Form: S-3ASR

Automatic shelf registration statement of securities of well-known seasoned issuers

July 30, 2010


Exhibit 12.1

 

CLEAN ENERGY FUELS CORP.

STATEMENT OF COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES AND DEFICIENCY OF EARNINGS TO FIXED CHARGES

 

 

 

 

 

 

 

 

 

 

 

 

 

Three

 

 

 

 

 

 

 

 

 

 

 

 

 

Months

 

 

 

Year Ended December 31,

 

Ended

 

 

 

2005

 

2006

 

2007

 

2008

 

2009

 

March 31, 2010

 

Earnings:

 

 

 

 

 

 

 

 

 

 

 

 

 

Pretax Income (loss)

 

$

28,880,640

 

$

(89,771,949

)

$

(7,672,482

)

$

(44,278,362

)

$

(33,384,298

)

$

(25,586,147

)

Plus:

Equity (earnings) losses from equity investees

 

—

 

—

 

—

 

188,186

 

(243,962

)

(76,997

)

Plus:

Fixed charges

 

750,798

 

2,043,475

 

786,725

 

1,452,272

 

3,354,205

 

633,737

 

Plus:

Amortization of capitalized interest

 

—

 

—

 

—

 

24,650

 

76,250

 

27,025

 

Less:

Interest capitalized

 

—

 

—

 

—

 

(493,000

)

(539,000

)

(98,000

)

Total Earnings

 

$

29,631,438

 

$

(87,728,474

)

$

(6,885,757

)

$

(43,106,254

)

$

(30,736,805

)

$

(25,100,382

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fixed Charges:

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest expensed and capitalized

 

$

251,900

 

$

1,465,503

 

$

73,378

 

$

523,036

 

$

1,566,671

 

$

190,198

 

Amortization of debt issuance costs

 

—

 

—

 

—

 

22,500

 

60,000

 

15,000

 

Interest within rental expense

 

498,898

 

577,972

 

713,347

 

906,736

 

1,727,534

 

428,539

 

Total Fixed Charges

 

$

750,798

 

$

2,043,475

 

$

786,725

 

$

1,452,272

 

$

3,354,205

 

$

633,737

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ratio of earning to fixed charges

 

39.5

 

—

 

—

 

—

 

—

 

—

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Deficiency of earnings to fixed charges

 

$

—

 

$

89,771,949

 

$

7,672,482

 

$

44,558,526

 

$

34,091,010

 

$

25,734,119