Exhibit 12.1
FLOTEK INDUSTRIES, INC.
RATIO OF EARNINGS TO FIXED CHARGES
Years Ended December 31, | Nine Months Ended September 30, | |||||||||||||||
2002(a) | 2003(b) | 2004 | 2005 | 2006 | 2006 | 2007 | ||||||||||
(in thousands, except ratios) | ||||||||||||||||
Earnings: | ||||||||||||||||
Income (loss) from continuing operations before income taxes | (3,117 | ) | (5,681 | ) | 2,367 | 9,373 | 17,933 | 11,845 | 21,583 | |||||||
Plus: Fixed charges | 504 | 618 | 691 | 827 | 1,005 | 750 | 2,544 | |||||||||
Income from equity investee | — | — | — | — | — | — | 668 | |||||||||
Earnings available for fixed charges | (2,613 | ) | (5,063 | ) | 3,058 | 10,200 | 18,938 | 12,595 | 24,795 | |||||||
Fixed Charges: | ||||||||||||||||
Interest expense | 504 | 618 | 691 | 827 | 1,005 | 750 | 2,544 | |||||||||
Total fixed charges | 504 | 618 | 691 | 827 | 1,005 | 750 | 2,544 | |||||||||
Ratio of earnings to fixed charges | (a | ) | (b | ) | 4.43 | 12.33 | 18.84 | 16.79 | 9.75 | |||||||
(a) | Earnings for the year ended December 31, 2002 were inadequate to cover fixed charges. Coverage deficiency was $ 3,117,000. |
(b) | Earnings for the year ended December 31, 2003 were inadequate to cover fixed charges. Coverage deficiency was $ 5,681,000. |