EX-12.1 3 bcc12312017ex121.htm RATIO OF EARNINGS TO FIXED CHARGES
Exhibit 12.1
Boise Cascade Company
Ratio of Earnings to Fixed Charges

| Year Ended December 31
| 2017 |  | 2016 |  | 2015 |  | 2014 |  | 2013
| (thousands, except ratios)
Interest costs | $ | 25,370 |  |  | $ | 26,692 |  |  | $ | 22,532 |  |  | $ | 22,049 |  |  | $ | 20,426 |
Capitalized interest | — |  |  | — |  |  | — |  |  | — |  |  | — |
Interest factor related to noncapitalized leases | 7,371 |  |  | 6,582 |  |  | 6,913 |  |  | 5,741 |  |  | 5,041 |
Total fixed charges | $ | 32,741 |  |  | $ | 33,274 |  |  | $ | 29,445 |  |  | $ | 27,790 |  |  | $ | 25,467 |
Income before income taxes and cumulative effect of accounting changes | $ | 117,588 |  |  | $ | 43,301 |  |  | $ | 80,682 |  |  | $ | 123,305 |  |  | $ | 78,148 |
Undistributed (earnings) losses of less than 50% -owned entities, net of distributions | — |  |  | — |  |  | — |  |  | — |  |  | — |
Total fixed charges | 32,741 |  |  | 33,274 |  |  | 29,445 |  |  | 27,790 |  |  | 25,467 |
Total earnings before fixed charges | $ | 150,329 |  |  | $ | 76,575 |  |  | $ | 110,127 |  |  | $ | 151,095 |  |  | $ | 103,615 |
Ratio of earnings to fixed charges | 4.59 |  |  | 2.30 |  |  | 3.74 |  |  | 5.44 |  |  | 4.07 |
Amount by which earnings are insufficient to cover fixed charges | N/A |  |  | N/A |  |  | N/A |  |  | N/A |  |  | N/A |