Attached files
| file | filename |
|---|---|
| EX-32.2 - EXHIBIT 32.2 - Renewable Energy Group, Inc. | regi-20171231xex322.htm |
| EX-32.1 - EXHIBIT 32.1 - Renewable Energy Group, Inc. | regi-20171231xex321.htm |
| EX-31.2 - EXHIBIT 31.2 - Renewable Energy Group, Inc. | regi-20171231xex312.htm |
| EX-31.1 - EXHIBIT 31.1 - Renewable Energy Group, Inc. | regi-20171231xex311.htm |
| EX-23.1 - EXHIBIT 23.1 - Renewable Energy Group, Inc. | regi-20171231xex231xdeloit.htm |
| EX-21.1 - EXHIBIT 21.1 - Renewable Energy Group, Inc. | regi-20171231xex211xlistof.htm |
| EX-10.24 - EXHIBIT 10.24 - Renewable Energy Group, Inc. | regi-20171231xex1024amendm.htm |
| EX-10.22 - EXHIBIT 10.22 - Renewable Energy Group, Inc. | regi-20171231xex1022amendm.htm |
| 10-K - 10-K - Renewable Energy Group, Inc. | regi-20171231x10k.htm |
EXHIBIT 12.1
RENEWABLE ENERGY GROUP, INC.
STATEMENT REGARDING COMPUTATION OF RATIOS
(in thousands)
For the year ended December 31, | ||||||||||||||||||||||||
2012 | 2013 | 2014 | 2015 | 2016 | 2017 | |||||||||||||||||||
Earnings (deficiency): | ||||||||||||||||||||||||
Pre-tax income (loss) from continuing operations before | ||||||||||||||||||||||||
adjustment for equity investees | $ | 23,713 | $ | 191,301 | $ | 86,110 | $ | (160,411 | ) | $ | 48,981 | $ | (109,569 | ) | ||||||||||
Add: | ||||||||||||||||||||||||
Fixed Charges | 11,312 | 7,756 | 12,516 | 17,222 | 23,270 | 23,580 | ||||||||||||||||||
Amortization of cap interest | 31 | 31 | 31 | 154 | 156 | 171 | ||||||||||||||||||
Subtract: | ||||||||||||||||||||||||
Interest capitalized | 33 | 335 | 1,345 | 897 | 88 | 301 | ||||||||||||||||||
Preference security dividends | 3,156 | 2,055 | — | — | — | — | ||||||||||||||||||
Earnings (deficiency) | $ | 31,867 | $ | 196,698 | $ | 97,312 | $ | (143,932 | ) | $ | 72,319 | $ | (86,119 | ) | ||||||||||
Fixed charges: | ||||||||||||||||||||||||
Interest expense and amortization of costs related to indebtedness | $ | 4,679 | $ | 2,397 | $ | 6,690 | $ | 11,867 | $ | 15,987 | $ | 18,755 | ||||||||||||
Interest capitalized | 33 | 335 | 1,345 | 897 | 88 | 301 | ||||||||||||||||||
Estimate of interest within rental expenses | 3,444 | 2,969 | 4,441 | 4,458 | 7,195 | 4,524 | ||||||||||||||||||
Preference security dividends | 3,156 | 2,055 | 40 | — | — | — | ||||||||||||||||||
Total fixed charges | $ | 11,312 | $ | 7,756 | $ | 12,516 | $ | 17,222 | $ | 23,270 | $ | 23,580 | ||||||||||||
Ratio of Earnings to Fixed Charges including Preference Security Dividends(1) (2) | 2.8 | 25.4 | 7.8 | — | 3.1 | — | ||||||||||||||||||
Deficiency in the coverage of fixed charges | N/A | N/A | N/A | $ | 161,154 | N/A | $ | 109,699 | ||||||||||||||||
(1) Fixed charges. The term “fixed charges” means the sum of the following: (a) interest expensed and capitalized, (b) amortized premiums, discounts and capitalized expenses related to indebtedness, (c) an estimate of the interest within rental expense, and (d) preference security dividend requirements of consolidated subsidiaries.
(2) Our net losses were insufficient to cover fixed charges in the years 2015 and 2017. Because of these deficiencies, the ratio information is not applicable.