Exhibit 12.1
EXTERRAN CORPORATION
COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES
(In thousands, except ratio amounts)
Years Ended December 31, | ||||||||||||||||||||
2013 | 2014 | 2015 | 2016 | 2017 | ||||||||||||||||
Income (loss) from continuing operations before income taxes | $ | 197,268 | $ | 178,761 | $ | 61,363 | $ | (47,524 | ) | $ | 16,839 | |||||||||
Less: Equity in income ofnon-consolidated affiliates | (19,000 | ) | (14,553 | ) | (15,152 | ) | (10,403 | ) | — | |||||||||||
Add: Fixed charges (from below) | 4,718 | 3,133 | 8,362 | 35,270 | 39,026 | |||||||||||||||
Add: Amortization of capitalized interest | — | — | 6 | 21 | 49 | |||||||||||||||
Add: Return of investments innon-consolidated affiliates | 19,000 | 14,750 | 15,185 | 10,403 | — | |||||||||||||||
Less: Capitalized interest | — | — | (26 | ) | (289 | ) | (3,446 | ) | ||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Earnings for computation of ratio | $ | 201,986 | $ | 182,091 | $ | 69,738 | $ | (12,522 | ) | $ | 52,468 | |||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Fixed charges: | ||||||||||||||||||||
Interest expense (1) | $ | 3,523 | $ | 1,878 | $ | 7,272 | $ | 34,181 | $ | 34,826 | ||||||||||
Capitalized interest | — | — | 26 | 289 | 3,446 | |||||||||||||||
Interest portion of rental expense | 1,195 | 1,255 | 1,064 | 800 | 754 | |||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Fixed charges | $ | 4,718 | $ | 3,133 | $ | 8,362 | $ | 35,270 | $ | 39,026 | ||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Ratio of earnings to fixed charges (earnings divided by fixed charges) (2) | 42.8 | 58.1 | 8.3 | — | 1.3 | |||||||||||||||
|
|
|
|
|
|
|
|
|
|
(1) | Includes amortization of deferred financing costs. |
(2) | The ratio of earnings to fixed charges was less thanone-to-one for the year ended December 31, 2016. Additional earnings of $47.8 million would have been needed to have aone-to-one ratio of earnings to fixed charges. |