Verso Corp - FORM 10-Q - EX-12 - COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES - August 14, 2014

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EXCEL - IDEA: XBRL DOCUMENT - Verso CorpFinancial_Report.xls
EX-32.3 - CERTIFICATION OF PRINCIPAL EXECUTIVE OFFICER OF VERSO PAPER HOLDINGS LLC - Verso Corpexhibit3236302014.htm
EX-31.4 - CERTIFICATION OF PRINCIPAL FINANCIAL OFFICER OF VERSO PAPER HOLDINGS LLC - Verso Corpexhibit3146302014.htm
EX-31.1 - CERTIFICATION OF PRINCIPAL EXECUTIVE OFFICER OF VERSO PAPER CORP. - Verso Corpexhibit3116302014.htm
EX-31.3 - CERTIFICATION OF PRINCIPAL EXECUTIVE OFFICER OF VERSO PAPER HOLDINGS LLC - Verso Corpexhibit3136302014.htm
EX-31.2 - CERTIFICATION OF PRINCIPAL FINANCIAL OFFICER OF VERSO PAPER CORP. - Verso Corpexhibit3126302014.htm
EX-32.2 - CERTIFICATION OF PRINCIPAL FINANCIAL OFFICER OF VERSO PAPER CORP. - Verso Corpexhibit3226302014.htm
EX-32.1 - CERTIFICATION OF PRINCIPAL EXECUTIVE OFFICER OF VERSO PAPER CORP. - Verso Corpexhibit3216302014.htm
10-Q - 10-Q - Verso Corpvrs6302014q2.htm
EX-32.4 - CERTIFICATION OF PRINCIPAL FINANCIAL OFFICER OF VERSO PAPER HOLDINGS LLC - Verso Corpexhibit3246302014.htm


EXHIBIT 12
 
VERSO PAPER HOLDINGS LLC
RATIO OF EARNINGS TO FIXED CHARGES
(Unaudited)
 
 
 
 
 
Three Months Ended
 
Six Months Ended
 
June 30,
 
June 30,
(Dollars in thousands)
2014
 
2013
 
2014
 
2013
Earnings (Loss):
 
 
 
 
 
 
 
Net loss
$
(42,830
)
 
$
(43,039
)
 
$
(133,431
)
 
$
(80,808
)
Amortization of capitalized interest
149

 
135

 
290

 
269

Capitalized interest
(651
)
 
(280
)
 
(1,220
)
 
(322
)
Fixed charges (below)
37,284

 
35,827

 
73,309

 
71,032

Loss adjusted for fixed charges
$
(6,048
)
 
$
(7,357
)
 
$
(61,052
)
 
$
(9,829
)
Fixed charges:
 

 
 

 
 
 
 
Interest expense
$
36,054

 
$
34,819

 
$
70,910

 
$
69,258

Capitalized interest
651

 
280

 
1,220

 
322

Portion of rent expense representative of interest
579

 
728

 
1,179

 
1,452

Total fixed charges
$
37,284

 
$
35,827

 
$
73,309

 
$
71,032

Coverage deficiency
$
43,332

 
$
43,184

 
$
134,361

 
$
80,861



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