EX-12.1 5 dex121.htm COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES Computation of Ratio of Earnings to Fixed Charges

Exhibit 12.1

FLOTEK INDUSTRIES, INC.

RATIO OF EARNINGS TO FIXED CHARGES

 

     Years Ended December 31,    Nine Months
Ended
September 30,
     2002(a)     2003(b)     2004    2005    2006    2006    2007
     (in thousands, except ratios)

Earnings:

                  

Income (loss) from continuing operations before income taxes

   (3,117 )   (5,681 )   2,367    9,373    17,933    11,845    21,583

Plus: Fixed charges

   504     618     691    827    1,005    750    2,544

Income from equity investee

   —       —       —      —      —      —      668
                                    

Earnings available for fixed charges

   (2,613 )   (5,063 )   3,058    10,200    18,938    12,595    24,795

Fixed Charges:

                  

Interest expense

   504     618     691    827    1,005    750    2,544
                                    

Total fixed charges

   504     618     691    827    1,005    750    2,544
                                    

Ratio of earnings to fixed charges

   (a )   (b )   4.43    12.33    18.84    16.79    9.75
                                    

(a) Earnings for the year ended December 31, 2002 were inadequate to cover fixed charges. Coverage deficiency was $ 3,117,000.
(b) Earnings for the year ended December 31, 2003 were inadequate to cover fixed charges. Coverage deficiency was $ 5,681,000.