Attached files
| file | filename |
|---|---|
| 10-K - 10-K - ARCH RESOURCES, INC. | a15-23239_210k.htm |
| EX-95 - EX-95 - ARCH RESOURCES, INC. | a15-23239_2ex95.htm |
| EX-24.1 - EX-24.1 - ARCH RESOURCES, INC. | a15-23239_2ex24d1.htm |
| EX-32.2 - EX-32.2 - ARCH RESOURCES, INC. | a15-23239_2ex32d2.htm |
| EX-32.1 - EX-32.1 - ARCH RESOURCES, INC. | a15-23239_2ex32d1.htm |
| EX-31.2 - EX-31.2 - ARCH RESOURCES, INC. | a15-23239_2ex31d2.htm |
| EX-21.1 - EX-21.1 - ARCH RESOURCES, INC. | a15-23239_2ex21d1.htm |
| EX-31.1 - EX-31.1 - ARCH RESOURCES, INC. | a15-23239_2ex31d1.htm |
| EX-23.1 - EX-23.1 - ARCH RESOURCES, INC. | a15-23239_2ex23d1.htm |
| EX-10.57 - EX-10.57 - ARCH RESOURCES, INC. | a15-23239_2ex10d57.htm |
| EX-10.56 - EX-10.56 - ARCH RESOURCES, INC. | a15-23239_2ex10d56.htm |
| EX-10.53 - EX-10.53 - ARCH RESOURCES, INC. | a15-23239_2ex10d53.htm |
| EX-10.54 - EX-10.54 - ARCH RESOURCES, INC. | a15-23239_2ex10d54.htm |
| EX-23.2 - EX-23.2 - ARCH RESOURCES, INC. | a15-23239_2ex23d2.htm |
Exhibit 12.1
Computation of Ratio of Earnings to Combined Fixed Charges and Preference Dividends
|
|
|
Year Ended December 31, |
| |||||||||||||
|
|
|
2015 |
|
2014 |
|
2013 |
|
2012 |
|
2011 |
| |||||
|
|
|
|
|
|
|
|
|
|
|
|
| |||||
|
Income (loss) from continuing operations excluding income or loss from equity investments |
|
$ |
(3,294,376 |
) |
$ |
(543,051 |
) |
$ |
(1,089,023 |
) |
$ |
(1,102,837 |
) |
$ |
52,824 |
|
|
Adjustments: |
|
|
|
|
|
|
|
|
|
|
| |||||
|
Fixed charges |
|
407,081 |
|
404,514 |
|
450,743 |
|
367,238 |
|
294,484 |
| |||||
|
Distributed income from equity investments |
|
29,862 |
|
12,603 |
|
13,536 |
|
5,342 |
|
19,360 |
| |||||
|
Capitalized interest, net of amortization |
|
4,476 |
|
5,078 |
|
(13,518 |
) |
19,163 |
|
2,113 |
| |||||
|
Arch Western Resources, LLC dividends on preferred membership interest |
|
— |
|
— |
|
— |
|
(72 |
) |
(91 |
) | |||||
|
Total loss |
|
$ |
(2,852,957 |
) |
$ |
(120,856 |
) |
$ |
(638,262 |
) |
$ |
(711,166 |
) |
$ |
368,690 |
|
|
Fixed charges: |
|
|
|
|
|
|
|
|
|
|
| |||||
|
Interest expense |
|
$ |
397,979 |
|
$ |
390,946 |
|
$ |
381,268 |
|
$ |
317,615 |
|
$ |
230,186 |
|
|
Capitalized interest |
|
9 |
|
— |
|
15,918 |
|
15,625 |
|
1,937 |
| |||||
|
Costs of debt retirement and write-off of related capitalized financing costs |
|
— |
|
— |
|
42,921 |
|
23,668 |
|
51,448 |
| |||||
|
Arch Western Resources, LLC dividends on preferred membership interest |
|
— |
|
— |
|
— |
|
72 |
|
91 |
| |||||
|
Portions of rent which represent an interest factor |
|
9,093 |
|
13,568 |
|
10,636 |
|
10,258 |
|
10,822 |
| |||||
|
Total fixed charges |
|
$ |
407,081 |
|
$ |
404,514 |
|
$ |
450,743 |
|
$ |
367,238 |
|
$ |
294,484 |
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||
|
Ratio of earnings to fixed charges |
|
N/A |
|
N/A |
|
N/A |
|
N/A |
|
1.25 |
x | |||||
Total loss consists of loss from continuing operations before income taxes and are adjusted to include only distributed income from affiliates accounted for on the equity method and fixed charges (excluding capitalized interest). Fixed charges consist of interest incurred on indebtedness, the portion of operating lease rentals deemed representative of the interest factor and the amortization of debt expense.