Verso Corp - FORM 10-K - EX-12 - COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES - April 14, 2016

Attached files

file filename
10-K - 10-K - Verso Corpvrs12312015-10k.htm
EX-21 - SUBSIDIARIES OF VERSO CORPORATION - Verso Corpexhibit2112312015.htm
EX-32.1 - CERTIFICATION OF PRINCIPAL EXECUTIVE OFFICER OF VERSO CORPORATION - Verso Corpexhibit32112312015.htm
EX-23.1 - CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM - Verso Corpexhibit23112312015.htm
EX-32.3 - CERTIFICATION OF PRINCIPAL EXECUTIVE OFFICER OF VERSO PAPER HOLDINGS LLC - Verso Corpexhibit32312312015.htm
EX-31.2 - CERTIFICATION OF PRINCIPAL FINANCIAL OFFICER OF VERSO CORPORATION - Verso Corpexhibit31212312015.htm
EX-32.4 - CERTIFICATION OF PRINCIPAL FINANCIAL OFFICER OF VERSO PAPER HOLDINGS LLC - Verso Corpexhibit32412312015.htm
EX-31.3 - CERTIFICATION OF PRINCIPAL EXECUTIVE OFFICER OF VERSO PAPER HOLDINGS LLC - Verso Corpexhibit31312312015.htm
EX-32.2 - CERTIFICATION OF PRINCIPAL FINANCIAL OFFICER OF VERSO CORPORATION - Verso Corpexhibit32212312015.htm
EX-31.1 - CERTIFICATION OF PRINCIPAL EXECUTIVE OFFICER OF VERSO CORPORATION - Verso Corpexhibit31112312015.htm
EX-31.4 - CERTIFICATION OF PRINCIPAL FINANCIAL OFFICER OF VERSO PAPER HOLDINGS LLC - Verso Corpexhibit31412312015.htm
EX-10.37 - FIRST AMENDMENT TO THE SUPERPRIORITY SECURED DEBTOR-IN-POSSESSION CREDIT AGREEME - Verso Corpexhibit103712312015.htm


EXHIBIT 12
 
VERSO PAPER HOLDINGS LLC
RATIO OF EARNINGS TO FIXED CHARGES
(Unaudited)
 
 
 
 
 
 
 
 
 
 
 
Year Ended December 31,
(Dollars in millions)
2015
 
2014
 
2013
 
2012
 
2011
Earnings (Loss):
 
 
 
 
 
 
 
 
 
Net loss
$
(422
)
 
$
(356
)
 
$
(111
)
 
$
(166
)
 
$
(123
)
Amortization of capitalized interest
1

 
1

 
—

 
—

 
—

Capitalized interest
(2
)
 
(2
)
 
(1
)
 
(3
)
 
(3
)
Fixed charges (below)
279

 
148

 
143

 
134

 
128

Loss adjusted for fixed charges
$
(144
)
 
$
(209
)
 
$
31

 
$
(35
)
 
$
2

Fixed charges:
 
 
 
 
 
 
 
 
 
Interest expense
$
272

 
$
144

 
$
139

 
$
128

 
$
122

Capitalized interest
2

 
2

 
1

 
3

 
3

Portion of rent expense representative of interest
5

 
2

 
3

 
$
3

 
3

Total fixed charges
$
279

 
$
148

 
$
143

 
$
134

 
$
128

Coverage deficiency
$
423

 
$
357

 
$
112

 
$
169

 
$
126



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