Attached files
| file | filename |
|---|---|
| EX-99.1 - EXHIBIT 99.1 - PAR PACIFIC HOLDINGS, INC. | a20161231ex991nsai.htm |
| EX-99.2 - EXHIBIT 99.2 - PAR PACIFIC HOLDINGS, INC. | a20161231ex992laramieenerg.htm |
| EX-32.2 - EXHIBIT 32.2 - PAR PACIFIC HOLDINGS, INC. | a20161231ex322micklas.htm |
| EX-32.1 - EXHIBIT 32.1 - PAR PACIFIC HOLDINGS, INC. | a20161231ex321pate.htm |
| EX-31.2 - EXHIBIT 31.2 - PAR PACIFIC HOLDINGS, INC. | a20161231ex312micklas.htm |
| EX-31.1 - EXHIBIT 31.1 - PAR PACIFIC HOLDINGS, INC. | a20161231ex311pate.htm |
| EX-23.4 - EXHIBIT 23.4 - PAR PACIFIC HOLDINGS, INC. | a20161231ex234nsaiconsent.htm |
| EX-23.3 - EXHIBIT 23.3 - PAR PACIFIC HOLDINGS, INC. | a20161231ex233ekshconsent.htm |
| EX-23.2 - EXHIBIT 23.2 - PAR PACIFIC HOLDINGS, INC. | a20161231ex232deloittecons.htm |
| EX-23.1 - EXHIBIT 23.1 - PAR PACIFIC HOLDINGS, INC. | a20161231ex231deloittecons.htm |
| EX-21.1 - EXHIBIT 21.1 - PAR PACIFIC HOLDINGS, INC. | a20161231ex211subsidiaries.htm |
| 10-K - 10-K - PAR PACIFIC HOLDINGS, INC. | a2016123110-k.htm |
EXHIBIT 12.1
RATIO OF EARNINGS TO FIXED CHARGES | |||||||||||||||||||||||
(in thousands) | |||||||||||||||||||||||
Successor | Predecessor | ||||||||||||||||||||||
Year ended December 31, | September 1 through December 31 | January 1 through August 31 | |||||||||||||||||||||
2016 | 2015 | 2014 | 2013 | 2012 | 2012 | ||||||||||||||||||
Loss before income taxes | $ | (53,747 | ) | $ | (56,699 | ) | $ | (47,496 | ) | $ | (79,173 | ) | $ | (11,596 | ) | $ | (177,033 | ) | |||||
Add back: | |||||||||||||||||||||||
Interest expense and financing costs, net | 28,506 | 20,156 | 17,995 | 13,285 | 1,056 | 6,582 | |||||||||||||||||
Estimate of interest component of rental expense (1) | 13,052 | 5,853 | 9,971 | 2,046 | 20 | 13 | |||||||||||||||||
Equity losses (earnings) from Laramie Energy, LLC | 22,381 | 55,983 | (2,849 | ) | 2,941 | 1,325 | 20 | ||||||||||||||||
Earnings | $ | 10,192 | $ | 25,293 | $ | (22,379 | ) | $ | (60,901 | ) | $ | (9,195 | ) | $ | (170,418 | ) | |||||||
Fixed charges | |||||||||||||||||||||||
Interest expense and financing costs, net | 28,506 | 20,156 | 17,995 | 13,285 | 1,056 | 6,582 | |||||||||||||||||
Estimate of interest component of rental expense | 13,052 | 5,853 | 9,971 | 2,046 | 20 | 13 | |||||||||||||||||
Total fixed charges | $ | 41,558 | $ | 26,009 | $ | 27,966 | $ | 15,331 | $ | 1,076 | $ | 6,595 | |||||||||||
Ratio of earnings to fixed charges | NA (2) | NA (2) | NA (2) | NA (2) | NA (2) | NA (2) | |||||||||||||||||
Amount by which fixed charges exceed earnings | $ | 31,366 | $ | 716 | $ | 50,345 | $ | 76,232 | $ | 10,271 | $ | 177,013 | |||||||||||
__________________________________ | |||||||||||||||||||||||
(1) Consists of 33% of rental expense, which we believe to be a reasonable estimate of interest factor in our rental expense. | |||||||||||||||||||||||
(2) Earnings were inadequate to cover fixed charges for the respective periods. | |||||||||||||||||||||||