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. |