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Filing tables
Filing exhibits
- S-3ASR Automatic shelf registration
- 3.3 Exhibit 3.3
- 3.4 Exhibit 3.4
- 3.5 Exhibit 3.5
- 3.6 Exhibit 3.6(A)
- 3.6 Exhibit 3.6(B)
- 3.7 Exhibit 3.7(A)
- 3.7 Exhibit 3.7(B)
- 3.8 Exhibit 3.8
- 3.9 Exhibit 3.9(A)
- 3.9 Exhibit 3.9B
- 3.10 Exhibit 3.10
- 3.11 Exhibit 3.11
- 3.12 Exhibit 3.12
- 3.13 Exhibit 3.13(A)
- 3.13 Exhibit 3.13(B)
- 3.14 Exhibit 3.14(A)
- 3.14 Exhibit 3.14(B)
- 3.15 Exhibit 3.15
- 3.16 Exhibit 3.16
- 3.17 Exhibit 3.17(A)
- 3.17 Exhibit 3.17(B)
- 3.17 Exhibit 3.17(C)
- 3.18 Exhibit 3.18
- 3.19 Exhibit 3.19(A)
- 3.19 Exhibit 3.19(B)
- 3.20 Exhibit 3.20
- 3.21 Exhibit 3.21(A)
- 3.21 Exhibit 3.21(B)
- 3.22 Exhibit 3.22(A)
- 3.22 Exhibit 3.22(B)
- 3.23 Exhibit 3.23(A)
- 3.23 Exhibit 3.23(B)
- 3.24 Exhibit 3.24
- 3.25 Exhibit 3.25
- 3.26 Exhibit 3.26
- 3.27 Exhibit 3.27
- 3.28 Exhibit 3.28(A)
- 3.28 Exhibit 3.28(B)
- 3.29 Exhibit 3.29(A)
- 3.29 Exhibit 3.29(B)
- 3.29 Exhibit 3.29(C)
- 3.30 Exhibit 3.30
- 3.31 Exhibit 3.31
- 3.32 Exhibit 3.32
- 3.33 Exhibit 3.33
- 3.34 Exhibit 3.34
- 3.35 Exhibit 3.35(A)
- 3.35 Exhibit 3.35(B)
- 3.36 Exhibit 3.36
- 3.37 Exhibit 3.37(A)
- 3.37 Exhibit 3.37(B)
- 3.38 Exhibit 3.38
- 3.39 Exhibit 3.39(A)
- 3.39 Exhibit 3.39(B)
- 3.40 Exhibit 3.40(A)
- 3.40 Exhibit 3.40(B)
- 3.41 Exhibit 3.41(A)
- 3.41 Exhibit 3.41(B)
- 3.42 Exhibit 3.42
- 3.43 Exhibit 3.43
- 3.44 Exhibit 3.44
- 3.45 Exhibit 3.45
- 3.46 Exhibit 3.46
- 3.47 Exhibit 3.47
- 3.48 Exhibit 3.48
- 3.49 Exhibit 3.49(A)
- 3.49 Exhibit 3.49(B)
- 3.50 Exhibit 3.50
- 3.51 Exhibit 3.51
- 3.52 Exhibit 3.52
- 3.53 Exhibit 3.53
- 3.54 Exhibit 3.54
- 3.55 Exhibit 3.55
- 3.56 Exhibit 3.56
- 3.57 Exhibit 3.57
- 3.58 Exhibit 3.58
- 3.59 Exhibit 3.59
- 3.60 Exhibit 3.60
- 3.61 Exhibit 3.61
- 3.62 Exhibit 3.62
- 3.63 Exhibit 3.63
- 3.64 Exhibit 3.64
- 3.65 Exhibit 3.65
- 5.1 Exhibit 5.1
- 12.1 Exhibit 12.1
- 23.1 Exhibit 23.1
- 25.1 Exhibit 25.1
Filing view
External links
Exhibit 12.1
LGI Homes, Inc.
Computation of Ratio of Earnings to Total Fixed Charges
Six Months Ended | Year Ended December 31, | |||||||||||||||||||||||
June 30, 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |||||||||||||||||||
Earnings available for fixed charges: | ||||||||||||||||||||||||
Net income before income taxes | $ | 93,897,792 | $ | 171,402,114 | $ | 113,672,204 | $ | 80,279,533 | $ | 43,079,065 | $ | 22,803,327 | ||||||||||||
Less: Income from unconsolidated joint ventures | — | — | — | — | — | (4,286,639 | ) | |||||||||||||||||
Add: Distributed equity income of affiliated companies | — | — | — | — | — | 4,413,972 | ||||||||||||||||||
Add: Fixed charges | 16,054,659 | 24,515,339 | 18,652,004 | 14,398,932 | 6,094,459 | 1,410,618 | ||||||||||||||||||
Add: Amortization of capitalized interest | 10,900,304 | 17,399,555 | 10,680,566 | 6,057,470 | 1,703,806 | 1,104,876 | ||||||||||||||||||
Less: Capitalized interest | (15,980,019 | ) | (24,275,286 | ) | (18,456,650 | ) | (14,198,224 | ) | (6,026,238 | ) | (1,326,976 | ) | ||||||||||||
Less: (Income) loss attributable to non-controlling interests | — | — | — | — | — | 589,818 | ||||||||||||||||||
Total earnings available for fixed charges | $ | 104,872,736 | $ | 189,041,722 | $ | 124,548,125 | $ | 86,537,711 | $ | 44,851,092 | $ | 24,708,996 | ||||||||||||
Fixed charges: | ||||||||||||||||||||||||
Interest expense | $ | — | $ | — | $ | — | $ | — | $ | — | $ | 50,946 | ||||||||||||
Capitalized interest (includes amortization of debt discount and debt issuance cost) | 15,980,019 | 24,275,286 | 18,456,650 | 14,198,224 | 6,026,238 | 1,326,976 | ||||||||||||||||||
Portion of rental expense which represents interest factor | 74,640 | 240,053 | 195,355 | 200,708 | 68,221 | 32,696 | ||||||||||||||||||
Total fixed charges | $ | 16,054,659 | $ | 24,515,339 | $ | 18,652,004 | $ | 14,398,932 | $ | 6,094,459 | $ | 1,410,618 | ||||||||||||
Ratio of earnings to fixed charges | 6.5 | x | 7.7 | x | 6.7 | x | 6.0 | x | 7.4 | x | 17.5 | x |