Exhibit 12.1
Seitel, Inc.
Statement Showing Computation of Ratio of Earnings to Fixed Charges
(In thousands)
(Unaudited)
Year Ended December 31, | Three Months Ended | |||||||||||||||||||||||||
2002 | 2003 | 2004 | 2005 | 2006 | 3/31/2006 | 3/31/2007 | ||||||||||||||||||||
Fixed charges: | ||||||||||||||||||||||||||
Interest expense | $ | 21,248 | $ | 20,526 | $ | 25,356 | $ | 24,845 | $ | 24,208 | $ | 6,045 | $ | 12,185 | ||||||||||||
Capitalized interest expense | 664 | — | — | — | — | — | — | |||||||||||||||||||
Portion of rental expense representative of interest factor | 471 | 300 | 418 | 426 | 460 | 104 | 136 | |||||||||||||||||||
Total fixed charges | $ | 22,383 | $ | 20,826 | $ | 25,774 | $ | 25,271 | $ | 24,668 | $ | 6,149 | $ | 12,321 | ||||||||||||
Earnings before fixed charges: | ||||||||||||||||||||||||||
Income (loss) from continuing operations before income taxes and cumulative effect of change in accounting principle | $ | (156,873 | ) | $ | (36,878 | ) | $ | (95,580 | ) | $ | (6,562 | ) | $ | 46,641 | $ | 6,970 | $ | (34,720 | ) | |||||||
Fixed charges | 22,383 | 20,826 | 25,774 | 25,271 | 24,668 | 6,149 | 12,321 | |||||||||||||||||||
Capitalized interest expense | (664 | ) | — | — | — | — | ||||||||||||||||||||
Total earnings before fixed charges | $ | (135,154 | ) | $ | (16,052 | ) | $ | (69,806 | ) | $ | 18,709 | $ | 71,309 | $ | 13,119 | $ | (22,399 | ) | ||||||||
Ratio of earnings to fixed charges: | ||||||||||||||||||||||||||
Earnings before fixed charges | $ | (135,154 | ) | $ | (16,052 | ) | $ | (69,806 | ) | $ | 18,709 | $ | 71,309 | $ | 13,119 | $ | (22,399 | ) | ||||||||
Fixed charges | 22,383 | 20,826 | 25,774 | 25,271 | 24,668 | 6,149 | 12,321 | |||||||||||||||||||
Ratio of earnings to fixed charges | — | — | — | — | 2.9 | 2.1 | — |