EX-12.1
Published on August 31, 2012
Exhibit 12.1
CLEAN ENERGY FUELS CORP.
STATEMENT OF COMPUTATION OF DEFICIENCY OF EARNINGS TO FIXED CHARGES
(In thousands)
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Six Months |
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Year Ended December 31, |
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Ended |
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2007 |
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2008 |
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2009 |
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2010 |
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2011 |
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June 30, 2012 |
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Earnings |
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Pretax Income (loss) |
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$ |
(7,672 |
) |
$ |
(44,278 |
) |
$ |
(33,384 |
) |
$ |
(4,209 |
) |
$ |
(48,158 |
) |
$ |
(42,560 |
) | |
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Plus: |
Equity (earnings) losses from equity investees |
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188 |
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(244 |
) |
(427 |
) |
(637 |
) |
(163 |
) | ||||||
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Plus: |
Fixed charges |
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786 |
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1,452 |
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3,354 |
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4,374 |
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15,560 |
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15,248 |
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Plus: |
Amortization of capitalized interest |
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25 |
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76 |
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76 |
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111 |
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147 |
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Less: |
Interest capitalized |
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(493 |
) |
(539 |
) |
(434 |
) |
(1,352 |
) |
(3,184 |
) | ||||||
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Total Earnings |
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$ |
(6,886 |
) |
$ |
(43,106 |
) |
$ |
(30,737 |
) |
$ |
(620 |
) |
$ |
(34,476 |
) |
$ |
(30,512 |
) | |
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Fixed Charges |
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Interest expensed and capitalized |
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$ |
73 |
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$ |
523 |
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$ |
1,567 |
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$ |
2,251 |
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$ |
13,049 |
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$ |
13,693 |
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Amortization of debt issuance costs |
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23 |
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60 |
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60 |
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339 |
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230 |
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Interest within rental expense |
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713 |
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906 |
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1,727 |
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2,063 |
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2,172 |
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1,325 |
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Total Fixed Charges |
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$ |
786 |
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$ |
1,452 |
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$ |
3,354 |
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$ |
4,374 |
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$ |
15,560 |
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$ |
15,248 |
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Deficiency of earnings to fixed charges |
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$ |
(7,672 |
) |
$ |
(44,558 |
) |
$ |
(34,091 |
) |
$ |
(4,994 |
) |
$ |
(50,036 |
) |
$ |
(45,760 |
) | |