Attached files
| file | filename |
|---|---|
| EX-32.1 - EXHIBIT 32.1 - AV Homes, Inc. | exhibit321-section1350ceoc.htm |
| EX-21 - EXHIBIT 21 - AV Homes, Inc. | exhibit21-significantsubsi.htm |
| EX-31.1 - EXHIBIT 31.1 - AV Homes, Inc. | exhibit311-section302ceoce.htm |
| EX-23.1 - EXHIBIT 23.1 - AV Homes, Inc. | exhibit231-consentofindepe.htm |
| EX-32.2 - EXHIBIT 32.2 - AV Homes, Inc. | exhibit322-section1350cfoc.htm |
| EX-31.2 - EXHIBIT 31.2 - AV Homes, Inc. | exhibit312-section302cfoce.htm |
| EX-10.16 - EXHIBIT 10.16 - AV Homes, Inc. | exhibit1016-formofperforma.htm |
| EX-10.15 - EXHIBIT 10.15 - AV Homes, Inc. | exhibit1015-formofrestrict.htm |
| 10-K - 10-K - AV Homes, Inc. | avhomes201510-k.htm |
Exhibit 12.1
Computation of Ratio of Income to Fixed Charges
(in thousands)
2011 | 2012 | 2013 | 2014 | 2015 | |||||||||||||||
Earnings: | |||||||||||||||||||
Income (loss) before income taxes and effects of changes in accounting principles | $ | (165,704 | ) | $ | (87,683 | ) | $ | (8,272 | ) | $ | (1,603 | ) | $ | 12,386 | |||||
Less: net income (loss) from non-controlling interests | (296 | ) | 2,552 | 1,205 | 329 | — | |||||||||||||
Plus: fixed charges | 10,088 | 9,266 | 9,330 | 18,148 | 28,277 | ||||||||||||||
Plus: amortization of previously capitalized interest | 273 | 913 | 2,455 | 4,622 | 11,041 | ||||||||||||||
Less: capitalized interest | 439 | 1,263 | 6,466 | 12,302 | 19,168 | ||||||||||||||
Earnings | $ | (155,486 | ) | $ | (81,319 | ) | $ | (4,158 | ) | $ | 8,536 | $ | 32,536 | ||||||
Fixed charges: | |||||||||||||||||||
Interest expensed and capitalized | $ | 8,192 | $ | 6,658 | $ | 7,769 | $ | 16,078 | $ | 25,590 | |||||||||
Amortization of discount and debt issue costs | 1,763 | 2,578 | 1,527 | 2,029 | 2,617 | ||||||||||||||
Interest portion of rental expense | 133 | 30 | 34 | 41 | 70 | ||||||||||||||
Fixed charges | $ | 10,088 | $ | 9,266 | $ | 9,330 | $ | 18,148 | $ | 28,277 | |||||||||
Ratio of earnings to fixed charges | N/A | N/A | N/A | 0.47 | 1.15 | ||||||||||||||
Excess (deficiency) amount | $ | (165,574 | ) | $ | (90,585 | ) | $ | (13,488 | ) | $ | (9,612 | ) | $ | 4,259 | |||||