EX-12.1 2 bcc12312013ex121.htm RATIO OF EARNINGS TO FIXED CHARGES BCC 12.31.2013 EX 12.1


Exhibit 12.1

Boise Cascade Company
Ratio of Earnings to Fixed Charges

 
Year Ended December 31
 
2013
 
2012
 
2011
 
2010
 
2009
 
(thousands, except ratios)
Interest costs
$
20,426

 
$
21,757

 
$
18,987

 
$
21,005

 
$
22,520

Capitalized interest
—

 
—

 
—

 
—

 
—

Interest factor related to noncapitalized leases 
5,041

 
5,950

 
6,210

 
5,664

 
5,727

Total fixed charges
$
25,467

 
$
27,707

 
$
25,197

 
$
26,669

 
$
28,247

 
 
 
 
 
 
 
 
 
 
Income (loss) before income taxes and cumulative effect of accounting changes 
$
78,148

 
$
41,803

 
$
(46,123
)
 
$
(32,997
)
 
$
(97,838
)
Undistributed (earnings) losses of less than 50% -owned entities, net of distributions
—

 
—

 
—

 
—

 
—

Total fixed charges
25,467

 
27,707

 
25,197

 
26,669

 
28,247

Total earnings (losses) before fixed charges
$
103,615

 
$
69,510

 
$
(20,926
)
 
$
(6,328
)
 
$
(69,591
)
 
 
 
 
 
 
 
 
 
 
Ratio of earnings to fixed charges
4.07

 
2.51

 
N/A

 
N/A

 
N/A

 
 
 
 
 
 
 
 
 
 
Amount by which earnings are insufficient to cover fixed charges
N/A

 
N/A

 
$
46,123

 
$
32,997

 
$
97,838