QuickLinks -- Click here to rapidly navigate through this documentExhibit 12
Ratio of Earnings to Fixed Charges
The following table sets forth MXenergy's historical ratios of earnings to fixed charges for the periods indicated. The historical ratios are prepared on a consolidated basis in accordance with GAAP and, therefore, reflect all consolidated earnings and fixed charges.
The ratio of earnings to fixed charges for each of the periods is determined by dividing earnings by fixed charges. Earnings consist of income (loss) from operations before income taxes, amortization of previously capitalized interest and fixed charges, exclusive of capitalized interest cost. Fixed charges consist of interest incurred, unrealized losses on interest rate swaps and amortization of deferred loan costs and hedge facility fees.
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| | Year Ended June 30,
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| | Three Months Ended
September 30,
2006
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| | 2006
| | 2005
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| | 2002
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| Earnings before fixed charges: | | | | | | | | | | | | | | | | | | | |
| | Income (loss) before income taxes | | $ | (63,179 | ) | $ | (66,783 | ) | $ | 41,230 | | $ | 50,293 | | $ | 22,460 | | $ | 5,504 | |
| | Interest and other debt expense | | | 8,635 | | | 4,261 | | | 3,472 | | | 3,219 | | | 2,270 | | | 1,416 | |
| | Estimated interest portion of rental expense | | | 177 | | | 176 | | | 130 | | | 56 | | | 41 | | | 22 | |
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| | Earnings (loss) before fixed charges | | $ | (54,367 | ) | $ | (62,346 | ) | $ | 44,832 | | $ | 53,568 | | $ | 24,771 | | $ | 6,942 | |
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| Fixed charges: | | | | | | | | | | | | | | | | | | | |
| | Interest and other debt expense | | $ | 8,635 | | $ | 4,261 | | $ | 3,472 | | $ | 3,219 | | $ | 2,270 | | $ | 1,416 | |
| | Estimated interest portion of rental expense | | | 177 | | | 176 | | | 130 | | | 56 | | | 41 | | | 22 | |
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| | Total fixed charges | | $ | 8,812 | | $ | 4,437 | | $ | 3,602 | | $ | 3,275 | | $ | 2,311 | | $ | 1,438 | |
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| Ratio of earnings to fixed charges(1)(2) | | | — | | | — | | | 12.45 | x | | 16.36 | x | | 10.72 | x | | 4.83 | x |
- (1)
- The ratio of earnings to fixed charges was less than one-to-one for the three months ended September 30, 2006 and the year ended June 30, 2006. Earnings for such periods were insufficient to cover fixed charges by $63.2 million and $66.8 million, respectively.
- (2)
- On a pro forma basis after giving effect to the Transactions, the ratio of earnings to fixed charges would have been less than one-to-one for the three months ended September 30, 2006 and the year ended June 30, 2006. Earnings for such periods would have been insufficient to cover fixed charges by $58.4 million and $92.2 million, respectively.
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Ratio of Earnings to Fixed Charges
