EX-12.1 5 cie-ex121_466.htm EX-12.1 cie-ex121_466.htm

Exhibit 12.1

Cobalt International Energy, Inc.

 

Computation of Ratios of Earnings to Fixed Charges

 

 

Year Ended December 31,

 

 

 

2015

 

 

2014

 

 

2013

 

 

2012

 

 

2011

 

Fixed charges:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest expense

 

$

63,376

 

 

$

74,768

 

 

$

65,376

 

 

$

3,212

 

 

 

—

 

Capitalized interest

 

 

105,819

 

 

 

58,458

 

 

 

17,700

 

 

 

—

 

 

 

—

 

Total

 

$

169,195

 

 

$

133,226

 

 

$

83,076

 

 

$

3,212

 

 

 

—

 

Earnings:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pretax loss from continuing

 

 

(498,545

)

 

$

(317,248

)

 

$

(404,512

)

 

$

(231,053

)

 

$

(79,213

)

Fixed charges

 

 

169,195

 

 

 

133,226

 

 

 

83,076

 

 

 

3,212

 

 

 

—

 

Less interest capitalized

 

 

(105,819

)

 

 

(58,458

)

 

 

(17,700

)

 

 

—

 

 

 

—

 

Total

 

 

(435,169

)

 

$

(242,480

)

 

$

(339,136

)

 

$

(227,841

)

 

$

(79,213

)

Ratio

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Insufficient coverage

 

$

604,364

 

 

$

375,706

 

 

$

422,212

 

 

$

231,053

 

 

N/A