Attached files
| file | filename |
|---|---|
| EX-99.2 - EXHIBIT 99.2 - BILL BARRETT CORP | bbg-12312017xex992clawback.htm |
| EX-99.1 - EXHIBIT 99.1 - BILL BARRETT CORP | bbg-12312017xex991nsai.htm |
| EX-32 - EXHIBIT 32 - BILL BARRETT CORP | bbg-12312017xex32.htm |
| EX-31.2 - EXHIBIT 31.2 - BILL BARRETT CORP | bbg-12312017xex312.htm |
| EX-31.1 - EXHIBIT 31.1 - BILL BARRETT CORP | bbg-12312017xex311.htm |
| EX-23.2 - EXHIBIT 23.2 - BILL BARRETT CORP | bbg-12312017xex232.htm |
| EX-23.1 - EXHIBIT 23.1 - BILL BARRETT CORP | bbg-12312017xex231.htm |
| EX-21.1 - EXHIBIT 21.1 - BILL BARRETT CORP | bbg-12312017xex211.htm |
| EX-10.12 - EXHIBIT 10.12 - BILL BARRETT CORP | bbg-12312017xex1012.htm |
| EX-2.1 - EXHIBIT 2.1 - BILL BARRETT CORP | bbg-12312017xex21.htm |
| 10-K - 10-K - BILL BARRETT CORP | bbg-12312017x10xk.htm |
Exhibit 12.1
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
Year Ended December 31, | ||||||||||||||||||||
2013 | 2014 | 2015 | 2016 | 2017 | ||||||||||||||||
(in thousands) | ||||||||||||||||||||
Pre-tax income from continuing operations | $ | (311,366 | ) | $ | 32,990 | $ | (664,856 | ) | $ | (170,378 | ) | $ | (139,627 | ) | ||||||
Fixed charges | 89,112 | 70,107 | 65,776 | 59,844 | 57,710 | |||||||||||||||
Amortization of capitalized interest | 1,020 | 199 | 52 | 5 | — | |||||||||||||||
Interest capitalized | — | — | — | — | — | |||||||||||||||
Total adjusted earnings available for payment of fixed charges | $ | (221,234 | ) | $ | 103,296 | $ | (599,028 | ) | $ | (110,529 | ) | $ | (81,917 | ) | ||||||
Fixed charges | ||||||||||||||||||||
Interest expense | $ | 83,765 | $ | 65,359 | $ | 60,682 | $ | 56,539 | $ | 55,515 | ||||||||||
Interest capitalized | — | — | — | — | — | |||||||||||||||
Amortization of debt-related expenses | 4,743 | 4,264 | 4,623 | 2,834 | 2,195 | |||||||||||||||
Rental expense representative of interest factor | 605 | 484 | 471 | 471 | — | |||||||||||||||
Total fixed charges | $ | 89,113 | $ | 70,107 | $ | 65,776 | $ | 59,844 | $ | 57,710 | ||||||||||
Ratio of earnings to fixed charges | (2.5 | ) | (1) | 1.5 | x | (9.1 | ) | (2) | (1.8 | ) | (3) | (1.4 | ) | (4) | ||||||
(1) | Due to our net loss for the year ended December 31, 2013, the coverage ratio was less than 1:1. To achieve a coverage ratio of 1:1, we would have needed additional earnings of approximately $311.1 million for the year ended December 31, 2013. |
(2) | Due to our net loss for the year ended December 31, 2015, the coverage ratio was less than 1:1. To achieve a coverage ratio of 1:1, we would have needed additional earnings of approximately $664.8 million for the year ended December 31, 2015. |
(3) | Due to our net loss for the year ended December 31, 2016, the coverage ratio was less than 1:1. To achieve a coverage ratio of 1:1, we would have needed additional earnings of approximately $170.4 million for the year ended December 31, 2016. |
(4) | Due to our net loss for the year ended December 31, 2017, the coverage ratio was less than 1:1. To achieve a coverage ratio of 1:1, we would have needed additional earnings of approximately $139.6 million for the year ended December 31, 2017. |