Attached files
| file | filename |
|---|---|
| EX-99.1 - EX-99.1 - Amplify Energy Corp. | a2231529zex-99_1.htm |
| EX-32.2 - EX-32.2 - Amplify Energy Corp. | a2231529zex-32_2.htm |
| EX-32.1 - EX-32.1 - Amplify Energy Corp. | a2231529zex-32_1.htm |
| EX-31.2 - EX-31.2 - Amplify Energy Corp. | a2231529zex-31_2.htm |
| EX-31.1 - EX-31.1 - Amplify Energy Corp. | a2231529zex-31_1.htm |
| EX-23.4 - EX-23.4 - Amplify Energy Corp. | a2231529zex-23_4.htm |
| EX-23.3 - EX-23.3 - Amplify Energy Corp. | a2231529zex-23_3.htm |
| EX-23.2 - EX-23.2 - Amplify Energy Corp. | a2231529zex-23_2.htm |
| EX-23.1 - EX-23.1 - Amplify Energy Corp. | a2231529zex-23_1.htm |
| EX-21.1 - EX-21.1 - Amplify Energy Corp. | a2231529zex-21_1.htm |
| 10-K - 10-K - Amplify Energy Corp. | a2231529z10-k.htm |
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MIDSTATES PETROLEUM COMPANY, INC.
RATIO OF EARNINGS TO FIXED CHARGES AND TO COMBINED FIXED CHARGES AND
PREFERRED DIVIDENDS
(In thousands, except ratios)
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Successor |
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Predecessor | ||||||||||||||||||
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For the Period October 21, 2016 through December 31, 2016 |
For the Period January 1, 2016 through October 20, 2016 |
Year Ended December 31, | ||||||||||||||||||
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2015 | 2014 | 2013 | 2012 | |||||||||||||||||
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Earnings available before fixed charges: |
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Pre-tax income (loss) |
$ | 9,930 | $ | 1,323,079 | $ | (1,806,836 | ) | $ | 123,324 | $ | (490,514 | ) | $ | 7,789 | |||||||
Interest expense (Predecessor Period excludes interest expense of $89.5 million on senior and secured notes) |
1,409 | 61,773 | 151,832 | 129,691 | 77,179 | 11,711 | |||||||||||||||
Amortization of capitalized interest |
15 | — | 23,960 | 4,961 | 10,683 | 1,050 | |||||||||||||||
Loan cost amortization |
63 | 4,587 | 11,316 | 7,857 | 5,960 | 1,529 | |||||||||||||||
Portion of rental expense which represents interest factor |
41 | 699 | 699 | 698 | 497 | 340 | |||||||||||||||
Total earnings available for fixed charges |
$ | 11,458 | $ | 1,390,138 | $ | (1,619,029 | ) | $ | 266,531 | $ | (396,195 | ) | $ | 22,419 | |||||||
Interest expense (Predecessor Period excludes interest expense of $89.5 million on senior and secured notes) |
$ | 1,409 | $ | 61,773 | $ | 151,832 | $ | 129,691 | $ | 77,179 | $ | 11,711 | |||||||||
Capitalized interest |
728 | — | 4,859 | 12,415 | 32,245 | 11,175 | |||||||||||||||
Loan cost amortization |
63 | 4,587 | 11,316 | 7,857 | 5,960 | 1,529 | |||||||||||||||
Portion of rental expense which represents interest factor |
41 | 699 | 699 | 698 | 497 | 340 | |||||||||||||||
Total fixed charges |
$ | 2,241 | $ | 67,059 | $ | 168,706 | $ | 150,661 | $ | 115,881 | $ | 24,755 | |||||||||
Ratio of earnings to fixed charges |
5.1x | 20.7x | — | 1.8x | — | — | |||||||||||||||
Insufficient coverage |
$ | — | $ | — | $ | 1,787,735 | $ | — | $ | 512,076 | $ | 2,336 | |||||||||
Total fixed charges |
$ | 2,241 | $ | 67,059 | $ | 168,706 | $ | 150,661 | $ | 115,881 | $ | 24,755 | |||||||||
Pre-tax preferred dividends(1) |
— | — | 23,545 | 30,863 | 38,588 | 10,844 | |||||||||||||||
Total fixed charges plus preferred dividends |
$ | 2,241 | $ | 67,059 | $ | 192,251 | $ | 181,524 | $ | 154,469 | $ | 35,599 | |||||||||
Ratio of earnings to combined fixed charges and preferred dividends |
5.1x | 20.7x | — | 1.5x | — | — | |||||||||||||||
Insufficient coverage |
$ | — | $ | — | $ | 1,811,280 | $ | — | $ | 550,664 | $ | 13,180 | |||||||||
- (1)
- Prior to October 1, 2012, the Company did not have any preferred stock outstanding. Preferred dividends shown herein relate to the Company's Series A Mandatorily Convertible Preferred Stock ("Series A Preferred Stock") issued on October 1, 2012, which allows, at the Company's option, for the 8% annual dividend payment to be made either in cash or through an adjustment to the Series A Preferred Stock liquidation preference. Pre-tax preferred stock dividend amounts for the years ended December 31, 2015, 2014, 2013 and 2012 were calculated utilizing the Company's effective tax rate for the applicable periods (0.5%, 5.2%, 29.9% and 40.1%, respectively) and represent the notional dividend amount as though paid in cash, rather than through an adjustment to the Series A Preferred Stock liquidation preference. On September 30, 2015, the Series A Preferred Stock converted into 3,738,424 shares of common stock.
MIDSTATES PETROLEUM COMPANY, INC. RATIO OF EARNINGS TO FIXED CHARGES AND TO COMBINED FIXED CHARGES AND PREFERRED DIVIDENDS (In thousands, except ratios)