Cobalt International Energy, Inc. - FORM 10-K - EX-12.1 - February 23, 2015

Attached files

file filename
10-K - 10-K - Cobalt International Energy, Inc.a2223005z10-k.htm
EX-10.39 - EX-10.39 - Cobalt International Energy, Inc.a2223005zex-10_39.htm
EX-23.1 - EX-23.1 - Cobalt International Energy, Inc.a2223005zex-23_1.htm
EX-23.2 - EX-23.2 - Cobalt International Energy, Inc.a2223005zex-23_2.htm
EX-10.34 - EX-10.34 - Cobalt International Energy, Inc.a2223005zex-10_34.htm
EX-31.2 - EX-31.2 - Cobalt International Energy, Inc.a2223005zex-31_2.htm
EX-10.37 - EX-10.37 - Cobalt International Energy, Inc.a2223005zex-10_37.htm
EX-32.2 - EX-32.2 - Cobalt International Energy, Inc.a2223005zex-32_2.htm
EX-10.40 - EX-10.40 - Cobalt International Energy, Inc.a2223005zex-10_40.htm
EX-10.36 - EX-10.36 - Cobalt International Energy, Inc.a2223005zex-10_36.htm
EX-10.38 - EX-10.38 - Cobalt International Energy, Inc.a2223005zex-10_38.htm
EX-99.1 - EX-99.1 - Cobalt International Energy, Inc.a2223005zex-99_1.htm
EX-10.35 - EX-10.35 - Cobalt International Energy, Inc.a2223005zex-10_35.htm
EX-31.1 - EX-31.1 - Cobalt International Energy, Inc.a2223005zex-31_1.htm
EX-32.1 - EX-32.1 - Cobalt International Energy, Inc.a2223005zex-32_1.htm
EX-21.1 - EX-21.1 - Cobalt International Energy, Inc.a2223005zex-21_1.htm
EXCEL - IDEA: XBRL DOCUMENT - Cobalt International Energy, Inc.Financial_Report.xls
EX-10.33 - EX-10.33 - Cobalt International Energy, Inc.a2223005zex-10_33.htm

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Exhibit 12.1

Cobalt International Energy, Inc.

Computation of Ratios of Earnings to Fixed Charges

 
   Year Ended December 31,  
 
   2014   2013   2012   2011   2010  
 
   ($ in thousands)
  

Fixed Charges:

                                

Interest expense

   $ 74,768   $ 65,376   $ 3,140              

Capitalized interest

     58,458     17,699     —              
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total

   $ 133,226   $ 83,075   $ 3,140              
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Earnings:

                                

Pretax (loss) income from continuing operations

     (510,763 ) $ (589,024 ) $ (282,999 ) $ (133,637 ) $ (136,476 )

Fixed charges

     133,226     83,075     3,140     —     —  

Less: Interest capitalized in current period

     (58,458 )   (17,699 )   —     —     —  
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total

     (435,995 ) $ (523,648 ) $ (279,859 ) $ (133,637 ) $ (136,476 )
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Ratio of Earnings to Fixed Charges

     —     —     —     —     —  

Insufficient coverage

   $ 569,221   $ 606,723   $ 282,999     N/A     N/A  



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