Attached files
file | filename |
---|---|
EX-32.1 - EXHIBIT 32.1 - U.S. CONCRETE, INC. | exhibit32110k4q16.htm |
10-K - 10-K - U.S. CONCRETE, INC. | a123116-10k.htm |
EX-95.1 - EXHIBIT 95.1 - U.S. CONCRETE, INC. | exhibit951miningdisclosure.htm |
EX-32.2 - EXHIBIT 32.2 - U.S. CONCRETE, INC. | exhibit32210k4q16.htm |
EX-31.2 - EXHIBIT 31.2 - U.S. CONCRETE, INC. | exhibit31210k4q16.htm |
EX-31.1 - EXHIBIT 31.1 - U.S. CONCRETE, INC. | exhibit31110k4q16.htm |
EX-23.1 - EXHIBIT 23.1 - U.S. CONCRETE, INC. | exhibit231gtconsent4q16.htm |
EX-21.1 - EXHIBIT 21.1 - U.S. CONCRETE, INC. | exhibit211subsidiarylist4q.htm |
EX-4.6 - EXHIBIT 4.6 - U.S. CONCRETE, INC. | exhibit46-xuscrsupplemen.htm |
Exhibit 12.1
STATEMENT OF COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES (1)
(Dollars in millions)
(Unaudited)
Year Ended December 31, | |||||||||||||||||||||
2016 | 2015 | 2014 | 2013 | 2012 | |||||||||||||||||
Earnings: | |||||||||||||||||||||
Pretax income (loss) from continuing operations | $ | 30.7 | $ | (4.3 | ) | $ | 23.7 | $ | (17.1 | ) | $ | (28.2 | ) | ||||||||
Add: | |||||||||||||||||||||
Fixed charges | 35.1 | 27.5 | 24.4 | 15.0 | 15.9 | ||||||||||||||||
Earnings adjusted for fixed charges | 65.8 | 23.2 | 48.1 | (2.1 | ) | (12.3 | ) | ||||||||||||||
Fixed Charges: | |||||||||||||||||||||
Interest expensed and capitalized | $ | 25.3 | $ | 19.5 | $ | 18.3 | $ | 8.6 | $ | 7.1 | |||||||||||
Amortization of discount and capitalized expenses related to indebtedness | 2.4 | 2.2 | 2.1 | 2.7 | 4.2 | ||||||||||||||||
Estimate of interest within rental expense (2) | 7.4 | 5.8 | 4.0 | 3.7 | 4.6 | ||||||||||||||||
Total Fixed Charges | $ | 35.1 | $ | 27.5 | $ | 24.4 | $ | 15.0 | $ | 15.9 | |||||||||||
Ratio of Earnings to Fixed Charges | 1.9 | — | (3) | 2.0 | — | (3) | — | (3) | |||||||||||||
(1) Our statement of computation of ratio of earnings to fixed charges should be read in conjunction with our consolidated financial statements and our notes to consolidated financial statements for matters that affect the comparability of the information presented above. | |||||||||||||||||||||
(2) One-third of rent expense was deemed to be representative of interest. | |||||||||||||||||||||
(3) Our earnings were insufficient to cover fixed charges by $4.3 million in 2015, $17.1 million in 2013, and $28.2 million in 2012. |