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Carbo Ceramics Inc – ‘S-3’ on 5/20/16 – EX-12.1

On:  Friday, 5/20/16, at 7:02pm ET   ·   As of:  5/23/16   ·   Accession #:  1193125-16-597837   ·   File #:  333-211519

Previous ‘S-3’:  ‘S-3/A’ on 4/23/03   ·   Latest ‘S-3’:  This Filing

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  As Of                Filer                Filing    For·On·As Docs:Size              Issuer               Agent

 5/23/16  Carbo Ceramics Inc                S-3         5/20/16    7:1.0M                                   RR Donnelley/FA

Registration Statement for Securities Offered Pursuant to a Transaction   —   Form S-3
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: S-3         Registration Statement for Securities Offered       HTML    144K 
                          Pursuant to a Transaction                              
 2: EX-4.1      Instrument Defining the Rights of Security Holders  HTML    261K 
 3: EX-4.2      Instrument Defining the Rights of Security Holders  HTML    278K 
 4: EX-5.1      Opinion re: Legality                                HTML     19K 
 5: EX-12.1     Statement re: Computation of Ratios                 HTML     25K 
 6: EX-23.1     Consent of Experts or Counsel                       HTML      5K 
 7: EX-24.1     Power of Attorney                                   HTML     12K 


EX-12.1   —   Statement re: Computation of Ratios


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  EX-12.1  

Exhibit 12.1

Statement of Computation of Ratio of Earnings to Fixed Charges

 

     Three-Months
Ending
March 31, 2016
    2015     2014      2013      2012      2011  
     ($ in thousands)  

Earnings:

               

Consolidated pre-tax income

   $ (36,785   $ (163,749   $ 92,871       $ 125,201       $ 158,590       $ 197,450   

Add -

               

Fixed Charges

     1,362        4,442        874         632         641         318   

Amortization of Capitalized Interest

     35        68        —           —           —           —     
  

 

 

   

 

 

   

 

 

    

 

 

    

 

 

    

 

 

 
     1,397        4,510        874         632         641         318   

Subtract -

               

Interest Capitalized

     80        2,038        —           —           —           —     
  

 

 

   

 

 

   

 

 

    

 

 

    

 

 

    

 

 

 

Earnings

   $ (35,468   $ (161,277   $ 93,745       $ 125,833       $ 159,231       $ 197,768   
  

 

 

   

 

 

   

 

 

    

 

 

    

 

 

    

 

 

 

Fixed Charges:

               

Interest Expensed

   $ 900      $ 935      $ 135       $ 10       $ 78       $ 14   

Interest Capitalized

     80        2,038        —           —           —           —     

Amortized Premiums, Discounts, and Capitalized Expenses

     42        126        58         25         —           —     

Interest Portion of Rental Expense

     340        1,343        681         597         563         304   
  

 

 

   

 

 

   

 

 

    

 

 

    

 

 

    

 

 

 

Total Fixed Charges

   $ 1,362      $ 4,442      $ 874       $ 632       $ 641       $ 318   
  

 

 

   

 

 

   

 

 

    

 

 

    

 

 

    

 

 

 

Ratio of Earnings to Fixed Charges

     (a     (a     107         199         248         622   

Earnings required to yield a 1:1 ratio

   $ 36,830      $ 165,719      $ —         $ —         $ —         $ —     

 

(a) Due to losses incurred in this period, earnings were inadequate to cover fixed charges.

Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘S-3’ Filing    Date    Other Filings
Filed as of:5/23/168-K
Filed on:5/20/164,  8-K
3/31/1610-Q
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Filing Submission 0001193125-16-597837   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

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