Exhibit 12.1
Green Plains Partners LP
Computation of Ratio of Earnings to Fixed Charges
(Dollars in thousands)
(Unaudited)
| Six Months Ended June 30, 2016 | Year Ended December 31, | |||||||||||||||
| 2015 | 2014 | 2013 | ||||||||||||||
Earnings: | ||||||||||||||||
Income (loss) before income taxes | $ | 26,416 | $ | 12,099 | $ | (20,591 | ) | $ | (12,515 | ) | ||||||
Fixed charges | 5,010 | 7,836 | 7,196 | 5,160 | ||||||||||||
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Total earnings (loss) | $ | 31,426 | $ | 19,935 | $ | (13,395 | ) | $ | (7,355 | ) | ||||||
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Fixed Charges: | ||||||||||||||||
Interest expense | $ | 794 | $ | 381 | $ | 138 | $ | 768 | ||||||||
Interest component of rent expense | 4,216 | 7,455 | 7,058 | 4,392 | ||||||||||||
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Total fixed charges | $ | 5,010 | $ | 7,836 | $ | 7,196 | $ | 5,160 | ||||||||
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Ratio of earnings to fixed charges | 6.3 | 2.5 | * | * | ||||||||||||
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| * | The ratio of earnings to fixed charges was negative for the years ended December 31, 2014 and 2013. To achieve a ratio of earnings to fixed charges of 1:1, we would have had to generate an additional $20.6 million and $12.5 million of earnings for the years ended December 31, 2014 and 2013, respectively. |
