Attached files
| file | filename |
|---|---|
| 10-K - FORM 10-K - Alon USA Energy, Inc. | d71006e10vk.htm |
| EX-31.1 - EX-31.1 - Alon USA Energy, Inc. | d71006exv31w1.htm |
| EX-31.2 - EX-31.2 - Alon USA Energy, Inc. | d71006exv31w2.htm |
| EX-32.1 - EX-32.1 - Alon USA Energy, Inc. | d71006exv32w1.htm |
| EX-23.1 - EX-23.1 - Alon USA Energy, Inc. | d71006exv23w1.htm |
| EX-10.97 - EX-10.97 - Alon USA Energy, Inc. | d71006exv10w97.htm |
| EX-10.96 - EX-10.96 - Alon USA Energy, Inc. | d71006exv10w96.htm |
| EX-21.1 - EX-21.1 - Alon USA Energy, Inc. | d71006exv21w1.htm |
Exhibit 12.1
ALON USA ENERGY, INC. AND SUBSIDIARIES
Statement Regarding Computation of Ratio of Earnings to Fixed Charges
(dollars in thousands)
Statement Regarding Computation of Ratio of Earnings to Fixed Charges
(dollars in thousands)
| Fiscal Year Ended December 31, | ||||||||||||||||||||
| 2009 | 2008 | 2007 | 2006 | 2005 | ||||||||||||||||
Ratio of Earnings to Fixed Charges: |
||||||||||||||||||||
Earnings: |
||||||||||||||||||||
Income before income tax expense
(benefit), minority interest in
income (loss) of subsidiaries,
accumulated dividends on preferred
stock of subsidiary and income
(loss) from equity earnings (losses)
of investees |
$ | (191,642 | ) | $ | 157,427 | $ | 144,937 | $ | 256,416 | $ | 174,212 | |||||||||
Add: |
||||||||||||||||||||
Fixed charges |
121,232 | 83,663 | 52,889 | 35,832 | 23,998 | |||||||||||||||
Amortization of capitalized interest |
425 | 344 | 394 | 441 | 311 | |||||||||||||||
Distributions from equity investees |
19,167 | 2,774 | 9,301 | 2,422 | 1,617 | |||||||||||||||
Less: |
||||||||||||||||||||
Interest capitalized |
(1,692 | ) | (3,417 | ) | — | — | (927 | ) | ||||||||||||
Total earnings |
$ | (52,510 | ) | $ | 240,791 | $ | 52,038 | $ | 295,111 | $ | 199,211 | |||||||||
Fixed charges: |
||||||||||||||||||||
Interest expense, net |
$ | 111,137 | $ | 67,550 | $ | 47,747 | $ | 30,658 | $ | 19,326 | ||||||||||
Interest capitalized |
1,692 | 3,417 | — | — | 927 | |||||||||||||||
Rental expense interest factor (A) |
8,403 | 12,696 | 5,142 | 5,174 | 3,745 | |||||||||||||||
Total fixed charges |
$ | 121,232 | $ | 83,663 | $ | 52,889 | $ | 35,832 | $ | 23,998 | ||||||||||
Ratio of earnings to fixed charges |
(B | ) | 2.9x | 3.9x | 8.2x | 8.3x | ||||||||||||||
| (A) | The interest portion of rental expense represents one-third of rents, which is deemed representative of the interest portion of rental expense. | |
| (B) | For the year ended December 31, 2009, our ratio of earnings to fixed charges was less than one-to-one, and our coverage deficiency was approximately $173.7 million. |