Atlas Energy Resources, LLC - FORM 10-K - EX-12.1 - COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES - February 26, 2010

Attached files

file filename
10-K - ATLAS ENERGY RESOURCES, LLC - Atlas Energy Resources, LLCd10k.htm
EX-32.2 - SECTION 906 CFO CERTIFICATION - Atlas Energy Resources, LLCdex322.htm
EX-31.1 - SECTION 302 CEO CERTIFICATION - Atlas Energy Resources, LLCdex311.htm
EX-31.2 - SECTION 302 CFO CERTIFICATION - Atlas Energy Resources, LLCdex312.htm
EX-99.1 - SUMMARY RESERVE REPORT - Atlas Energy Resources, LLCdex991.htm
EX-32.1 - SECTION 906 CEO CERTIFICATION - Atlas Energy Resources, LLCdex321.htm

EXHIBIT 12.1

Statement of Computation of Ratio of Earnings to Fixed Charges

(UNAUDITED)

Atlas Energy Resources, LLC

(amounts in thousands except ratios)

 

     Year Ended
December 31,
2009		  

Earnings:

   

Net loss(1)

    $ (90,602 ) 

Fixed charges

      74,972   

Equity income in unconsolidated company

      (553 ) 

Interest capitalized

      (8,887 ) 

Amortization of previously capitalized interest

      807   
        

Total

    $ (24,263 ) 
        

Fixed Charges:

   

Interest cost and debt expense

    $ 64,951   

Interest capitalized

      8,887   

Interest allocable to rental expense(2)

      1,134   
        

Total

    $ 74,972   
        

Ratio of Earnings to Fixed Charges

      — (3) 
        

 

(1)

Includes a $156.4 million asset impairment charge during the year ended December 31, 2009.

(2)

Represents one-third of the total operating lease rental expense which is that portion deemed to be interest.

(3)

Due to the Company’s net loss for the year ended December 31, 2009, its earnings were insufficient to cover its fixed charges by $99.2 million.

Atlas Energy Resources, LLC Reports