Attached files
| file | filename |
|---|---|
| 10-K - FORM 10-K - GEOKINETICS INC | a2197333z10-k.htm |
| EX-31.2 - EXHIBIT 31.2 - GEOKINETICS INC | a2197333zex-31_2.htm |
| EX-31.1 - EXHIBIT 31.1 - GEOKINETICS INC | a2197333zex-31_1.htm |
| EX-23.1 - EXHIBIT 23.1 - GEOKINETICS INC | a2197333zex-23_1.htm |
| EX-32.2 - EXHIBIT 32.2 - GEOKINETICS INC | a2197333zex-32_2.htm |
| EX-21.1 - EXHIBIT 21.1 - GEOKINETICS INC | a2197333zex-21_1.htm |
| EX-32.1 - EXHIBIT 32.1 - GEOKINETICS INC | a2197333zex-32_1.htm |
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Geokinetics, Inc. and Subsidiaries
Statement Regarding Computation of Ratio of Earnings to Fixed Charges and
Ratio of Earnings to Combined Fixed Charges and Preferred Dividends
(unaudited)
(in thousands)
Computation of Earnings:
| |
2009 | 2008 | 2007 | 2006 | 2005 | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Net income (loss) before income taxes |
$ | 18,241 | $ | 10,254 | $ | (13,684 | ) | $ | (942 | ) | $ | (1,871 | ) | |||||
Add fixed charges (see below) |
34,763 | 34,190 | 22,449 | 23,166 | 1,233 | |||||||||||||
Earnings available to cover fixed charges |
53,004 | 44,444 | 8,765 | 22,224 | (638 | ) | ||||||||||||
Fixed charges: |
||||||||||||||||||
Interest |
$ | 9,123 | $ | 6,992 | $ | 9,265 | $ | 474 | $ | 441 | ||||||||
Amortization of debt cost and discount |
560 | 336 | 875 | 4,608 | — | |||||||||||||
Interest portion of rentals(1) |
25,080 | 26,862 | 12,309 | 7,260 | 759 | |||||||||||||
Total fixed charges |
34,763 | 34,190 | 22,449 | 23,166 | 1,233 | |||||||||||||
Preference security dividend(2) |
32,230 | 11,713 | 9,011 | 381 | 294 | |||||||||||||
Total fixed charges and preferred stock dividends |
$ | 66,993 | $ | 45,903 | $ | 31,460 | $ | 23,547 | $ | 1,527 | ||||||||
Deficiency of earnings available to cover fixed charges |
$ |
— |
$ |
— |
$ |
(13,684 |
) |
$ |
(942 |
) |
$ |
(1,871 |
) |
|||||
Deficiency of earnings to cover fixed charges and preferred stock dividends |
$ |
(13,989 |
) |
$ |
(1,459 |
) |
$ |
(22,695 |
) |
$ |
(1,323 |
) |
$ |
(2,165 |
) |
|||
Ratio of earnings to fixed charges |
1.52 |
1.30 |
— |
— |
— |
|||||||||||||
Ratio of earnings to fixed charges and preferred stock dividends |
— |
— |
— |
— |
— |
|||||||||||||
- (1)
- Represents
an estimate of the interest within rental expense.
- (2)
- Represents pre-tax earnings required to pay dividends on outstanding preference securities.
Geokinetics, Inc. and Subsidiaries Statement Regarding Computation of Ratio of Earnings to Fixed Charges and Ratio of Earnings to Combined Fixed Charges and Preferred Dividends (unaudited) (in thousands)