Exhibit 12.1
CLEAN ENERGY FUELS CORP.
STATEMENT OF COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES AND DEFICIENCY OF EARNINGS TO FIXED CHARGES
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| Three |
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| Months |
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| Year Ended December 31, |
| Ended |
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| 2005 |
| 2006 |
| 2007 |
| 2008 |
| 2009 |
| March 31, 2010 |
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Earnings: |
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Pretax Income (loss) |
| $ | 28,880,640 |
| $ | (89,771,949 | ) | $ | (7,672,482 | ) | $ | (44,278,362 | ) | $ | (33,384,298 | ) | $ | (25,586,147 | ) | |
Plus: | Equity (earnings) losses from equity investees |
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| 188,186 |
| (243,962 | ) | (76,997 | ) | ||||||
Plus: | Fixed charges |
| 750,798 |
| 2,043,475 |
| 786,725 |
| 1,452,272 |
| 3,354,205 |
| 633,737 |
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Plus: | Amortization of capitalized interest |
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| 24,650 |
| 76,250 |
| 27,025 |
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Less: | Interest capitalized |
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| (493,000 | ) | (539,000 | ) | (98,000 | ) | ||||||
Total Earnings |
| $ | 29,631,438 |
| $ | (87,728,474 | ) | $ | (6,885,757 | ) | $ | (43,106,254 | ) | $ | (30,736,805 | ) | $ | (25,100,382 | ) | |
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Fixed Charges: |
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Interest expensed and capitalized |
| $ | 251,900 |
| $ | 1,465,503 |
| $ | 73,378 |
| $ | 523,036 |
| $ | 1,566,671 |
| $ | 190,198 |
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Amortization of debt issuance costs |
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| 22,500 |
| 60,000 |
| 15,000 |
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Interest within rental expense |
| 498,898 |
| 577,972 |
| 713,347 |
| 906,736 |
| 1,727,534 |
| 428,539 |
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Total Fixed Charges |
| $ | 750,798 |
| $ | 2,043,475 |
| $ | 786,725 |
| $ | 1,452,272 |
| $ | 3,354,205 |
| $ | 633,737 |
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Ratio of earning to fixed charges |
| 39.5 |
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Deficiency of earnings to fixed charges |
| $ | — |
| $ | 89,771,949 |
| $ | 7,672,482 |
| $ | 44,558,526 |
| $ | 34,091,010 |
| $ | 25,734,119 |
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