EX-12.1
Published on March 6, 2013
Exhibit 12.1
CLEAN ENERGY FUELS CORP.
STATEMENT OF COMPUTATION OF DEFICIENCY OF EARNINGS TO FIXED CHARGES
(In thousands)
|
|
|
Year Ended December 31, |
| ||||||||||||||
|
|
|
2008 |
|
2009 |
|
2010 |
|
2011 |
|
2012 |
| ||||||
|
Earnings |
|
|
|
|
|
|
|
|
|
|
| ||||||
|
Pretax Income (loss) |
|
$ |
(44,278 |
) |
$ |
(33,384 |
) |
$ |
(4,209 |
) |
$ |
(48,158 |
) |
$ |
(99,568 |
) | |
|
Plus: |
Equity (earnings) losses from equity investees |
|
188 |
|
(244 |
) |
(427 |
) |
(637 |
) |
(331 |
) | |||||
|
Plus: |
Fixed charges |
|
1,452 |
|
3,354 |
|
4,374 |
|
15,560 |
|
27,096 |
| |||||
|
Plus: |
Amortization of capitalized interest |
|
25 |
|
76 |
|
76 |
|
111 |
|
450 |
| |||||
|
Less: |
Interest capitalized |
|
(493 |
) |
(539 |
) |
(434 |
) |
(1,352 |
) |
(6,304 |
) | |||||
|
Total Earnings |
|
$ |
(43,106 |
) |
$ |
(30,737 |
) |
$ |
(620 |
) |
$ |
(34,476 |
) |
$ |
(78,657 |
) | |
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||
|
Fixed Charges |
|
|
|
|
|
|
|
|
|
|
| ||||||
|
Interest expensed and capitalized |
|
$ |
523 |
|
$ |
1,567 |
|
$ |
2,251 |
|
$ |
13,049 |
|
$ |
23,468 |
| |
|
Amortization of debt issuance costs |
|
23 |
|
60 |
|
60 |
|
339 |
|
551 |
| ||||||
|
Interest within rental expense |
|
906 |
|
1,727 |
|
2,063 |
|
2,172 |
|
3,077 |
| ||||||
|
Total Fixed Charges |
|
$ |
1,452 |
|
$ |
3,354 |
|
$ |
4,374 |
|
$ |
15,560 |
|
$ |
27,096 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||
|
Deficiency of earnings to fixed charges |
|
$ |
(44,558 |
) |
$ |
(34,091 |
) |
$ |
(4,994 |
) |
$ |
(50,036 |
) |
$ |
(105,753 |
) | |