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Rose Rock Midstream, L.P. Computation of Ratio of Earnings to Fixed Charges (dollars in thousands) | | Exhibit 12.1 |
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| | | | | | | | Predecessor | |
| | Nine Months Ended September 30, 2015 | | | Year Ended December 31, 2014 | | | Year Ended December 31, 2013 | | | Year Ended December 31, 2012 | | | One Month Ended December 31, 2011 | | | Eleven Months Ended November 30, 2011 | | | Year Ended December 31, 2010 | |
Pretax income from continuing operations before adjustment for minority interests in consolidated subsidiaries or income or loss from equity investees | | | (7,573 | ) | | | 5,547 | | | | 19,944 | | | | 23,954 | | | | 2,148 | | | | 21,087 | | | | 23,477 | |
Add: | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Fixed Charges | | | 31,691 | | | | 22,303 | | | | 9,533 | | | | 2,428 | | | | 266 | | | | 1,970 | | | | 720 | |
Amortizaton of capitalized interest | | | 42 | | | | 61 | | | | 25 | | | | 6 | | | | 1 | | | | 0 | | | | 0 | |
Cash distributions from equity investees | | | 75,226 | | | | 66,768 | | | | 16,999 | | | | 0 | | | | 0 | | | | 0 | | | | 0 | |
Subtract: | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Capitalized interest | | | 558 | | | | 519 | | | | 949 | | | | 193 | | | | 84 | | | | 0 | | | | 0 | |
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Pretax income as adjusted | | | 98,828 | | | | 94,160 | | | | 45,552 | | | | 26,195 | | | | 2,331 | | | | 23,057 | | | | 24,197 | |
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Fixed charges: | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Interest expense | | | 30,694 | | | | 21,279 | | | | 8,181 | | | | 1,912 | | | | 155 | | | | 1,668 | | | | 482 | |
Interest capitalized | | | 558 | | | | 519 | | | | 949 | | | | 193 | | | | 84 | | | | 0 | | | | 0 | |
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| | | 31,252 | | | | 21,798 | | | | 9,130 | | | | 2,105 | | | | 239 | | | | 1,668 | | | | 482 | |
Portion of rents representative of an appropriate interest factor | | | 439 | | | | 505 | | | | 403 | | | | 323 | | | | 27 | | | | 302 | | | | 238 | |
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Total fixed charges | | | 31,691 | | | | 22,303 | | | | 9,533 | | | | 2,428 | | | | 266 | | | | 1,970 | | | | 720 | |
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Ratio of earnings to fixed charges | | | 3.1 | | | | 4.2 | | | | 4.8 | | | | 10.8 | | | | 8.8 | | | | 11.7 | | | | 33.6 | |
On November 29, 2011, SemGroup Corporation contributed SemCrude, L.P. to Rose Rock Midstream, L.P.