Attached files
| file | filename |
|---|---|
| 10-K - FORM 10-K - Superior Well Services, INC | l39065e10vk.htm |
| EX-32.2 - EX-32.2 - Superior Well Services, INC | l39065exv32w2.htm |
| EX-31.2 - EX-31.2 - Superior Well Services, INC | l39065exv31w2.htm |
| EX-31.1 - EX-31.1 - Superior Well Services, INC | l39065exv31w1.htm |
| EX-21.1 - EX-21.1 - Superior Well Services, INC | l39065exv21w1.htm |
| EX-23.1 - EX-23.1 - Superior Well Services, INC | l39065exv23w1.htm |
| EX-32.1 - EX-32.1 - Superior Well Services, INC | l39065exv32w1.htm |
Exhibit 12.1
Superior
Well Services, Inc. and Subsidiaries
COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES AND EARNINGS TO FIXED
CHARGES AND PREFERENCE SECURITIES DIVIDENDS (in thousands except ratios)
COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES AND EARNINGS TO FIXED
CHARGES AND PREFERENCE SECURITIES DIVIDENDS (in thousands except ratios)
| 2005 | 2006 | 2007 | 2008 | 2009 | ||||||||||||||||
|
EARNINGS:
|
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Income (loss) before provision for incomes taxes
|
$ | 23,293 | $ | 52,714 | $ | 62,325 | $ | 66,174 | $ | (126,906 | ) | |||||||||
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Less: Pre-tax preference dividends
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— | — | — | (108 | ) | (3,000 | ) | |||||||||||||
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Add: Fixed charges
|
566 | 282 | 282 | 3,017 | 16,762 | |||||||||||||||
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Total earnings
|
$ | 23,859 | $ | 52,996 | $ | 62,607 | $ | 69,083 | $ | (113,144 | ) | |||||||||
|
FIXED CHARGES:
|
||||||||||||||||||||
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Interest expense(1)
|
$ | 566 | $ | 282 | $ | 282 | $ | 2,834 | $ | 13,762 | ||||||||||
|
Dividend requirements(2)
|
— | — | — | 183 | 3,000 | |||||||||||||||
|
Total fixed charges
|
$ | 566 | $ | 282 | $ | 282 | $ | 3,017 | $ | 16,762 | ||||||||||
|
Ratio of earnings to fixed charges*
|
42.2 | 187.9 | 222.0 | 22.9 | (14.8 | ) | ||||||||||||||
| (1) | Amortization of debt issuance costs is included in interest expense. | |
| (2) | Preference security dividend requirements for purposes of computing fixed charges is defined as the amount of preference earnings that is required to pay dividends on outstanding preference securities. The dividend requirements are computed as the amount of the dividend divided by (1 minus the effective income tax rate applicable to continuing operations). | |
| * | Our consolidated ratios of earnings to fixed charges plus preferred stock dividends for the years ended December 31, 2005, 2006 and 2007 is identical to our consolidated ratios of earnings to fixed charges as we did not have any outstanding preference securities dividends during the periods indicated. |