Exhibit 12.1
|
| Twelve Months |
| Twelve Months |
| Twelve Months |
| Twelve Months |
| Twelve Months |
| |||||
|
| Ended December 31, |
| Ended December 31, |
| Ended December 31, |
| Ended December 31, |
| Ended December 31, |
| |||||
|
| 2015 |
| 2014 |
| 2013 |
| 2012 |
| 2011 |
| |||||
Earnings |
|
|
|
|
|
|
|
|
|
|
| |||||
Income (loss) from continuing operations before taxes |
| $ | (910,441,000 | ) | $ | 28,007,489 |
| $ | 112,508,283 |
| $ | 74,561,874 |
| $ | 27,499,185 |
|
Plus: Fixed charges |
| 61,087,987 |
| 49,804,885 |
| 23,811,098 |
| 5,156,267 |
| 4,625,832 |
| |||||
|
|
|
|
|
|
|
|
|
|
|
| |||||
Earnings (loss) available for fixed charges |
| $ | (849,353,013 | ) | $ | 77,812,374 |
| $ | 136,319,381 |
| $ | 79,718,141 |
| $ | 32,125,017 |
|
|
|
|
|
|
|
|
|
|
|
|
| |||||
Fixed charges |
|
|
|
|
|
|
|
|
|
|
| |||||
Interest expense |
| 57,052,193 |
| 46,446,830 |
| 21,972,436 |
| 4,132,955 |
| 4,017,230 |
| |||||
Interest component of rental expense |
| 4,035,794 |
| 3,358,055 |
| 1,838,662 |
| 1,023,312 |
| 608,602 |
| |||||
Total fixed charges |
| $ | 61,087,987 |
| $ | 49,804,885 |
| $ | 23,811,098 |
| $ | 5,156,267 |
| $ | 4,625,832 |
|
|
|
|
|
|
|
|
|
|
|
|
| |||||
Ratio of earnings to fixed charges |
| —(1) |
| 1.6 |
| 5.7 |
| 15.5 |
| 6.9 |
|
(1) Earnings were inadequate to cover fixed charges for the year ended December 31, 2015 by a deficiency of $910.4 million.