Attached files
file | filename |
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EXCEL - IDEA: XBRL DOCUMENT - Resolute Energy Corp | Financial_Report.xls |
EX-21 - EX-21 - Resolute Energy Corp | ren-ex21_2014123111.htm |
EX-31.2 - EX-31.2 - Resolute Energy Corp | ren-ex312_201412317.htm |
EX-32 - EX-32 - Resolute Energy Corp | ren-ex32_201412316.htm |
EX-23.2 - EX-23.2 - Resolute Energy Corp | ren-ex232_201412319.htm |
EX-31.1 - EX-31.1 - Resolute Energy Corp | ren-ex311_201412318.htm |
EX-99.1 - EX-99.1 - Resolute Energy Corp | ren-ex991_20141231519.htm |
10-K - 10-K - Resolute Energy Corp | ren-10k_20141231.htm |
EX-23.1 - EX-23.1 - Resolute Energy Corp | ren-ex231_2014123110.htm |
Exhibit 12.1
Computation of Ratio of Earning to Fixed Charges
Resolute Energy Corporation
Ratio of Earning to Fixed Charges
(in thousands)
|
|
Year Ended December 31, |
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2014 |
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2013 |
|
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2012 |
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2011 |
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2010 |
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Earnings: |
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|
|
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|
|
|
|
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|
|
|
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|
|
|
|
|
|
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Income (loss) before income taxes |
|
|
(25,990 |
) |
|
|
(178,485 |
) |
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|
29,857 |
|
|
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48,355 |
|
|
|
8,574 |
|
Fixed charges, excluding capitalized interest |
|
|
35,845 |
|
|
|
33,499 |
|
|
|
18,758 |
|
|
|
6,012 |
|
|
|
6,905 |
|
Earnings |
|
|
9,855 |
|
|
|
(144,986 |
) |
|
|
48,615 |
|
|
|
54,367 |
|
|
|
15,479 |
|
Fixed charges: |
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|
|
|
|
|
|
|
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|
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Interest expense, including capitalized interest |
|
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46,429 |
|
|
|
47,832 |
|
|
|
22,094 |
|
|
|
5,145 |
|
|
|
5,317 |
|
Estimate of interest within rental expense |
|
|
4,356 |
|
|
|
4,198 |
|
|
|
3,235 |
|
|
|
2,167 |
|
|
|
2,047 |
|
Fixed charges |
|
|
50,785 |
|
|
|
52,030 |
|
|
|
25,329 |
|
|
|
7,312 |
|
|
|
7,364 |
|
Ratio of earnings to fixed charges |
|
(a) |
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(a) |
|
|
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1.9 |
|
|
|
7.4 |
|
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2.1 |
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(a) |
Ratio is less than one; earnings are inadequate to cover fixed charges. The dollar amount of the coverage deficiency was $40.9 million and $197.0 million for the years ended December 31, 2014 and December 31, 2013, respectively. |