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Exhibit 12.1
Waste Services, Inc.
Ratio of Earnings to Fixed Charges
(In thousands)
For the Year Ended December 31, For the Six Months
-------------------------------------------------------------------- Ended June 30,
Pro Forma --------------------
2000 2001 2002 2003 2004 2004 2004 2005
-------- -------- -------- -------- -------- -------- -------- --------
Fixed Charges:
Interest expensed ......... $ 10,649 $ 10,029 $ 5,727 $ 18,439 $ 48,420 $ 41,520 $ 26,891 $ 23,954
Interest capitalized ...... -- -- -- -- 178 178 178 --
-------- -------- -------- -------- -------- -------- -------- --------
Total interest .......... 10,649 10,029 5,727 18,439 48,598 41,698 27,069 23,954
Interest component of
rent expense ............ 619 568 545 654 1,213 1,283 524 757
-------- -------- -------- -------- -------- -------- -------- --------
Total fixed charges ........... $ 11,268 $ 10,597 $ 6,272 $ 19,093 $ 49,811 $ 42,981 $ 27,593 $ 24,711
======== ======== ======== ======== ======== ======== ======== ========
Earnings:
Income (loss) from continuing
operations before
income taxes ............ $(17,271) $(18,700) $ 3,840 $(23,485) $(40,792) $(35,754) $(26,236) $(23,451)
Plus: Fixed charges ...... 11,268 10,597 6,272 19,093 49,811 42,981 27,593 24,711
Less: Interest capitalized -- -- -- -- (178) (178) (178) --
-------- -------- -------- -------- -------- -------- -------- --------
Total earnings ................ $ (6,003) $ (8,103) $ 10,112 $ (4,392) $ 8,841 $ 7,049 $ 1,179 $ 1,260
======== ======== ======== ======== ======== ======== ======== ========
Ratio of Earnings
to Fixed Charges (1) ...... -- -- 1.61x -- -- -- -- --
======== ======== ======== ======== ======== ======== ======== ========
(1) The ratio of earnings to fixed charges is computed by dividing earnings
by fixed charges. For this purpose, "earnings" includes income (loss)
before income taxes, plus fixed charges less capitalized interest.
"Fixed charges" includes interest, whether expensed or capitalized, and
the portion of rental expense that is representative of the interest
factor in these rentals. For the years ended December 31, 2000, 2001,
2003 and 2004, earnings were insufficient to cover fixed charges by
approximately $17.3 million, $18.7 million, $23.5 million and $41.0
million, respectively. Pro forma 2004 earnings were insufficient to
cover pro forma 2004 fixed charges by approximately $35.9 million. For
the six months ended June 30, 2004 and 2005, earnings were insufficient
to cover fixed charges by approximately $26.4 million and $23.5
million, respectively.