Attached files
Exhibit 12.1
Alpha Natural Resources, Inc. and Subsidiaries
Computation of Ratio of Earnings to Fixed Charges
(Amounts in thousands except ratio)
Three Months Ended June 30, |
Six Months Ended June 30, |
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2011 | 2010 | 2011 | 2010 | |||||||||||||
Earnings: |
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Income (loss) from continuing operations before income taxes |
$ | (65,846 | ) | $ | 34,254 | $ | (2,031 | ) | $ | 70,202 | ||||||
Adjustments: |
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Fixed charges |
38,616 | 21,593 | 55,948 | 45,246 | ||||||||||||
Income (loss) from equity investees |
(61 | ) | 436 | 525 | 758 | |||||||||||
Amortization of capitalized interest |
27 | 21 | 52 | 56 | ||||||||||||
Capitalized interest |
| (226 | ) | (118 | ) | (341 | ) | |||||||||
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$ | (27,264 | ) | $ | 56,078 | $ | 54,376 | $ | 115,921 | ||||||||
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Fixed Charges: |
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Interest expense |
$ | 29,859 | $ | 18,504 | $ | 45,469 | $ | 40,624 | ||||||||
Loss on early extinguishment of debt |
4,556 | 1,349 | 4,556 | 1,349 | ||||||||||||
Portion of rental expense representative of interest |
4,201 | 1,514 | 5,805 | 2,932 | ||||||||||||
Capitalized interest |
| 226 | 118 | 341 | ||||||||||||
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$ | 38,616 | $ | 21,593 | $ | 55,948 | $ | 45,246 | |||||||||
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Ratio of earnings to fixed charges |
| 2.60 | 0.97 | 2.56 | ||||||||||||
Deficiency amount |
$ | (27,264 | ) | $ | | $ | | $ | |