Form: POS AM

Post-effective amendment to a registration statement that is not immediately effective upon filing

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

 

 

 

 

 

 

 

 

 

 

 

 

 

Nine

 

 

 

 

 

 

 

 

 

 

 

 

 

Months

 

 

 

 

 

 

 

 

 

 

 

 

 

Ended

 

 

 

Year Ended December 31,

 

September 30,

 

 

 

2005

 

2006

 

2007

 

2008

 

2009

 

2010

 

Earnings:

 

 

 

 

 

 

 

 

 

 

 

 

 

Pretax Income (loss)

 

$

28,880,640

 

$

(89,771,949

)

$

(7,672,482

)

$

(44,278,362

)

$

(33,384,298

)

$

(17,165,485

)

Plus:

Equity (earnings) losses from equity investees

 

—

 

—

 

—

 

188,186

 

(243,962

)

(200,919

)

Plus:

Fixed charges

 

750,798

 

2,043,475

 

786,725

 

1,452,272

 

3,354,205

 

2,277,326

 

Plus:

Amortization of capitalized interest

 

—

 

—

 

—

 

24,650

 

76,250

 

88,463

 

Less:

Interest capitalized

 

—

 

—

 

—

 

(493,000

)

(539,000

)

(295,024

)

Total Earnings

 

$

29,631,438

 

$

(87,728,474

)

$

(6,885,757

)

$

(43,106,254

)

$

(30,736,805

)

$

(15,295,638

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fixed Charges:

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest expensed and capitalized

 

$

251,900

 

$

1,465,503

 

$

73,378

 

$

523,036

 

$

1,566,671

 

$

804,387

 

Amortization of debt issuance costs

 

—

 

—

 

—

 

22,500

 

60,000

 

45,000

 

Interest within rental expense

 

498,898

 

577,972

 

713,347

 

906,736

 

1,727,534

 

1,427,939

 

Total Fixed Charges

 

$

750,798

 

$

2,043,475

 

$

786,725

 

$

1,452,272

 

$

3,354,205

 

$

2,277,326

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

$

17,572,965