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Exhibit 12.1
NEW SOURCE ENERGY PARTNERS L.P.
RATIO OF EARNINGS TO FIXED CHARGES
For the Years Ended December 31, | ||||||||||||||||
2011 | 2012 | 2013 | 2014 | |||||||||||||
($ in thousands) | ||||||||||||||||
EARNINGS: | ||||||||||||||||
Income (loss) before income taxes | $ | 9,425 | $ | 4,905 | $ | 14,496 | $ | (42,075 | ) | |||||||
Add: | ||||||||||||||||
Fixed charges | 3,735 | 3,202 | 4,078 | 5,041 | ||||||||||||
Capitalized interest | — | — | — | — | ||||||||||||
Earnings (loss) | $ | 13,160 | $ | 8,107 | $ | 18,574 | $ | (37,034 | ) | |||||||
FIXED CHARGES: | ||||||||||||||||
Interest expense | $ | 3,735 | $ | 3,202 | $ | 4,078 | $ | 5,041 | ||||||||
Fixed Charges | $ | 3,735 | $ | 3,202 | $ | 4,078 | $ | 5,041 | ||||||||
RATIO OF EARNINGS TO FIXED CHARGES | 3.52 | 2.53 | 4.55 | (A) |
(A) Earnings for the year ended December 31, 2014 were insufficient to cover fixed charges by approximately $42.1 million, primarily due to noncash impairment charges of $59.0 million on goodwill and certain intangible assets.