EX-12.1 5 ex12_1.htm EXHIBIT 12.1 ex12_1.htm
Exhibit 12.1
 
TETRA Technologies, Inc.
 
Ratio of Earnings to Fixed Charges
 
   
Fiscal Year Ended December 31,
    
Nine Months Ended
September 30,
  
Earnings
  
2004
    
2005
    
2006
    
2007
    
2008
    
2009
  
                                     
Pretax income from continuing operations
   $ 22,073     $ 52,029     $ 152,369     $ 2,162     $ (3,915 )   $ 65,661  
Plus:  Fixed Charges
     2,713       7,234       15,913       20,562       22,092       15,912  
Plus:  Amortization of capitalized interest
     386       355       321       487       851       1,101  
Less:  Interest capitalized
     85       256       1,081       1,395       3,202       5,316  
Less:  Preference dividend requirements
     –       –       –       –       –       –  
    $ 25,087     $ 59,362     $ 167,522     $ 21,816     $ 15,826     $ 77,358  
Fixed Charges
                                                
Interest expense on indebtedness
     1,962       6,310       13,637       17,886       17,557       9,837  
Interest capitalized
     85       256       1,081       1,395       3,202       5,316  
Interest expense on portion of rent
     666       668       1,195       1,281       1,333       759  
Preference dividend requirements
     –       –       –       –       –       –  
Total fixed charges
   $ 2,713     $ 7,234     $ 15,913     $ 20,562     $ 22,092     $ 15,912  
Ratio of earnings to fixed charges
     9.25 x     8.21 x     10.53 x     1.06 x  
(a)
       4.86 x
 
(a)
Earnings were inadequate to cover fixed charges.  The coverage deficiency totaled $6,266,000 for the year ended December 31, 2008