EX-12.1 3 sei-ex121_20161231xk.htm COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES Exhibit


EXHIBIT 12.1
SEITEL, INC.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(in thousands, except ratios)
(Unaudited)

 
Year Ended December 31,
 
2016
 
2015
 
2014
 
2013
 
2012
Fixed charges:
 
 
 
 
 
 
 
 
 
Interest expense
$
25,337

 
$
25,430

 
$
25,222

 
$
28,213

 
$
29,143

Capitalized interest expense
—

 
—

 
—

 
—

 
—

Portion of rental expense representative of interest factor
380

 
424

 
433

 
579

 
612

Total fixed charges
$
25,717

 
$
25,854

 
$
25,655

 
$
28,792

 
$
29,755

Earnings before fixed charges:
 
 
 
 
 
 
 
 
 
Income (loss) from continuing operations before income taxes
$
(27,820
)
 
$
(30,085
)
 
$
19,971

 
$
23,741

 
$
43,832

Fixed charges
25,717

 
25,854

 
25,655

 
28,792

 
29,755

Capitalized interest expense
—

 
—

 
—

 
—

 
—

Total earnings before fixed charges
$
(2,103
)
 
$
(4,231
)
 
$
45,626

 
$
52,533

 
$
73,587

Ratio of earnings to fixed charges:
 
 
 
 
 
 
 
 
 
Earnings before fixed charges
$
(2,103
)
 
$
(4,231
)
 
$
45,626

 
$
52,533

 
$
73,587

Fixed charges
25,717

 
25,854

 
25,655

 
28,792

 
29,755

Ratio of earnings to fixed charges
—

 
—

 
1.8

 
1.8

 
2.5

Amount of deficiency (if negative)
(27,820
)
 
(30,085
)
 
—

 
—

 
—