EX-12.1 5 dex121.txt COMPUTATION OF RATIO EXHIBIT 12.1 SYNTROLEUM CORPORATION AND SUBSIDIARIES COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES (IN THOUSANDS, EXCEPT RATIO AMOUNTS)
MARCH 31, 2001 2000 1999 1998 1997 1996 ---------- ---- ---- ---- ---- ---- Earnings (losses): Income (loss) before minority interest, income taxes & extraordinary items $(5,936) $(22,746) $(17,187) $(11,742) $(9,615) $(1,937) Less: Undistributed equity in earnings of subsidiaries (46) (82) (167) (15) - - Add: Distributed earnings of less that fifty percent owned subsidiary - 250 - - - - Fixed charges, less capitalized interest 173 681 687 288 155 - ------- -------- -------- -------- ------- ------- EARNINGS (LOSSES) AS ADJUSTED $(5,809) $(21,897) $(16,667) $(11,469) $(9,460) $(1,937) ======= ======== ======== ======== ======= ======= Fixed Charges: Interest costs, including capitalized interest $ 35 $ 21 $ - $ - $ - $ - Interest component of rental expense 88 341 387 155 155 - Subsidiary interest expense 85 340 300 133 - - ------- -------- -------- -------- ------- ------- FIXED CHARGES $ 208 $ 702 $ 687 $ 288 $ 155 $ - ======= ======== ======== ======== ======= ======= DEFICIENCY OF EARNINGS TO FIXED CHARGES $ 6,017 $ 22,599 $ 17,354 $ 11,757 $ 9,615 $ 1,937 ======= ======== ======== ======== ======= =======