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Content analysis
?Positive | ||
Negative | ||
Uncertain | ||
Constraining | ||
Legalese | ||
Litigous | ||
Readability |
H.S. freshman Avg
|
Exhibit 12.1
Cobalt International Energy, Inc.
Computation of Ratios of Earnings to Fixed Charges
|
| Year Ended December 31, |
| |||||||||||||||||
|
| 2016 |
|
| 2015 |
|
| 2014 |
|
| 2013 |
|
| 2012 |
| |||||
Fixed charges: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest expense |
| $ | 83,045 |
|
| $ | 63,376 |
|
| $ | 74,768 |
|
| $ | 65,376 |
|
| $ | 3,212 |
|
Capitalized interest |
|
| 99,541 |
|
|
| 105,819 |
|
|
| 58,458 |
|
|
| 17,700 |
|
|
| — |
|
Total |
| $ | 182,586 |
|
| $ | 169,195 |
|
| $ | 133,226 |
|
| $ | 83,076 |
|
| $ | 3,212 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Earnings: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net loss |
| $ | (2,343,309 | ) |
| $ | (694,426 | ) |
| $ | (510,763 | ) |
| $ | (589,024 | ) |
| $ | (282,999 | ) |
Fixed charges |
|
| 182,586 |
|
|
| 169,195 |
|
|
| 133,226 |
|
|
| 83,076 |
|
|
| 3,212 |
|
Interest capitalized |
|
| (99,541 | ) |
|
| (105,819 | ) |
|
| (58,458 | ) |
|
| (17,700 | ) |
|
| — |
|
Total |
| $ | (2,260,264 | ) |
| $ | (631,050 | ) |
| $ | (435,995 | ) |
| $ | (523,648 | ) |
| $ | (279,787 | ) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ratio |
|
| — |
|
|
| — |
|
|
| — |
|
|
| — |
|
|
| — |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Insufficient coverage |
| $ | 2,442,850 |
|
| $ | 800,245 |
|
| $ | 569,221 |
|
| $ | 606,724 |
|
| $ | 282,999 |
|