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Cobalt International Energy, Inc.
Computation of Ratios of Earnings to Fixed Charges
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Year Ended December 31, | |||||||||||||||
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2014 | 2013 | 2012 | 2011 | 2010 | |||||||||||
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($ in thousands) |
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Fixed Charges: |
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Interest expense |
$ | 74,768 | $ | 65,376 | $ | 3,140 | ||||||||||
Capitalized interest |
58,458 | 17,699 | | |||||||||||||
| | | | | | | | | | | | | | | | |
Total |
$ | 133,226 | $ | 83,075 | $ | 3,140 | ||||||||||
| | | | | | | | | | | | | | | | |
Earnings: |
||||||||||||||||
Pretax (loss) income from continuing operations |
(510,763 | ) | $ | (589,024 | ) | $ | (282,999 | ) | $ | (133,637 | ) | $ | (136,476 | ) | ||
Fixed charges |
133,226 | 83,075 | 3,140 | | | |||||||||||
Less: Interest capitalized in current period |
(58,458 | ) | (17,699 | ) | | | | |||||||||
| | | | | | | | | | | | | | | | |
Total |
(435,995 | ) | $ | (523,648 | ) | $ | (279,859 | ) | $ | (133,637 | ) | $ | (136,476 | ) | ||
| | | | | | | | | | | | | | | | |
Ratio of Earnings to Fixed Charges |
| | | | | |||||||||||
Insufficient coverage |
$ | 569,221 | $ | 606,723 | $ | 282,999 | N/A | N/A |
Cobalt International Energy, Inc. Computation of Ratios of Earnings to Fixed Charges