Exhibit 12
SUMMIT MATERIALS, LLC AND SUBSIDIARIES
Computation of Ratios of Earnings to Fixed Charges
| Three Months Ended | Successor | Predecessor | ||||||||||||||||||||||||||||||||
(in thousands) | March 30, 2013 | March 31, 2012 | 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 | Year Ended March 31, 2009 | ||||||||||||||||||||||||||
Loss from continuing operations before income taxes (1) | $ | (58,898 | ) | $ | (62,692 | ) | $ | (51,723 | ) | $ | (2,906 | ) | $ | (21,089 | ) | $ | (5,040 | ) | $ | 5,945 | $ | 11,381 | ||||||||||||
Add (deduct) | ||||||||||||||||||||||||||||||||||
Distributions from equity investments | — | — | 817 | 156 | — | — | — | — | ||||||||||||||||||||||||||
Loss (income) from equity method investees | 517 | 253 | (683 | ) | 894 | 656 | — | — | — | |||||||||||||||||||||||||
Capitalized interest | — | — | (193 | ) | — | (433 | ) | — | — | — | ||||||||||||||||||||||||
Fixed Charges | 13,669 | 14,563 | 59,438 | 49,218 | 27,262 | |||||||||||||||||||||||||||||
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Earnings, as defined | $ | (44,712 | ) | $ | (47,876 | ) | $ | 7,656 | $ | 47,362 | $ | 6,396 | $ | (5,040 | ) | $ | 5,945 | $ | 11,381 | |||||||||||||||
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Fixed Charges: | ||||||||||||||||||||||||||||||||||
Interest on indebtedness and amortization of deferred financing costs | 13,367 | 14,113 | $ | 58,079 | $ | 47,784 | $ | 25,430 | $ | 574 | $ | — | $ | — | ||||||||||||||||||||
Capitalized interest | — | — | 193 | — | 433 | — | — | — | ||||||||||||||||||||||||||
Portion of rental expense under operating leases representative of the interest factor | 302 | 450 | 1,166 | 1,434 | 1,399 | 19 | 16 | 33 | ||||||||||||||||||||||||||
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Total fixed charges | 13,669 | 14,563 | $ | 59,438 | $ | 49,218 | $ | 27,262 | $ | 593 | $ | 16 | $ | 33 | ||||||||||||||||||||
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Ratio of earnings | N/A | N/A | 0.1 | 1.0 | 0.2 | N/A | 364 | 341 | ||||||||||||||||||||||||||
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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 $72.6 million, $77.3 million and $5.6 million for the three month period ended March 30, 2013, the three month period ended March 31, 2012 and the period from August 26, 2009 to December 31, 2009, respectively. |