Attached files
| file | filename |
|---|---|
| EX-31.2 - EX-31.2 - Alon Refining Krotz Springs, Inc. | d80592exv31w2.htm |
| EX-23.2 - EX-23.2 - Alon Refining Krotz Springs, Inc. | d80592exv23w2.htm |
| EX-32.1 - EX-32.1 - Alon Refining Krotz Springs, Inc. | d80592exv32w1.htm |
| EX-23.1 - EX-23.1 - Alon Refining Krotz Springs, Inc. | d80592exv23w1.htm |
| EX-31.1 - EX-31.1 - Alon Refining Krotz Springs, Inc. | d80592exv31w1.htm |
| 10-K - FORM 10-K - Alon Refining Krotz Springs, Inc. | d80592e10vk.htm |
Exhibit 12.1
Alon Refining Krotz Springs, Inc.
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)
| Successor | Combined (A) | Predecessor | ||||||||||||||||||
| Fiscal Year Ended December 31, | ||||||||||||||||||||
| 2010 | 2009 | 2008 | 2007 | 2006 | ||||||||||||||||
| (Unaudited) | ||||||||||||||||||||
Ratio of Earnings to Fixed Charges: |
||||||||||||||||||||
Earnings: |
||||||||||||||||||||
Income (loss) from continuing
operations before income tax
expense (benefit) |
$ | (114,376 | ) | $ | (45,378 | ) | $ | (66,540 | ) | $ | 50,870 | $ | 119,230 | |||||||
Add: |
||||||||||||||||||||
Fixed charges |
49,344 | 70,241 | 25,517 | 1,168 | 1,156 | |||||||||||||||
Less: |
||||||||||||||||||||
Interest capitalized |
(499 | ) | — | — | — | — | ||||||||||||||
Total earnings |
$ | (65,531 | ) | $ | 24,863 | $ | (41,023 | ) | $ | 52,038 | $ | 120,386 | ||||||||
Fixed charges: |
||||||||||||||||||||
Interest expense, net |
$ | 47,695 | $ | 69,090 | $ | 24,382 | $ | — | $ | — | ||||||||||
Interest capitalized |
499 | — | — | — | — | |||||||||||||||
Rental expense interest factor (B) |
1,150 | 1,151 | 1,135 | 1,168 | 1,156 | |||||||||||||||
Total fixed charges |
$ | 49,344 | $ | 70,241 | $ | 25,517 | $ | 1,168 | $ | 1,156 | ||||||||||
Ratio of earnings to fixed charges |
(C | ) | (C | ) | (C | ) | 44.6x | 104.1x | ||||||||||||
| (A) | The ratio of earnings to fixed charges for 2008 has been derived by combining our predecessor’s audited financial statements for the six months ended June 30, 2008 with the successors audited financial statements for the six months ended December 31, 2008. | |
| (B) | The interest portion of rental expense represents one-third of rents, which is deemed representative of the interest portion of rental expense. | |
| (C) | For the years ended December 31, 2010, 2009 and 2008, our ratio of earnings to fixed charges was less than one-to-one, and our coverage deficiency was approximately $114.9 million, $45.4 million and $66.5 million, respectively. |