Attached files
| file | filename |
|---|---|
| EX-3.1.1 - CHESAPEAKE'S RESTATED CERTIFICATION OF INCORPORATION - CHESAPEAKE ENERGY CORP | chk-ex_311ax20170630x10q.htm |
| EX-32.2 - CHIEF FINANCIAL OFFICER CERTIFICATION PURSUANT TO SECTION 906 - CHESAPEAKE ENERGY CORP | chk-ex_322x20170630x10q.htm |
| EX-32.1 - CHIEF EXECUTIVE OFFICER CERTIFICATION PURSUANT TO SECTION 906 - CHESAPEAKE ENERGY CORP | chk-ex_321x20170630x10q.htm |
| EX-31.2 - CHIEF FINANCIAL OFFICER CERTIFICATION PURSUANT TO SECTION 302 - CHESAPEAKE ENERGY CORP | chk-ex_312x20170630x10q.htm |
| EX-31.1 - CHIEF EXECUTIVE OFFICER CERTIFICATION PURSUANT TO SECTION 302 - CHESAPEAKE ENERGY CORP | chk-ex_311x20170630x10q.htm |
| EX-10.1 - AMENDED AND RESTATED 2014 LONG TERM INCENTIVE PLAN - CHESAPEAKE ENERGY CORP | chk-ex_101x20170630x10q.htm |
| 10-Q - 10-Q - CHESAPEAKE ENERGY CORP | chk-20170630_10q.htm |
EXHIBIT 12 | ||
CHESAPEAKE ENERGY CORPORATION AND SUBSIDIARIES
RATIOS OF EARNINGS TO FIXED CHARGES AND COMBINED FIXED CHARGES
AND PREFERRED DIVIDENDS
Years Ended December 31, | Six Months Ended June 30, | |||||||||||||||||||||||
2012 | 2013 | 2014 | 2015 | 2016 | 2017 | |||||||||||||||||||
EARNINGS (LOSS): | ||||||||||||||||||||||||
Income (loss) before income taxes and cumulative effect of accounting change | $ | (974 | ) | $ | 1,442 | $ | 3,200 | $ | (19,098 | ) | $ | (4,589 | ) | $ | 638 | |||||||||
Interest expense(a) | 142 | 207 | 172 | 322 | 275 | 186 | ||||||||||||||||||
Loss on investment in equity investees in excess of distributed earnings | 108 | 219 | 75 | 96 | 8 | — | ||||||||||||||||||
Amortization of capitalized interest | 402 | 440 | 438 | 483 | 729 | 240 | ||||||||||||||||||
Loan cost amortization | 43 | 37 | 32 | 31 | 24 | 12 | ||||||||||||||||||
Earnings (Loss) | $ | (279 | ) | $ | 2,345 | $ | 3,917 | $ | (18,166 | ) | $ | (3,553 | ) | $ | 1,076 | |||||||||
FIXED CHARGES: | ||||||||||||||||||||||||
Interest Expense | $ | 142 | $ | 207 | $ | 172 | $ | 322 | $ | 275 | $ | 186 | ||||||||||||
Capitalized interest | 976 | 815 | 604 | 410 | 242 | 97 | ||||||||||||||||||
Loan cost amortization | 43 | 37 | 32 | 31 | 24 | 12 | ||||||||||||||||||
Fixed Charges | $ | 1,161 | $ | 1,059 | $ | 808 | $ | 763 | $ | 541 | $ | 295 | ||||||||||||
PREFERRED STOCK DIVIDENDS: | ||||||||||||||||||||||||
Preferred dividend requirements | $ | 171 | $ | 171 | $ | 171 | $ | 171 | $ | 97 | $ | 39 | ||||||||||||
Ratio of income (loss) before provision for taxes to net income (loss)(b) | 1.64 | 1.61 | 1.56 | 1.30 | 1.04 | 1.00 | ||||||||||||||||||
Preferred Dividends | $ | 280 | $ | 275 | $ | 266 | $ | 222 | $ | 101 | $ | 39 | ||||||||||||
COMBINED FIXED CHARGES AND PREFERRED DIVIDENDS | $ | 1,441 | $ | 1,334 | $ | 1,074 | $ | 985 | $ | 642 | $ | 334 | ||||||||||||
RATIO OF EARNINGS TO FIXED CHARGES | (0.2 | ) | 2.2 | 4.8 | (23.8 | ) | (6.6 | ) | 3.6 | |||||||||||||||
INSUFFICIENT COVERAGE | $ | 1,440 | $ | — | $ | — | $ | 18,929 | $ | 4,094 | $ | — | ||||||||||||
RATIO OF EARNINGS TO COMBINED FIXED CHARGES AND PREFERRED DIVIDENDS | (0.2 | ) | 1.8 | 3.6 | (18.4 | ) | (5.5 | ) | 3.2 | |||||||||||||||
INSUFFICIENT COVERAGE | $ | 1,720 | $ | — | $ | — | $ | 19,151 | $ | 4,195 | $ | — | ||||||||||||
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(a) | Excludes the effect of unrealized gains or losses on interest rate derivatives and includes amortization of bond discount. |
(b) | Amounts of income (loss) before provision for taxes and of net income (loss) exclude the cumulative effect of accounting change. |