EX-12.1 2 bcc12312015ex121.htm RATIO OF EARNINGS TO FIXED CHARGES Exhibit


Exhibit 12.1

Boise Cascade Company
Ratio of Earnings to Fixed Charges

 
Year Ended December 31
 
2015
 
2014
 
2013
 
2012
 
2011
 
(thousands, except ratios)
Interest costs
$
22,532

 
$
22,049

 
$
20,426

 
$
21,757

 
$
18,987

Capitalized interest
—

 
—

 
—

 
—

 
—

Interest factor related to noncapitalized leases 
6,913

 
5,741

 
5,041

 
5,950

 
6,210

Total fixed charges
$
29,445

 
$
27,790

 
$
25,467

 
$
27,707

 
$
25,197

 
 
 
 
 
 
 
 
 
 
Income (loss) before income taxes and cumulative effect of accounting changes 
$
80,682

 
$
123,305

 
$
78,148

 
$
41,803

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

 
—

 
—

 
—

 
—

Total fixed charges
29,445

 
27,790

 
25,467

 
27,707

 
25,197

Total earnings (losses) before fixed charges
$
110,127

 
$
151,095

 
$
103,615

 
$
69,510

 
$
(20,926
)
 
 
 
 
 
 
 
 
 
 
Ratio of earnings to fixed charges
3.74

 
5.44

 
4.07

 
2.51

 
N/A

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

 
N/A

 
N/A

 
N/A

 
$
46,123