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Allied Waste Industries, LLC – ‘10-K’ for 12/31/06 – EX-12.1

On:  Thursday, 2/22/07, at 5:41pm ET   ·   As of:  2/23/07   ·   For:  12/31/06   ·   Accession #:  950153-7-379   ·   File #:  1-14705

Previous ‘10-K’:  ‘10-K’ on 3/3/06 for 12/31/05   ·   Next & Latest:  ‘10-K’ on 2/21/08 for 12/31/07

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  As Of                Filer                Filing    For·On·As Docs:Size              Issuer               Agent

 2/23/07  Allied Waste Industries, LLC      10-K       12/31/06   13:3.1M                                   Bowne - BPX/FA

Annual Report   —   Form 10-K
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-K        Annual Report                                       HTML   1.94M 
 6: EX-10.113   Material Contract                                   HTML    608K 
 2: EX-10.47    Material Contract                                   HTML     11K 
 3: EX-10.62    Material Contract                                   HTML     11K 
 4: EX-10.74    Material Contract                                   HTML      7K 
 5: EX-10.76    Material Contract                                   HTML      7K 
 7: EX-12.1     Statement re: Computation of Ratios                 HTML     21K 
 8: EX-14       Code of Ethics                                      HTML     31K 
 9: EX-21       Subsidiaries of the Registrant                      HTML     88K 
10: EX-23.1     Consent of Experts or Counsel                       HTML      8K 
11: EX-31.1     Certification per Sarbanes-Oxley Act (Section 302)  HTML     14K 
12: EX-31.2     Certification per Sarbanes-Oxley Act (Section 302)  HTML     14K 
13: EX-32       Certification per Sarbanes-Oxley Act (Section 906)  HTML      9K 


EX-12.1   —   Statement re: Computation of Ratios


This exhibit is an HTML Document rendered as filed.  [ Alternative Formats ]



  exv12w1  

 

EXHIBIT 12.1
ALLIED WASTE INDUSTRIES, INC.
RATIO OF EARNINGS TO FIXED CHARGES AND PREFERRED STOCK DIVIDENDS
(in thousands)
                                         
    For the Year Ended December 31,  
    2006     2005     2004     2003     2002  
Fixed Charges:
                                       
Interest expenses
  $ 530,799     $ 528,409     $ 605,138     $ 728,218     $ 841,896  
Interest capitalized
    17,605       14,497       12,958       15,746       20,622  
 
                             
Total interest
    548,404       542,906       618,096       743,964       862,518  
Interest component of rent expense
    11,505       6,360       6,982       8,169       8,552  
Non-cash conversion of Series A preferred stock
                      893,092        
Dividend expense
    77,420       96,118       48,458       172,047       142,888  
 
                             
Total fixed charges
  $ 637,329     $ 645,384     $ 673,536     $ 1,817,272     $ 1,013,958  
 
                             
 
                                       
Earnings:
                                       
Income from continuing operations before income taxes
  $ 399,473     $ 327,485     $ 127,490     $ 201,862     $ 365,837  
Plus: fixed charges
    637,329       645,384       673,536       924,180       1,013,958  
Less: interest capitalized
    (17,605 )     (14,497 )     (12,958 )     (15,746 )     (20,622 )
Less: dividend expense
    (77,420 )     (96,118 )     (48,458 )     (172,047 )     (142,888 )
 
                             
Total earnings
  $ 941,777     $ 862,254     $ 739,610     $ 938,249     $ 1,216,285  
 
                             
 
                                       
Ratio of earnings to fixed charges and preferred stock dividends (A)
    1.5       1.3       1.1       *       1.2  
 
                             
 
                                       
Ratio of earnings to fixed charges
    1.7       1.6       1.2       1.2       1.4  
 
                             
*   Earnings were insufficient to cover fixed charges, preferred stock dividends and non-cash conversion of Series A preferred stock by $879.0 million and $292.9 million in 2003 and 2001, respectively.
(A) Dividend expense is grossed up for taxes based on the Company’s effective tax rate. During 2001, the Company’s effective tax rate was 83.6%, which deviates from the statutory tax rate primarily due to non-deductible portion of goodwill amortization. Effective January 1, 2002, in accordance with SFAS 142, goodwill is no longer amortized. If goodwill amortization had not been recorded, earnings would have been insufficient to cover fixed charges and preferred stock dividends by $66.2 million in 2001.


Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘10-K’ Filing    Date    Other Filings
Filed as of:2/23/07
Filed on:2/22/07
For Period End:12/31/068-K
1/1/02
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Filing Submission 0000950153-07-000379   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

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