Attached files
| file | filename |
|---|---|
| 10-K - 10-K - GOODRICH PETROLEUM CORP | gdp-10k_20151231.htm |
| EX-32.1 - EX-32.1 - GOODRICH PETROLEUM CORP | gdp-ex321_9.htm |
| EX-32.2 - EX-32.2 - GOODRICH PETROLEUM CORP | gdp-ex322_8.htm |
| EX-31.2 - EX-31.2 - GOODRICH PETROLEUM CORP | gdp-ex312_6.htm |
| EX-23.3 - EX-23.3 - GOODRICH PETROLEUM CORP | gdp-ex233_12.htm |
| EX-31.1 - EX-31.1 - GOODRICH PETROLEUM CORP | gdp-ex311_16.htm |
| EX-23.2 - EX-23.2 - GOODRICH PETROLEUM CORP | gdp-ex232_17.htm |
| EX-23.1 - EX-23.1 - GOODRICH PETROLEUM CORP | gdp-ex231_14.htm |
| EX-12.2 - EX-12.2 - GOODRICH PETROLEUM CORP | gdp-ex122_13.htm |
| EX-99.2 - EX-99.2 - GOODRICH PETROLEUM CORP | gdp-ex992_601.htm |
| EX-99.1 - EX-99.1 - GOODRICH PETROLEUM CORP | gdp-ex991_649.htm |
| EX-10.33 - EX-10.33 - GOODRICH PETROLEUM CORP | gdp-ex1033_2101.htm |
Exhibit 12.1
GOODRICH PETROLEUM CORPORATION
RATIO OF EARNINGS TO FIXED CHARGES
(In Thousands, Except Ratios)
|
|
|
Year ended December 31, |
|
|||||||||||||||||
|
|
|
2015 |
|
|
2014 |
|
|
2013 |
|
|
2012 |
|
|
2011 |
|
|||||
|
Earnings: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income (loss) before income taxes |
|
$ |
(479,424 |
) |
|
$ |
(353,136 |
) |
|
$ |
(95,186 |
) |
|
$ |
(84,202 |
) |
|
$ |
(31,758 |
) |
|
Plus: fixed charges |
|
|
54,807 |
|
|
|
47,829 |
|
|
|
51,187 |
|
|
|
52,403 |
|
|
|
49,351 |
|
|
Earnings available for fixed charges |
|
$ |
(424,617 |
) |
|
$ |
(305,307 |
) |
|
$ |
(43,999 |
) |
|
$ |
(31,799 |
) |
|
$ |
17,593 |
|
|
Fixed Charges: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest expense |
|
$ |
54,807 |
|
|
$ |
47,829 |
|
|
$ |
51,187 |
|
|
$ |
52,403 |
|
|
$ |
49,351 |
|
|
Total fixed charges |
|
$ |
54,807 |
|
|
$ |
47,829 |
|
|
$ |
51,187 |
|
|
$ |
52,403 |
|
|
$ |
49,351 |
|
|
Ratio of Earnings to Fixed Charges |
|
(a) |
|
|
(b) |
|
|
(c) |
|
|
(d) |
|
|
(e) |
|
|||||
|
|
|
(a) |
Earnings for the year ended December 31, 2015 were inadequate to cover fixed charges. The coverage deficiency was $479.4 million. |
|
(b) |
Earnings for the year ended December 31, 2014 were inadequate to cover fixed charges. The coverage deficiency was $353.1 million. |
|
(c) |
Earnings for the year ended December 31, 2013 were inadequate to cover fixed charges. The coverage deficiency was $95.2 million. |
|
(d) |
Earnings for the year ended December 31, 2012 were inadequate to cover fixed charges. The coverage deficiency was $84.2 million. |
|
(e) |
Earnings for the year ended December 31, 2011 were inadequate to cover fixed charges. The coverage deficiency was $31.8 million. |