Attached files
| file | filename |
|---|---|
| EX-99.1 - EX-99.1 - Resolute Energy Corp | ren-ex991_10.htm |
| EX-32 - EX-32 - Resolute Energy Corp | ren-ex32_9.htm |
| EX-31.2 - EX-31.2 - Resolute Energy Corp | ren-ex312_7.htm |
| EX-31.1 - EX-31.1 - Resolute Energy Corp | ren-ex311_11.htm |
| EX-23.2 - EX-23.2 - Resolute Energy Corp | ren-ex232_8.htm |
| EX-23.1 - EX-23.1 - Resolute Energy Corp | ren-ex231_6.htm |
| 10-K - 10-K - Resolute Energy Corp | ren-10k_20171231.htm |
Exhibit 12.1
Computation of Ratio of Earning to Fixed Charges and Preferred Stock Dividends
Resolute Energy Corporation
Ratio of Earning to Fixed Charges and Preferred Stock Dividends
(in thousands)
|
|
|
Years Ended December 31, |
|
|||||||||||||||||
|
|
|
2017 |
|
|
2016 |
|
|
2015 |
|
|
2014 |
|
|
2013 |
|
|||||
|
Earnings: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income (loss) before income taxes |
|
|
(1,526 |
) |
|
|
(161,631 |
) |
|
|
(764,633 |
) |
|
|
(25,990 |
) |
|
|
(178,485 |
) |
|
Fixed charges, excluding capitalized interest |
|
|
46,077 |
|
|
|
53,534 |
|
|
|
67,384 |
|
|
|
35,845 |
|
|
|
33,499 |
|
|
Earnings |
|
|
44,551 |
|
|
|
(108,097 |
) |
|
|
(697,249 |
) |
|
|
9,855 |
|
|
|
(144,986 |
) |
|
Fixed charges: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest expense, including capitalized interest |
|
|
59,291 |
|
|
|
54,813 |
|
|
|
70,345 |
|
|
|
46,429 |
|
|
|
47,832 |
|
|
Estimate of interest within rental expense |
|
|
2,628 |
|
|
|
2,851 |
|
|
|
3,026 |
|
|
|
4,356 |
|
|
|
4,198 |
|
|
Fixed charges |
|
|
61,919 |
|
|
|
57,664 |
|
|
|
73,371 |
|
|
|
50,785 |
|
|
|
52,030 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Preferred stock dividends (a) |
|
|
6,475 |
|
|
|
1,184 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ratio of earnings to fixed charges and preferred stock dividends |
|
(b) |
|
|
(b) |
|
|
(b) |
|
|
(b) |
|
|
(b) |
|
|||||
|
|
|
(a) |
The amounts disclosed herein for preferred stock dividends represent declared as of December 31, 2017 and accumulated but not yet declared dividends as of December 31, 2016. |
|
(b) |
Ratio is less than one; earnings are inadequate to cover fixed charges. The dollar amount of the coverage deficiency was $23.8 million, $166.9 million, $770.6 million, $40.9 million and $197 million for the years ended December 31, 2017, December 31, 2016, December 31, 2015, December 31, 2014 and December 31, 2013, respectively. |