Attached files
| file | filename |
|---|---|
| 10-K - FORM 10-K - Resolute Energy Corp | d80587e10vk.htm |
| EX-21 - EX-21 - Resolute Energy Corp | d80587exv21.htm |
| EX-32 - EX-32 - Resolute Energy Corp | d80587exv32.htm |
| EX-99.1 - EX-99.1 - Resolute Energy Corp | d80587exv99w1.htm |
| EX-23.2 - EX-23.2 - Resolute Energy Corp | d80587exv23w2.htm |
| EX-23.3 - EX-23.3 - Resolute Energy Corp | d80587exv23w3.htm |
| EX-31.2 - EX-31.2 - Resolute Energy Corp | d80587exv31w2.htm |
| EX-31.1 - EX-31.1 - Resolute Energy Corp | d80587exv31w1.htm |
| EX-23.1 - EX-23.1 - Resolute Energy Corp | d80587exv23w1.htm |
Exhibit 12.1
Computation of Ratio of Earnings to Fixed Charges (c)
Resolute Energy Corporation
Ratio of Earnings to Fixed Charges
(In thousands, except ratios)
Ratio of Earnings to Fixed Charges
(In thousands, except ratios)
| February 26, 2007 | ||||||||||||||||
| Fiscal Year Ended December 31, | (inception) to | |||||||||||||||
| 2010 | 2009 | 2008 | December 31, 2007 | |||||||||||||
Earnings: |
||||||||||||||||
Income (loss) before income taxes |
$ | 8,574 | $ | (65,130 | ) | $ | 6,041 | $ | 4,118 | |||||||
Fixed charges, excluding
capitalized interest |
6,905 | 2,205 | 40 | 10 | ||||||||||||
Earnings |
$ | 15,479 | $ | (62,925 | ) | $ | 6,081 | $ | 4,128 | |||||||
Fixed charges: |
||||||||||||||||
Interest expense, including
capitalized interest |
$ | 5,317 | $ | 1,538 | $ | — | $ | — | ||||||||
Estimate of interest within
rental expense |
2,047 | 667 | 40 | 10 | ||||||||||||
Fixed charges |
$ | 7,364 | $ | 2,205 | $ | 40 | $ | 10 | ||||||||
Ratio of earnings to fixed charges |
2.1 | (a) | 152.0 | 412.8 | ||||||||||||
Predecessor Resolute
Ratio of Earnings to Fixed Charges
(In thousands, except ratios)
Ratio of Earnings to Fixed Charges
(In thousands, except ratios)
| For the 267 Day | ||||||||||||||||
| Period Ended | Fiscal Year Ended December 31, | |||||||||||||||
| September 24, 2009 | 2008 | 2007 | 2006 | |||||||||||||
Earnings: |
||||||||||||||||
Income (loss) before income taxes |
$ | (46,611 | ) | $ | (108,666 | ) | $ | (102,672 | ) | $ | 46,042 | |||||
Fixed charges |
19,948 | 35,813 | 37,226 | 23,238 | ||||||||||||
Earnings |
$ | (26,663 | ) | $ | (72,853 | ) | $ | (65,446 | ) | $ | 69,280 | |||||
Fixed charges: |
||||||||||||||||
Interest expense |
$ | 18,416 | $ | 33,139 | $ | 35,898 | $ | 22,293 | ||||||||
Estimate of interest within
rental expense |
1,532 | 2,674 | 1,328 | 945 | ||||||||||||
Fixed charges |
$ | 19,948 | $ | 35,813 | $ | 37,226 | $ | 23,238 | ||||||||
Ratio of earnings to fixed charges |
(b) | (b) | (b) | 3.0 | ||||||||||||
| a) | Ratio is less than one; earnings are inadequate to cover fixed charges. The dollar amount of the coverage deficiency for the fiscal year ended December 31, 2009 was $65.1 million. | |
| b) | Ratio was less than 1.0; the coverage deficiency was $46.6 million for the 267 day period ended September 24, 2009, and $108.7 million and $102.7 million for the fiscal years ended December 31, 2008 and 2007 respectively. | |
| c) | “Fixed charges” consist of interest expensed and capitalized and an estimate of the interest within rental expense. |