Attached files
| file | filename |
|---|---|
| 10-K - VERSO PAPER 10-K - Verso Paper Holdings LLC | a6627179.htm |
| EX-21 - EXHIBIT 21 - Verso Paper Holdings LLC | a6627179ex21.htm |
| EX-31.1 - EXHIBIT 31.1 - Verso Paper Holdings LLC | a6627179ex31_1.htm |
| EX-32.1 - EXHIBIT 32.1 - Verso Paper Holdings LLC | a6627179ex32_1.htm |
| EX-31.2 - EXHIBIT 31.2 - Verso Paper Holdings LLC | a6627179ex31_2.htm |
| EX-23.2 - EXHIBIT 23.2 - Verso Paper Holdings LLC | a6627179ex23_2.htm |
| EX-32.2 - EXHIBIT 32.2 - Verso Paper Holdings LLC | a6627179ex32_2.htm |
| EX-23.1 - EXHIBIT 23.1 - Verso Paper Holdings LLC | a6627179ex23_1.htm |
Exhibit 12
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VERSO PAPER HOLDINGS LLC
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RATIO OF EARNINGS TO FIXED CHARGES
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(Unaudited)
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Predecessor
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Successor Consolidated
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Combined
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Five Months
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Seven Months
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Ended
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Ended
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Year Ended December 31,
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December 31,
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July 31,
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(Dollars in thousands)
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2010
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2009
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2008
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2007
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2006
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2006
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Earnings (Loss):
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Income (loss)
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$ | (125,480 | ) | $ | 80,702 | $ | (39,151 | ) | $ | (81,269 | ) | $ | (1,832 | ) | $ | 17,751 | ||||||||
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Amortization of capitalized interest
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167 | 152 | 103 | 18 | - | 5,005 | ||||||||||||||||||
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Capitalized interest
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(1,268 | ) | (396 | ) | (1,408 | ) | (1,247 | ) | (206 | ) | (338 | ) | ||||||||||||
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Fixed charges (below)
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126,105 | 118,768 | 106,629 | 117,038 | 49,424 | 9,420 | ||||||||||||||||||
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Earnings (loss) adjusted for fixed charges
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$ | (476 | ) | $ | 199,226 | $ | 66,173 | $ | 34,540 | $ | 47,386 | $ | 31,838 | |||||||||||
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Fixed charges:
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Interest expense
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$ | 122,528 | $ | 116,130 | $ | 103,200 | $ | 113,881 | $ | 48,741 | $ | 8,414 | ||||||||||||
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Capitalized interest
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1,268 | 396 | 1,408 | 1,247 | 206 | 338 | ||||||||||||||||||
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Portion of rent expense representative of interest
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2,309 | 2,242 | 2,021 | 1,910 | 477 | 668 | ||||||||||||||||||
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Total fixed charges
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$ | 126,105 | $ | 118,768 | $ | 106,629 | $ | 117,038 | $ | 49,424 | $ | 9,420 | ||||||||||||
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Ratio of earnings to fixed charges
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- | 1.68 | - | - | - | 3.38 | ||||||||||||||||||
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Coverage deficiency
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$ | 126,581 | $ | - | $ | 40,456 | $ | 82,498 | $ | 2,038 | $ | - | ||||||||||||