Exhibit 12.1
Computation of Ratio of Earnings to Fixed Charges
| Period from October 6, 2011 (date of incorporation) to | Years Ended December 31, | Nine Months Ended | ||||||||||||||
| December 31, 2011 | 2012 | 2013 | September 30, 2014 | |||||||||||||
Fixed Charges: | ||||||||||||||||
Interest expense | — | 446 | 4,922 | 4,789 | ||||||||||||
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Total Fixed Charges | — | 446 | 4,922 | 4,789 | ||||||||||||
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Earnings Available for Fixed Charges: | ||||||||||||||||
Income (loss) before income tax expense | (1,130 | ) | 100,617 | 233,078 | 74,431 | |||||||||||
Add: Fixed charges | — | 446 | 4,922 | 4,789 | ||||||||||||
Less: Net income from non-controlling interests | — | (1,216 | ) | (5,767 | ) | (5,440 | ) | |||||||||
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Total Earnings Available for Fixed Charges | (1,130 | ) | 99,847 | 232,233 | 73,780 | |||||||||||
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Ratio of Earnings to Fixed Charges | N/A | 223.9x | 47.2x | 15.4x | ||||||||||||
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