Exhibit 12.1
ALON USA ENERGY, INC. AND SUBSIDIARIES
Statement of Computation of Ratio of Earnings to Fixed Charges
(dollars in thousands)
                                         
    Fiscal Year Ended December 31,  
    2010     2009     2008     2007     2006  
Ratio of Earnings to Fixed Charges:
                                       
Earnings:
                                       
Income (loss) before income tax expense (benefit), non-controlling interest in income (loss) of subsidiaries, accumulated dividends on preferred stock of subsidiary and income (loss) from equity earnings (losses) of investees
  $ (228,524 )   $ (191,642 )   $ 157,427     $ 144,937     $ 256,416  
 
                                       
Add:
                                       
Fixed charges
    110,197       127,123       89,450       57,925       35,832  
Amortization of capitalized interest
    469       425       344       394       441  
Distributions from equity investees
    6,681       19,167       2,774       9,301       2,422  
Less:
                                       
Interest capitalized
    (1,004 )     (1,692 )     (3,417 )            
 
                             
 
                                       
Total earnings
  $ (112,181 )   $ (46,619 )   $ 246,578     $ 212,557     $ 295,111  
 
                             
 
                                       
Fixed charges:
                                       
Interest expense, net
  $ 94,939     $ 111,137     $ 67,550     $ 47,747     $ 30,658  
Interest capitalized
    1,004       1,692       3,417              
Rental expense interest factor (A)
    14,254       14,294       18,483       10,178       5,174  
 
                             
Total fixed charges
  $ 110,197     $ 127,123     $ 89,450     $ 57,925     $ 35,832  
 
                             
 
                                       
Ratio of earnings to fixed charges
    (B )     (B )     2.8x       3.7x       8.2x  
 
                             
 
(A)   The interest portion of rental expense represents one-third of rents, which is deemed representative of the interest portion of rental expense.
 
(B)   For the years ended December 31, 2010 and 2009, our ratio of earnings to fixed charges was less than one-to-one, and our coverage deficiency was approximately $222.4 million and $173.7 million, respectively.