Exhibit 12.1
SUMMIT MATERIALS, LLC AND SUBSIDIARIES
Computation of Ratio of Earnings to Fixed Charges
| | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | Successor | | | | | Predecessor | |
| ($ in thousands) | | Year Ended
December 28,
2013 | | | Year Ended
December 29,
2012 | | | Year Ended
December 31,
2011 | | | Year Ended
December 31,
2010 | | | August 26,
2009 to
December 31,
2009 | | | | | April 1,
2009 to
August 25,
2009 | |
Loss from continuing operations before income taxes (1) | | $ | (105,798 | ) | | $ | (50,951 | ) | | $ | (1,441 | ) | | $ | (20,722 | ) | | $ | (5,040 | ) | | | | $ | 5,945 | |
Add (deduct) | | | | | | | | | | | | | | | | | | | | | | | | | | |
Distributions from equity investments | | | 120 | | | | 817 | | | | 156 | | | | — | | | | — | | | | | | — | |
Loss (income) from equity method investees | | | (1,161 | ) | | | (683 | ) | | | 894 | | | | 656 | | | | — | | | | | | — | |
Capitalized interest | | | (640 | ) | | | (193 | ) | | | — | | | | (433 | ) | | | — | | | | | | — | |
Fixed Charges | | | 58,419 | | | | 59,438 | | | | 49,218 | | | | 27,262 | | | | — | | | | | | — | |
| | | | | | | | | | | | | | | | | | | | | | | | | | |
Earnings, as defined | | $ | (49,060 | ) | | $ | 8,428 | | | $ | 48,827 | | | $ | 6,763 | | | $ | (5,040 | ) | | | | $ | 5,945 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | |
Fixed Charges: | | | | | | | | | | | | | | | | | | | | | | | | | | |
Interest on indebtedness and amortization of deferred financing costs | | $ | 56,443 | | | $ | 58,079 | | | $ | 47,784 | | | $ | 25,430 | | | $ | 574 | | | | | $ | — | |
Capitalized interest | | | 640 | | | | 193 | | | | — | | | | 433 | | | | — | | | | | | — | |
Portion of rental expense under operating leases representative of the interest factor | | | 1,336 | | | | 1,166 | | | | 1,434 | | | | 1,399 | | | | 19 | | | | | | 16 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | |
Total fixed charges | | $ | 58,419 | | | $ | 59,438 | | | $ | 49,218 | | | $ | 27,262 | | | $ | 593 | | | | | $ | 16 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | |
Ratio of earnings to fixed charges (2)(3) | | | N/A | | | | 0.1 | | | | 1.0 | | | | 0.2 | | | | N/A | | | | | | 364 | |
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| (1) | Represents earnings from continuing operations before adjustments for noncontrolling interests in consolidated subsidiaries. |
| (2) | The ratio of earnings to fixed charges is determined by dividing earnings, as adjusted, by fixed charges. Fixed charges consist of interest on all indebtedness plus that portion of operating lease rentals representative of the interest factor (deemed to be 33% of operating lease rentals). |
| (3) | Earnings were insufficient to cover fixed charges by $107.5 million and $5.6 million for the year ended December 28, 2013 and the period from August 26, 2009 to December 31, 2009, respectively. |
