.90 Ex. 3.90
- 3.91 Ex. 3.91
- 3.92 Ex. 3.92
- 3.93 Ex. 3.93
- 3.94 Ex. 3.94
- 3.95 Ex. 3.95
- 3.96 Ex. 3.96
- 3.97 Ex. 3.97
- 3.98 Ex. 3.98
- 3.99 Ex. 3.99
- 3.100 Ex. 3.100
- 3.101 Ex. 3.101
- 3.102 Ex. 3.102
- 3.103 Ex. 3.103
- 3.104 Ex. 3.104
- 3.105 Ex. 3.105
- 3.106 Ex. 3.106
- 3.107 Ex. 3.107
- 3.108 Ex. 3.108
- 3.109 Ex. 3.109
- 3.110 Ex. 3.110
- 3.111 Ex. 3.111
- 3.112 Ex. 3.112
- 3.113 Ex. 3.113
- 3.114 Ex. 3.114
- 3.115 Ex. 3.115
- 3.116 Ex. 3.116
- 3.117 Ex. 3.117
- 3.118 Ex. 3.118
- 3.119 Ex. 3.119
- 3.120 Ex. 3.120
- 3.121 Ex. 3.121
- 3.122 Ex. 3.122
- 3.123 Ex. 3.123
- 3.124 Ex. 3.124
- 3.125 Ex. 3.125
- 3.126 Ex. 3.126
- 3.127 Ex. 3.127
- 3.128 Ex. 3.128
- 3.129 Ex. 3.129
- 3.130 Ex. 3.130
- 3.131 Ex. 3.131
- 3.132 Ex. 3.132
- 3.133 Ex. 3.133
- 3.134 Ex. 3.134
- 3.135 Ex. 3.135
- 3.136 Ex. 3.136
- 3.137 Ex. 3.137
- 3.138 Ex. 3.138
- 3.139 Ex. 3.139
- 3.140 Ex. 3.140
- 4.1 Ex. 4.1
- 4.2 Ex. 4.2
- 5.1 Ex. 5.1
- 5.2 Ex. 5.2
- 5.3 Ex. 5.3
- 5.4 Ex. 5.4
- 5.5 Ex. 5.5
- 5.6 Ex. 5.6
- 5.7 Ex. 5.7
- 8.1 Ex. 8.1
- 10.1 Ex. 10.1
- 10.2 Ex. 10.2
- 10.3 Ex. 10.3
- 10.4 Ex. 10.4
- 10.5 Ex. 10.5
- 10.6 Ex. 10.6
- 10.7 Ex. 10.7
- 12.1 Ex. 12.1
- 23.1 Ex. 23.1
- 25.1 Ex. 25.1
- 99.1 Ex. 99.1
- 99.2 Ex. 99.2
- 99.3 Ex. 99.3
Exhibit 12.1
Kimball Hill, Inc.
Computation of earnings to fixed charges
Amounts in thousands, except ratio of earnings to fixed charges
|
| Year ended September 30, |
| Three months ended |
| ||||||||||||||
|
| 2001 |
| 2002 |
| 2003 |
| 2004 |
| 2005 |
| December 31, 2005 |
| ||||||
EARNINGS: |
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||
Earnings before income taxes |
| $ | 30,151 |
| $ | 41,055 |
| $ | 60,202 |
| $ | 82,984 |
| $ | 137,523 |
| $ | 24,405 |
|
Less: Equity in income of unconsolidated joint ventures |
| (1,518 | ) | (1,123 | ) | (618 | ) | (833 | ) | (3,282 | ) | (157 | ) | ||||||
Minority interests in net earnings of consolidated partnerships |
| 3,603 |
| 4,453 |
| 4,122 |
| 4,232 |
| 6,152 |
| 359 |
| ||||||
Fixed charges (from below) |
| 33,407 |
| 25,242 |
| 30,774 |
| 31,668 |
| 39,546 |
| 11,605 |
| ||||||
Distributed income from unconsolidated joint ventures |
| 1,518 |
| 1,123 |
| 618 |
| 833 |
| 3,282 |
| 157 |
| ||||||
Less: Interest capitalized |
| (32,643 | ) | (24,300 | ) | (29,015 | ) | (30,016 | ) | (38,221 | ) | (11,183 | ) | ||||||
Interest amortized to cost of sales |
| 34,016 |
| 19,584 |
| 26,883 |
| 35,382 |
| 27,696 |
| 5,046 |
| ||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||
Earnings available for fixed charges |
| $ | 68,534 |
| $ | 66,034 |
| $ | 92,966 |
| $ | 124,250 |
| $ | 172,696 |
| $ | 30,232 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||
FIXED CHARGES: |
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||
Interest incurred, including capitalized amounts and amortization of debt costs |
| $ | 32,712 |
| $ | 24,546 |
| $ | 29,964 |
| $ | 30,641 |
| $ | 38,255 |
| $ | 11,187 |
|
Estimated interest component of rent expense |
| 695 |
| 696 |
| 810 |
| 1,027 |
| 1,291 |
| 418 |
| ||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||
Total fixed charges |
| $ | 33,407 |
| $ | 25,242 |
| $ | 30,774 |
| $ | 31,668 |
| $ | 39,546 |
| $ | 11,605 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||
RATIO OF EARNINGS TO FIXED CHARGES |
| 2.05 |
| 2.62 |
| 3.02 |
| 3.92 |
| 4.37 |
| 2.61 |
| ||||||