EX-12.1 6 d173484dex121.htm EX-12.1 EX-12.1

Exhibit 12.1

Green Plains Partners LP

Computation of Ratio of Earnings to Fixed Charges

(Dollars in thousands)

(Unaudited)

 

     Six Months
Ended
June 30,
2016		      Year Ended December 31,  
        2015      2014     2013  

Earnings:

           

Income (loss) before income taxes

    $ 26,416       $ 12,099       $ (20,591 )    $ (12,515 ) 

Fixed charges

      5,010         7,836         7,196        5,160   
  

 

 

     

 

 

     

 

 

    

 

 

  

Total earnings (loss)

    $ 31,426       $ 19,935       $ (13,395 )    $ (7,355 ) 
  

 

 

     

 

 

     

 

 

    

 

 

  

Fixed Charges:

           

Interest expense

    $ 794       $ 381       $ 138      $ 768   

Interest component of rent expense

      4,216         7,455         7,058        4,392   
  

 

 

     

 

 

     

 

 

    

 

 

  

Total fixed charges

    $ 5,010       $ 7,836       $ 7,196      $ 5,160   
  

 

 

     

 

 

     

 

 

    

 

 

  

Ratio of earnings to fixed charges

      6.3         2.5         *        *   
  

 

 

     

 

 

     

 

 

    

 

 

  

 

* The ratio of earnings to fixed charges was negative for the years ended December 31, 2014 and 2013. To achieve a ratio of earnings to fixed charges of 1:1, we would have had to generate an additional $20.6 million and $12.5 million of earnings for the years ended December 31, 2014 and 2013, respectively.