Casella Waste Systems (CWST) 10-Q 2013 Q3 Quarterly report

EXHIBIT 12.1

Casella Waste Systems, Inc.

Statement of Computation of Ratio of Earnings to Fixed Charges and Earnings to Combined Fixed Charges and Preferred Stock Dividends

(in thousands, except ratios)

	Three Months Ended January 31,			Nine Months Ended January 31,			Twelve Months Ended April 30,
	2013			2013			2012			2011			2010			2009			2008
Loss from continuing operations before income taxes and discontinued operations	$	(16,437	)	$	(44,845	)	$	(77,136	)	$	(27,921	)	$	(13,807	)	$	(65,871	)	$	(14,655	)
Loss from equity method investments		1,436			3,311			9,994			4,096			2,690			2,157			6,077
Impairment of equity method investment		—			—			10,680
Fixed charges		10,237			35,153			48,087			48,676			46,411			35,673			35,721
Less: interest capitalized		(78	)		(287	)		(407	)		(1,078	)		(349	)		(214	)		(1,275	)
Earnings	$	(4,842	)	$	(6,668	)	$	(8,782	)	$	23,773		$	34,945		$	(28,255	)	$	25,868
Interest expense (includes amortization of premium and discounts and deferred financing charges)	$	9,407		$	32,958		$	45,541		$	45,912		$	44,375		$	33,840		$	33,282
Estimate of interest within rental expense		752			1,908			2,139			1,686			1,687			1,619			1,164
Interest capitalized		78			287			407			1,078			349			214			1,275
Fixed charges	$	10,237		$	35,153		$	48,087		$	48,676		$	46,411		$	35,673		$	35,721
Ratio of earnings to fixed charges		—			—			—			—			—			—			—
Deficiency of earnings to fixed charges	$	(15,079	)	$	(41,821	)	$	(56,869	)	$	(24,903	)	$	(11,466	)	$	(63,928	)	$	(9,853	)
Fixed charges from above	$	10,237		$	35,153		$	48,087		$	48,676		$	46,411		$	35,673		$	35,721
Preferred stock dividends		—			—			—			—			—			—			—
Combined fixed charges and preferred stock dividends	$	10,237		$	35,153		$	48,087		$	48,676		$	46,411		$	35,673		$	35,721
Ratio of earnings to combined fixed charges and preferred stock dividends		—			—			—			—			—			—			—
Deficiency of earnings to combined fixed charges and preferred stock dividends	$	(15,079	)	$	(41,821	)	$	(56,869	)	$	(24,903	)	$	(11,466	)	$	(63,928	)	$	(9,853	)