CNX Resources Corp - FORM 10-K - EX-12 - COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES. - February 7, 2018

Attached files

file filename
EX-32.1 - CERTIFICATION OF CHIEF EXECUTIVE OFFICER PURSUANT TO 18 U.S.C. SECTION 1350, AS - CNX Resources Corpcnx123117-ex321.htm
EX-99.2 - FINANCIAL STATEMENTS OF CNX GATHERING LLC - CNX Resources Corpex992financialstatemenetso.htm
EX-99.1 - ENGINEERS' AUDIT LETTER - CNX Resources Corpex991engineersauditletter1.htm
EX-95 - MINE SAFETY DISCLOSURE EXHIBIT - CNX Resources Corpexhibit95mshadisclosure12-.htm
EX-32.2 - CERTIFICATION OF CHIEF FINANCIAL OFFICER PURSUANT TO 18 U.S.C. SECTION 1350, AS - CNX Resources Corpcnx123117-ex322.htm
EX-31.2 - CERTIFICATION OF CHIEF FINANCIAL OFFICER PURSUANT TO SECTION 302 OF THE SARBANES - CNX Resources Corpcnx-123117xex312.htm
EX-31.1 - CERTIFICATION OF CHIEF EXECUTIVE OFFICER PURSUANT TO SECTION 302 OF THE SARBANES - CNX Resources Corpcnx-123117xex311.htm
EX-23.2 - CONSENT OF NETHERLAND SEWELL & ASSOCIATES, INC - CNX Resources Corpexhibit232reserveengineers.htm
EX-23.1 - CONSENT OF ERNST & YOUNG LLP - CNX Resources Corpexhibit231ernstyoungconsen.htm
EX-21 - SUBSIDIARIES OF CNX RESOURCES CORPORATION - CNX Resources Corpexhibit21subsidiaries12-31.htm
EX-10.75 - PURCHASE AND SALE AGREEMENT, DATED AS OF FEBRUARY 7, 2018 - CNX Resources Corpcnx-123117ex1075.htm
EX-10.73 - CNX RESOURCES CORPORATION DEFINED CONTRIBUTION RESTORATION PLAN - CNX Resources Corpcnx-123117ex1073.htm
EX-10.72 - AMENDED AND RESTATED SUPPLEMENTAL RETIREMENT PLAN OF CNX RESOURCES CORPORATION - CNX Resources Corpcnx-123117xex1072.htm
EX-10.71 - AMENDED AND RESTATED RETIREMENT RESTORATION PLAN OF CNX RESOURCES CORPORATION - CNX Resources Corpcnx-123117ex1071.htm
EX-10.63 - FORM OF PERFORMANCE SHARE UNIT AWARD AGREEMENT (FOR 2017 AWARDS) - CNX Resources Corpcnx-123117ex1063.htm
EX-10.59 - FORM OF RESTRICTED STOCK UNIT AWARD AGREEMENT FOR EMPLOYEES - CNX Resources Corpcnx-123117ex1059.htm
EX-10.49 - AMENDED AND RESTATED CNX RESOURCES CORP EXECUTIVE ANNUAL INCENTIVE PLAN - CNX Resources Corpcnx-123117xex1049.htm
EX-10.48 - CNX RESOURCES CORP EQUITY INCENTIVE PLAN, AS AMENDED AND RESTATED - CNX Resources Corpcnx-123117ex1048.htm
10-K - 10-K - CNX Resources Corpcnx-123117x10k.htm


Exhibit 12

Computation of Ratio of Earnings to Fixed Charges
(In Thousands)


 
 
Twelve Months Ended December 31,
 
 
2017
 
2016
 
2015
 
2014
 
2013
Earnings:
 
 
 
 
 
 
 
 
 
 
     Income (Loss) from Continuing Operations Before
      Income Taxes
 
$
118,581

 
$
(585,348
)
 
$
(930,557
)
 
$
(232,154
)
 
$
(264,529
)
     Fixed Charges, as Shown Below
 
167,219

 
189,214

 
207,929

 
242,663

 
264,683

Amortization of Capitalized Interest
 
7

 
1

 
—

 
—

 
—

     Equity in Income of Investees, Net of Distributions
 
(9,293
)
 
(19,013
)
 
(24,729
)
 
(29,144
)
 
(15,516
)
Interest Capitalized
 
(177
)
 
(95
)
 
(21
)
 
—

 
—

Noncontrolling Interest
 
—

 
—

 
—

 
—

 
1,386

Adjusted Earnings
 
$
276,337

 
$
(415,241
)
 
$
(747,378
)
 
$
(18,635
)
 
$
(13,976
)
 
 
 
 
 
 
 
 
 
 
 
Fixed Charges:
 
 
 
 
 
 
 
 
 
 
     Interest on Indebtedness, Expensed or Capitalized
 
$
161,620

 
$
182,290

 
$
199,142

 
$
234,100

 
$
256,782

     Interest within Rent Expense
 
5,599

 
6,924

 
8,787

 
8,563

 
7,901

Total Fixed Charges
 
$
167,219

 
$
189,214

 
$
207,929

 
$
242,663

 
$
264,683

 
 
 
 
 
 
 
 
 
 
 
Ratio of Earnings to Fixed Charges
 
1.65


(2.19
)
 
(3.59
)
 
(0.08
)
 
(0.05
)



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