Exhibit 12
SUMMIT MATERIALS, LLC AND SUBSIDIARIES
Computation of Ratio of Earnings to Fixed Charges
| Nine Months Ended | Year Ended | |||||||||||||||||||||||||||
| September 26, 2015 | September 27, 2014 | December 27, 2014 | December 28, 2013 | December 29, 2012 | December 31, 2011 | December 31, 2010 | ||||||||||||||||||||||
($ in thousands) | ||||||||||||||||||||||||||||
Loss from continuing operations before income taxes (1) | $ | (58,633 | ) | $ | (13,604 | ) | $ | (13,336 | ) | $ | (105,798 | ) | $ | (50,951 | ) | $ | (1,441 | ) | $ | (20,722 | ) | |||||||
Add (deduct) | ||||||||||||||||||||||||||||
Distributions from equity investments | 900 | 757 | 757 | 120 | 817 | 156 | — | |||||||||||||||||||||
Loss (income) from equity method investees | (817 | ) | (1,070 | ) | (1,408 | ) | (1,161 | ) | (683 | ) | 894 | 656 | ||||||||||||||||
Capitalized interest | — | — | — | (640 | ) | (193 | ) | — | (433 | ) | ||||||||||||||||||
Fixed Charges | 64,611 | 63,841 | 88,570 | 58,419 | 59,438 | 49,218 | 27,262 | |||||||||||||||||||||
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Earnings, as defined | $ | 6,061 | $ | 49,924 | $ | 74,583 | $ | (49,060 | ) | $ | 8,428 | $ | 48,827 | $ | 6,763 | |||||||||||||
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Fixed Charges: | ||||||||||||||||||||||||||||
Interest on indebtedness and amortization of deferred financing costs | $ | 61,649 | $ | 62,555 | $ | 86,742 | $ | 56,443 | $ | 58,079 | $ | 47,784 | $ | 25,430 | ||||||||||||||
Capitalized interest | — | — | — | 640 | 193 | — | 433 | |||||||||||||||||||||
Portion of rental expense under operating leases representative of the interest factor | 2,962 | 1,286 | 1,828 | 1,336 | 1,166 | 1,434 | 1,399 | |||||||||||||||||||||
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Total fixed charges | $ | 64,611 | $ | 63,841 | $ | 88,570 | $ | 58,419 | $ | 59,438 | $ | 49,218 | $ | 27,262 | ||||||||||||||
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Ratio of earnings to fixed charges (2)(3) | 0.1 | 0.8 | 0.8 | N/A | 0.1 | 1.0 | 0.2 | |||||||||||||||||||||
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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 for the year ended 2013. |