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10-Q - FORM 10-Q - ARCH COAL INCc63924e10vq.htm
EX-32.1 - EX-32.1 - ARCH COAL INCc63924exv32w1.htm
EX-31.2 - EX-31.2 - ARCH COAL INCc63924exv31w2.htm
EX-32.2 - EX-32.2 - ARCH COAL INCc63924exv32w2.htm
EX-31.1 - EX-31.1 - ARCH COAL INCc63924exv31w1.htm
EXCEL - IDEA: XBRL DOCUMENT - ARCH COAL INCFinancial_Report.xls
Exhibit 12.1
Computation of Ratio of Earnings to Combined Fixed Charges and Preference Dividends
                 
    Three Months Ended March 31  
    2011     2010  
Earnings:
               
Pretax income (loss) excluding income or loss from equity investments
  $ 65,624     $ (4,183 )
Adjustments:
               
Fixed charges
    37,188       37,775  
Distributed income from equity investments
    1,814        
Capitalized interest, net of amortization
    876       1,048  
Arch Western Resources, LLC dividends on preferred membership interest
    (29 )     (35 )
 
           
Total earnings
  $ 105,473     $ 34,605  
 
           
 
               
Fixed charges:
               
Interest expense
  $ 34,580     $ 35,083  
Capitalized interest
           
Arch Western Resources, LLC dividends on preferred membership interest
    29       35  
Portions of rent which represent an interest factor
    2,579       2,657  
 
           
Total fixed charges
  $ 37,188     $ 37,775  
Total fixed charges and preferred stock dividends
  $ 37,188     $ 37,775  
 
           
 
               
Ratio of earnings to combined fixed charges and preference dividends
    2.84 x     0.92 x
 
           
Earnings consist of income from operations before income taxes and are adjusted to include only distributed income from affiliates accounted for on the equity method and fixed charges (excluding capitalized interest). Fixed charges consist of interest incurred on indebtedness, the portion of operating lease rentals deemed representative of the interest factor and the amortization of debt expense.