EX-12.1
Published on March 7, 2011
Exhibit 12.1
CLEAN ENERGY FUELS CORP.
STATEMENT OF COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES AND DEFICIENCY OF EARNINGS TO FIXED CHARGES
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Nine |
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Months |
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Ended |
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Year Ended December 31, |
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September 30, |
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2005 |
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2006 |
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2007 |
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2008 |
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2009 |
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2010 |
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Earnings: |
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Pretax Income (loss) |
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$ |
28,880,640 |
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$ |
(89,771,949 |
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$ |
(7,672,482 |
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$ |
(44,278,362 |
) |
$ |
(33,384,298 |
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$ |
(17,165,485 |
) | |
Plus: |
Equity (earnings) losses from equity investees |
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188,186 |
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(243,962 |
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(200,919 |
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Plus: |
Fixed charges |
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750,798 |
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2,043,475 |
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786,725 |
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1,452,272 |
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3,354,205 |
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2,277,326 |
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Plus: |
Amortization of capitalized interest |
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24,650 |
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76,250 |
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88,463 |
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Less: |
Interest capitalized |
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(493,000 |
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(539,000 |
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(295,024 |
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Total Earnings |
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$ |
29,631,438 |
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$ |
(87,728,474 |
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$ |
(6,885,757 |
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$ |
(43,106,254 |
) |
$ |
(30,736,805 |
) |
$ |
(15,295,638 |
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Fixed Charges: |
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Interest expensed and capitalized |
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$ |
251,900 |
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$ |
1,465,503 |
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$ |
73,378 |
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$ |
523,036 |
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$ |
1,566,671 |
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$ |
804,387 |
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Amortization of debt issuance costs |
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22,500 |
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60,000 |
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45,000 |
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Interest within rental expense |
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498,898 |
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577,972 |
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713,347 |
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906,736 |
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1,727,534 |
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1,427,939 |
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Total Fixed Charges |
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$ |
750,798 |
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$ |
2,043,475 |
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$ |
786,725 |
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$ |
1,452,272 |
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$ |
3,354,205 |
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$ |
2,277,326 |
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Ratio of earning to fixed charges |
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39.5 |
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Deficiency of earnings to fixed charges |
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$ |
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$ |
89,771,949 |
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$ |
7,672,482 |
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$ |
44,558,526 |
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$ |
34,091,010 |
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$ |
17,572,965 |
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