Alpha Natural Resources, Inc. - FORM 10-Q - EX-12.2 - COMPUTATION OF OTHER RATIOS - November 6, 2014

Attached files

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EXCEL - IDEA: XBRL DOCUMENT - Alpha Natural Resources, Inc.Financial_Report.xls
EX-10.3 - CONSULTING AGREEMENT, DATED SEPTEMBER 1, 2014 - Alpha Natural Resources, Inc.anr-2014930x10qexhibit103.htm
EX-32.B - CERTIFICATION PURSUANT TO 18 U.S.C. 1350 - Alpha Natural Resources, Inc.anr-2014930x10qexhibit32b.htm
EX-95 - MINE SAFETY DISCLOSURE EXHIBIT - Alpha Natural Resources, Inc.anr-2014930x10qexhibit95.htm
EX-32.A - CERTIFICATION PURSUANT TO 18 U.S.C. 1350 - Alpha Natural Resources, Inc.anr-2014930x10qexhibit32a.htm
EX-31.A - CERTIFICATION PURSUANT TO RULE 13A-14(A) UNDER THE SECURITIES EXCHANGE ACT - Alpha Natural Resources, Inc.anr-2014930x10qexhibit31a.htm
EX-10.1 - GENERAL RELEASE AND NON-DISPARAGEMENT, DATED JULY 18, 2014 - Alpha Natural Resources, Inc.anr-2014930x10qexhibit101.htm
EX-10.2 - GENERAL RELEASE, DATED SEPTEMBER 1, 2014 - Alpha Natural Resources, Inc.anr-2014930x10qexhibit102.htm
EX-12.1 - COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES - Alpha Natural Resources, Inc.anr-201493010qexhibit121.htm
EX-31.B - CERTIFICATION PURSUANT TO RULE 13A-14(A) UNDER THE SECURITIES EXCHANGE ACT - Alpha Natural Resources, Inc.anr-2014930x10qexhibit31b.htm
10-Q - 10-Q - Alpha Natural Resources, Inc.anr-2014930x10q.htm


Exhibit 12.2

Alpha Natural Resources, Inc. and Subsidiaries
Computation of Other Ratios
As of September 30, 2014
(Amounts in thousands except ratios)

Total Senior Secured Debt less Unrestricted Cash to Adjusted EBITDA Ratio: The total senior secured debt to Adjusted EBITDA ratio is defined as consolidated senior secured debt less unrestricted cash divided by Adjusted EBITDA. The deduction for unrestricted cash is limited to $700 million of cash and marketable securities other than shares of Rice Energy.

Total senior secured debt less unrestricted cash
 
$
(84,375
)
 
 
 
Adjusted EBITDA (1)
 
$
534,307

 
 
 
Total senior secured debt less unrestricted cash to Adjusted EBITDA ratio
 
(0.16
)


(1) Adjusted EBITDA is defined and calculated in “Management's Discussion and Analysis of Financial Condition and Results of Operations-Analysis of Material Debt Covenants” in this Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2014.





Coal sales realization per ton: Coal sales realization per ton is defined as coal revenues divided by tons sold.

 
 
Three Months Ended
September 30,
 
Nine Months Ended
September 30,
 
 
2014
 
2013
 
2014
 
2013
 
 
 
 
 
Revenues:
 
 
 
 
 
 
 
 
Coal revenues:
 
 
 
 
 
 
 
 
Eastern steam
 
$
417,759

 
$
425,097

 
$
1,297,764

 
$
1,361,387

Western steam
 
109,602

 
126,865

 
318,778

 
365,188

Metallurgical
 
393,472

 
476,885

 
1,176,364

 
1,565,837

Total
 
$
920,833

 
$
1,028,847

 
$
2,792,906

 
$
3,292,412

 
 
 
 
 
 
 
 
 
Tons sold:
 
 
 
 
 
 
 
 
Eastern steam
 
7,183

 
6,726

 
22,254

 
21,779

Western steam
 
9,280

 
10,087

 
26,635

 
28,825

Metallurgical
 
4,773

 
5,034

 
13,656

 
15,705

Total
 
21,236

 
21,847

 
62,545

 
66,309

 
 
 
 
 
 
 
 
 
Coal sales realization per ton:
 
 
 
 
 
 
 
 
Eastern steam
 
$
58.16

 
$
63.21

 
$
58.32

 
$
62.51

Western steam
 
$
11.81

 
$
12.58

 
$
11.97

 
$
12.67

Metallurgical
 
$
82.45

 
$
94.73

 
$
86.14

 
$
99.70

Average
 
$
43.36

 
$
47.09

 
$
44.65

 
$
49.65




Alpha Natural Resources, Inc. Reports