EX-12.1 15 h84315ex12-1.txt COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES 1 UNIVERSAL COMPRESSION HOLDINGS, INC. COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES (DOLLARS IN THOUSANDS) EXHIBIT 12.1
PERIOD FROM APRIL 1, 1997 PERIOD FROM YEAR ENDED YEAR ENDED THROUGH DECEMBER 12, MARCH 31, MARCH 31, FEBRUARY 20, 1997 THROUGH 1996 1997 1998 MARCH 31, 1998 ---------- ---------- ------------- -------------- Fixed Charges as Defined: Interest expense, including amortization of deferred financing charges $ 3,706 $ -- $ -- $ 3,203 Interest component of rental expense on operating leases 159 143 130 14 Operating lease expense 0 0 0 0 ------- ------- ------- ------- Total Fixed Charges $ 3,865 $ 143 $ 130 $ 3,217 ======= ======= ======= ======= Earnings as Defined: Income (loss) before extraordinary items $ 5,972 $ 7,842 $10,759 $ 430 Income taxes (benefit) 3,745 4,724 6,271 409 Total Fixed Charges 3,865 143 130 3,217 ------- ------- ------- ------- Total Earnings as Defined $13,582 $12,709 $17,160 $ 4,056 ======= ======= ======= ======= Ratio of Earnings to Fixed Charges 3.5x 88.9x 132.0x 1.3x
YEAR YEAR PRO FORMA 9 MONTHS PRO FORMA 9 ENDED ENDED YEAR ENDED ENDED MONTHS ENDED MARCH 31, MARCH 31, MARCH 31, DECEMBER 31, DECEMBER 31, 1999 2000 2000 2000 2000 --------- --------- ---------- ------------ ------------ Fixed Charges as Defined: Interest expense, including amortization of deferred financing charges $ 29,313 $ 34,327 $ 5,622 $ 18,597 $ 10,775 Interest component of rental expense on operating leases 142 138 5,749 4,761 4,761 Operating lease expense 0 0 41,121 6,223 35,185 -------- -------- -------- -------- -------- Total Fixed Charges $ 29,455 $ 34,465 $ 52,492 $ 29,581 $ 50,721 ======== ======== ======== ======== ======== Earnings as Defined: Income (loss) before extraordinary items $ (2,361) $ (5,982) $ 22,212 $ 382 $ 14,600 Income taxes (benefit) (1,031) (1,994) 16,589 163 9,203 Total Fixed Charges 29,455 34,465 52,492 29,581 50,721 -------- -------- -------- -------- -------- Total Earnings as Defined $ 26,063 $ 26,489 $ 91,293 $ 30,126 $ 74,524 ======== ======== ======== ======== ======== Ratio of Earnings to Fixed Charges 0.9x 0.8x 1.7x 1.0x 1.5x