EX-12.1 3 a11-23402_1ex12d1.htm EX-12.1

Exhibit 12.1

 

BROADWIND ENERGY, INC.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(AMOUNTS IN THOUSANDS)

 

 

 

Six Months
Ended June 30,

 

Year Ended December 31,

 

 

 

2011

 

2010

 

2009

 

2008

 

2007

 

2006

 

Fixed Charges:

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest expensed and capitalized

 

$

 

586

 

$

 

1,289

 

$

 

2,745

 

$

 

2,918

 

$

 

1,257

 

$

 

411

 

Amortized premiums, discounts & capitalized expenses related to debt

 

—

 

—

 

—

 

—

 

—

 

—

 

Estimate of interest within rental expense

 

765

 

1,734

 

1,761

 

1,030

 

204

 

133

 

Preference security dividend requirements

 

—

 

—

 

—

 

—

 

—

 

—

 

Total Fixed Charges

 

$

 

1,351

 

$

 

3,023

 

$

 

4,506

 

$

 

3,948

 

$

 

1,461

 

$

 

544

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Six Months

 

 

 

 

 

Ended June 30,

 

Year Ended December 31,

 

 

 

2011

 

2010

 

2009

 

2008

 

2007

 

2006

 

Earnings:

 

 

 

 

 

 

 

 

 

 

 

 

 

Pre-tax loss from continuing operations

 

$

(8,421

)

$

(69,913

)

$

(107,973

)

$

(24,182

)

$

(4,401

)

$

(2,735

)

plus: fixed charges

 

1,351

 

3,023

 

4,506

 

3,948

 

1,461

 

544

 

plus: amortization of capitalized interest

 

12

 

24

 

24

 

17

 

—

 

—

 

plus: distributed income of equity investees

 

—

 

—

 

—

 

—

 

—

 

—

 

plus: share of pre-tax losses of equity investees

 

—

 

—

 

—

 

—

 

—

 

—

 

less: interest capitalized

 

—

 

(74

)

(448

)

(230

)

(18

)

—

 

less: preference security dividend requirements

 

—

 

—

 

—

 

—

 

—

 

—

 

less: non-controlling interest in pre-tax income of subsidiaries

 

—

 

—

 

—

 

—

 

—

 

—

 

Total Earnings

 

$

(7,058

)

$

(66,940

)

$

(103,891

)

$

(20,447

)

$

(2,958

)

$

(2,191

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ratio of earnings to fixed charges

 

*

 

*

 

*

 

*

 

*

 

*

 

*Deficiency of fixed charge coverage

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Deficiency of earnings to fixed charges

 

$

(8,409

)

$

(69,963

)

$

(108,397

)

$

(24,395

)

$

(4,419

)

$

(2,735

)