EX-12.1 33 d354150dex121.htm EX-12.1 EX-12.1

Exhibit 12.1

CENTURY COMMUNITIES, INC.

Statement Regarding Computation of Ratio of Earnings to Fixed Charges

The following table sets forth our ratio of earnings to fixed charges for the years ended December 31, 2016, 2015, 2014, 2013 and 2012.

 

     Year Ended December 31,  

(Dollars in thousands)

    2016     2015     2014     2013     2012  

Earnings

    $ 93,118     $ 70,767     $ 33,530     $ 19,679     $ 8,938  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Fixed charges

    $ 27,371     $ 20,693     $ 11,053     $ 1,183     $ 1,751  

Earnings to fixed charges

    $ 3.40     $ 3.42     $ 3.03     $ 16.63     $ 5.11  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Earnings (Loss):

           

Income before income tax expense

    $ 73,149     $ 60,305     $ 30,959     $ 18,073     $ 7,439  

Add: fixed charges

      27,371       20,693       11,053       1,183       1,751  

Less: capitalized interest

      (26,904 )      (20,313 )      (10,848 )      (1,098 )      (1,681 ) 

Add: amortization of previously capitalized interest

      19,502       10,082       2,366       1,521       1,429  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Total earnings

    $ 93,118     $ 70,767     $ 33,530     $ 19,679     $ 8,938  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Fixed Charges:

           

Interest expense (1)

    $ 5     $ 10     $ 26     $ —       $ —    

Interest component of rent expense

      462       370       179       85       70  

Capitalized interest

      26,904       20,313       10,848       1,098       1,681  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Total fixed charges

    $ 27,371     $ 20,693     $ 11,053     $ 1,183     $ 1,751  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

 

(1) Excludes capitalized interest