Attached files
| file | filename |
|---|---|
| 8-K - 8-K - GENESIS ENERGY LP | d69007d8k.htm |
| EX-5.1 - EX-5.1 - GENESIS ENERGY LP | d69007dex51.htm |
| EX-5.3 - EX-5.3 - GENESIS ENERGY LP | d69007dex53.htm |
| EX-5.2 - EX-5.2 - GENESIS ENERGY LP | d69007dex52.htm |
| EX-8.1 - EX-8.1 - GENESIS ENERGY LP | d69007dex81.htm |
Exhibit 12.1
RATIO OF EARNINGS TO FIXED CHARGES
| Year Ended December 31, | Three Months Ended |
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| 2010 | 2011 | 2012 | 2013 | 2014 | March 31, 2015 | |||||||||||||||||||
| (in thousands, except ratio) | ||||||||||||||||||||||||
| Pre-tax income from continuing operations before adjustment for noncontrolling interests in consolidated subsidiaries or income or loss from equity investees |
$ | (50,074 | ) | $ | 46,807 | $ | 73,787 | $ | 62,174 | $ | 65,912 | $ | 5,604 | |||||||||||
| Capitalized interest |
(84 | ) | (106 | ) | (3,891 | ) | (13,324 | ) | (13,785 | ) | (3,023 | ) | ||||||||||||
| Depreciation of capitalized interest |
36 | 43 | 302 | 1,190 | 2,109 | 578 | ||||||||||||||||||
| Distributions from 50% or less owned companies carried at equity |
6,482 | 20,028 | 38,809 | 46,564 | 75,528 | 258,902 | ||||||||||||||||||
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| Adjusted pre-tax income from continuing operations before adjustment for noncontrolling interests in consolidated subsidiaries or income or loss from equity investees |
$ | (43,640 | ) | $ | 66,772 | $ | 109,007 | $ | 96,604 | $ | 129,764 | $ | 29,061 | |||||||||||
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| Fixed charges |
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| Interest on long-term debt |
$ | 22,992 | $ | 35,771 | $ | 40,923 | $ | 48,583 | $ | 66,639 | $ | 19,250 | ||||||||||||
| Capitalized interest |
84 | 106 | 3,891 | 13,324 | 13,785 | 3,023 | ||||||||||||||||||
| Rental expenses representative of an interest factor |
3,904 | 4,570 | 5,383 | 6,919 | 9,485 | 2,175 | ||||||||||||||||||
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| Total fixed charges |
$ | 26,980 | $ | 40,447 | $ | 50,197 | $ | 68,826 | $ | 89,909 | $ | 24,448 | ||||||||||||
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| Adjusted pre-tax income from continuing operations before adjustment for noncontrolling interests in consolidated subsidiaries or income or loss from equity investees plus total fixed charges |
$ | (16,660 | ) | $ | 107,219 | $ | 159,204 | $ | 165,430 | $ | 219,673 | $ | 53,509 | |||||||||||
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| RATIO OF EARNINGS TO FIXED CHARGES |
— | 2.7 | 3.2 | 2.4 | 2.4 | 2.2 | ||||||||||||||||||