Attached files
| file | filename |
|---|---|
| 10-K - 10-K - Resolute Energy Corp | ren-10k_20151231.htm |
| EX-31.1 - EX-31.1 - Resolute Energy Corp | ren-ex311_11.htm |
| EX-99.1 - EX-99.1 - Resolute Energy Corp | ren-ex991_1203.htm |
| EX-21 - EX-21 - Resolute Energy Corp | ren-ex21_10.htm |
| EX-23.2 - EX-23.2 - Resolute Energy Corp | ren-ex232_7.htm |
| EX-31.2 - EX-31.2 - Resolute Energy Corp | ren-ex312_8.htm |
| EX-23.1 - EX-23.1 - Resolute Energy Corp | ren-ex231_13.htm |
| EX-10.33 - EX-10.33 - Resolute Energy Corp | ren-ex1033_1112.htm |
| EX-32 - EX-32 - Resolute Energy Corp | ren-ex32_9.htm |
| EX-10.34 - EX-10.34 - Resolute Energy Corp | ren-ex1034_1111.htm |
Exhibit 12.1
Computation of Ratio of Earning to Fixed Charges
Resolute Energy Corporation
Ratio of Earning to Fixed Charges
(in thousands)
|
|
|
Years Ended December 31, |
|
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|
|
|
2015 |
|
|
2014 |
|
|
2013 |
|
|
2012 |
|
|
2011 |
|
|||||
|
Earnings: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income (loss) before income taxes |
|
|
(764,633 |
) |
|
|
(25,990 |
) |
|
|
(178,485 |
) |
|
|
29,857 |
|
|
|
48,355 |
|
|
Fixed charges, excluding capitalized interest |
|
|
67,384 |
|
|
|
35,845 |
|
|
|
33,499 |
|
|
|
18,758 |
|
|
|
6,012 |
|
|
Earnings |
|
|
(697,249 |
) |
|
|
9,855 |
|
|
|
(144,986 |
) |
|
|
48,615 |
|
|
|
54,367 |
|
|
Fixed charges: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest expense, including capitalized interest |
|
|
70,345 |
|
|
|
46,429 |
|
|
|
47,832 |
|
|
|
22,094 |
|
|
|
5,145 |
|
|
Estimate of interest within rental expense |
|
|
3,026 |
|
|
|
4,356 |
|
|
|
4,198 |
|
|
|
3,235 |
|
|
|
2,167 |
|
|
Fixed charges |
|
|
73,371 |
|
|
|
50,785 |
|
|
|
52,030 |
|
|
|
25,329 |
|
|
|
7,312 |
|
|
Ratio of earnings to fixed charges |
|
(a) |
|
|
(a) |
|
|
(a) |
|
|
|
1.9 |
|
|
|
7.4 |
|
|||
|
|
|
(a) |
Ratio is less than one; earnings are inadequate to cover fixed charges. The dollar amount of the coverage deficiency was $770.6 million, $40.9 million and $197 million for the years ended December 31, 2015, December 31, 2014 and December 31, 2013, respectively. |