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 March 31, | ||||||||
2015 | 2014 | |||||||
Earnings: | ||||||||
Income (loss) before income taxes | $ | 73,200 | $ | (9,140 | ) | |||
Adjustments: | ||||||||
Fixed charges | 442,248 | 65,757 | ||||||
Income (loss) from equity investees | (907 | ) | 135 | |||||
Amortization of capitalized interest | 69 | 215 | ||||||
Capitalized interest | — | — | ||||||
$ | 514,610 | $ | 56,967 | |||||
Fixed Charges: | ||||||||
Interest expense | $ | 76,706 | $ | 64,962 | ||||
Gain (loss) on early extinguishment of debt | 364,153 | (1,804 | ) | |||||
Portion of rental expense representative of interest | 1,389 | 2,599 | ||||||
Capitalized interest | — | — | ||||||
$ | 442,248 | $ | 65,757 | |||||
Ratio of earnings to fixed charges | 1.16 | N/A(1) |
(1) | The ratio of earnings to fixed charges was less than one-to-one for the three months ended March 31, 2014. Additional earnings of $8,790 would be needed to have a one-to-one ratio of earnings to fixed charges. |