EX-12.1 6 f70590mex12-1.txt STATEMENT REGARDING COMPUTATION OF RATIOS 1 Exhibit 12.1 CREATED BY EDGAR ONLINE, INC. CALPINE CORP INCOME STATEMENT3 PERIOD END: DEC 31, 2000 DATE FILED: MAR 15,2001 VALUES IN THIS WORKSHEET ARE IN THOUSANDS, EXCEPT WHERE NOTED.
Year Ending December 31, ------------------------------------------------------------ 1996 1997 1998 1999 2000 ------------------------------------------------------------ (in thousands) COMPUTATION OF EARNINGS: ------------------------ Pretax income before adjustment for minority interests in consolidated subsidiaries and income or loss from equity investees ................................... $21,219 $37,340 $48,133 $121,623 $521,683 Fixed charges ................................. 48,672 72,718 100,015 153,268 331,023 Amortization of capitalized interest .................................... -- -- 136 331 447 Distributed income of equity investees ................................... 1,274 21,042 27,717 43,318 29,979 Interest capitalized .......................... -- (6,200) (7,000) (47,300) (206,973) Minority interest in pretax income of subsidiaries that have not incurred fixed charges ..................................... -- -- -- 265 (895) ------- -------- -------- -------- -------- Total earnings ................................ $71,165 $124,900 $169,001 $271,505 $675,264 ======= ======== ======== ======== ======== COMPUTATION OF FIXED CHARGES: ----------------------------- Interest expensed and capitalized ................................. $45,294 $67,666 $93,726 $138,462 $263,673 Estimate of interest within rental expense .............................. 3,378 5,052 6,289 12,241 23,140 Distributions on HIGH TIDES ................... -- -- -- 2,565 44,210 ------- -------- -------- -------- -------- Total fixed charges ........................... $48,672 $72,718 $100,015 $153,268 $331,023 ======= ======== ======== ======== ======== Ratio of earnings to fixed charges ..................................... 1.46 1.72 1.69 1.77 2.04
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