Attached files
Exhibit 12.2
Alpha Natural Resources, Inc. and Subsidiaries
Computation of Other Ratios
As of March 31, 2015
(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 | $ | 21,701 | ||
Adjusted EBITDA (1) | $ | 263,679 | ||
Total senior secured debt less unrestricted cash to Adjusted EBITDA ratio | 0.08 | |||
(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 March 31, 2015.
Coal sales realization per ton: Coal sales realization per ton is defined as coal revenues divided by tons sold.
Three Months Ended March 31, | ||||||||
2015 | 2014 | |||||||
Revenues: | ||||||||
Coal revenues: | ||||||||
Eastern steam | $ | 301,042 | $ | 441,861 | ||||
Western steam | 115,687 | 115,785 | ||||||
Metallurgical | 309,338 | 395,174 | ||||||
Total | $ | 726,067 | $ | 952,820 | ||||
Tons sold: | ||||||||
Eastern steam | 5,454 | 7,585 | ||||||
Western steam | 10,019 | 9,447 | ||||||
Metallurgical | 4,030 | 4,391 | ||||||
Total | 19,503 | 21,423 | ||||||
Coal sales realization per ton: | ||||||||
Eastern steam | $ | 55.20 | $ | 58.25 | ||||
Western steam | $ | 11.55 | $ | 12.26 | ||||
Metallurgical | $ | 76.75 | $ | 89.99 | ||||
Average | $ | 37.23 | $ | 44.48 | ||||