Aquilex Holdings LLC - FORM 10-K - EX-12.1 - COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES - March 31, 2011

Attached files

file filename
10-K - FORM 10-K - Aquilex Holdings LLCd10k.htm
EX-31.1 - CERTIFICATION OF PRESIDENT AND CHIEF EXECUTIVE OFFICER PURSUANT TO SECTION 302 - Aquilex Holdings LLCdex311.htm
EX-31.2 - CERTIFICATION OF CHIEF FINANCIAL OFFICER PURSUANT TO SECTION - Aquilex Holdings LLCdex312.htm
EX-32.1 - SECTION 906 CERTIFICATION OF CEO & CFO - Aquilex Holdings LLCdex321.htm
EX-10.21 - EMPLOYEE AGREEMENT - Aquilex Holdings LLCdex1021.htm

EXHIBIT 12.1

 

 

          2007 Periods     2008 Periods              
    First
Predecessor		     First
Predecessor		     Second
Predecessor		     Combined     Second
Predecessor		     Successor     Combined     Successor     Successor  
    Year
Ended
December  31,
2006		     January 1,
2007
through
January 30,
2007		     January  31,
2007
through
December 31,
2007		     Year
Ended
December  31,
2007		     January 1,
2008
through
December 14,
2008		     December 15,
2008
through
December 31,
2008		     Year
Ended
December 31,
2008		     Year
Ended
December 31,
2009		     Year
Ended
December 31,
2010		  
                      (Unaudited)                 (Unaudited)              

Income before income tax expense (benefit)

   $ 15,604      $ (15,442)      $ (2,871)      $ (18,313)      $ (54,010)      $ (3,900)      $ (57,910)      $ (67,011)      $ (195,221)   

Less: Equity income

     -            -            -            -            -            -            -            -            -       

Plus: Fixed charges

     2,133        437        29,859        30,296        40,900        2,548        43,448        58,906        44,501   
                                                                       

Earnings available for fixed charges

     17,737        (15,005)        26,988        11,983        (13,110)        (1,352)        (14,462)        (8,105)        (150,720)   

Fixed charges

                  

Interest

     1,662        283        34,120        34,403        46,081        2,436        48,517        61,838        67,436   

Less: Cancellation of debt

     -            -            (5,107)        (5,107)        (7,362)        -            (7,362)        (4,219)        (24,424)   

Interest component of rental expense

     471        154        846        1,000        2,181        112        2,293        1,287        1,489   
                                                                       

Total fixed charges

     2,133        437        29,859        30,296        40,900        2,548        43,448        58,906        44,501   

Ratio of earnings to fixed charges

     8.32   x      -            -            -            -            -            -            -            -       

 

(1) Earnings consist of income from continuing operations before income taxes and fixed charges. Fixed charges consist of interest, amortization of debt discounts, premiums and issuance costs. For the period January 1, 2007 to January 30, 2007 (predecessor 1), January 31, 2007 to December 31, 2007 (predecessor 2), January 1, 2008 to December 14, 2008 (predecessor 2), December 15, 2008 to December 31, 2008 (successor), for the year ended December 31, 2009, and for the year ended December 31, 2010, fixed charges exceeded earnings by $15,422, $2,871, $54,010, $3,900, $67,011, and $195,221, respectively.