Attached files
Exhibit 12
Flotek Industries, Inc.
Ratio of Earnings to Fixed Charges
(in thousands)
| For the Year Ended December 31, | ||||||||||||||||
| 2004 | 2005 | 2006 | 2007 | 2008 | ||||||||||||
| COMPUTATION OF EARNINGS: |
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| Add: |
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| Income from continuing operations before income taxes and fixed charges |
$ | 2,367 | $ | 9,373 | $ | 17,933 | $ | 27,141 | $ | (41,080 | ) | |||||
| Fixed charges. |
753 | 881 | 1,121 | 3,738 | 10,716 | |||||||||||
| Deduct: |
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| Minority interest in pretax income of subsidiaries that have not incurred fixed charges |
— | — | — | 916 | — | |||||||||||
| Earnings, as defined |
$ | 3,120 | $ | 10,254 | $ | 19,054 | $ | 29,963 | $ | (30,364 | ) | |||||
| COMPUTATION OF FIXED CHARGES: |
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| Interest expensed and capitalized |
$ | 691 | $ | 827 | $ | 1,005 | $ | 3,501 | $ | 10,233 | ||||||
| Estimate of interest within rental expense (1). |
62 | 54 | 116 | 237 | 483 | |||||||||||
| Fixed charges, as defined |
753 | 881 | 1,121 | 3,738 | 10,716 | |||||||||||
| Ratio of Earnings to Fixed Charges |
4.14 | 11.64 | 17.00 | 8.02 | (2.83 | ) | ||||||||||
| (1) | One third of rental expense is deemed to be representative of interest. |
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