EX-12.2 6 anr-2015331x10qexhibit122.htm COMPUTATION OF OTHER RATIOS ANR-2015.3.31-10QExhibit12.2


Exhibit 12.2

Alpha Natural Resources, Inc. and Subsidiaries
Computation of Other Ratios
As of March 31, 2015
(Amounts in thousands except ratios)

Total Senior Secured Debt less Unrestricted Cash to Adjusted EBITDA Ratio: The total senior secured debt to Adjusted EBITDA ratio is defined as consolidated senior secured debt less unrestricted cash divided by Adjusted EBITDA. The deduction for unrestricted cash is limited to $700 million of cash and marketable securities other than shares of Rice Energy.

Total senior secured debt less unrestricted cash
 
$
21,701

 
 
 
Adjusted EBITDA (1)
 
$
263,679

 
 
 
Total senior secured debt less unrestricted cash to Adjusted EBITDA ratio
 
0.08
 

(1) Adjusted EBITDA is defined and calculated in “Management's Discussion and Analysis of Financial Condition and Results of Operations-Analysis of Material Debt Covenants” in this Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2015.





Coal sales realization per ton: Coal sales realization per ton is defined as coal revenues divided by tons sold.

 
 
Three Months Ended
March 31,
 
 
2015
 
2014
 
 
 
Revenues:
 
 
 
 
Coal revenues:
 
 
 
 
Eastern steam
 
$
301,042

 
$
441,861

Western steam
 
115,687

 
115,785

Metallurgical
 
309,338

 
395,174

Total
 
$
726,067

 
$
952,820

 
 
 
 
 
Tons sold:
 
 
 
 
Eastern steam
 
5,454

 
7,585

Western steam
 
10,019

 
9,447

Metallurgical
 
4,030

 
4,391

Total
 
19,503

 
21,423

 
 
 
 
 
Coal sales realization per ton:
 
 
 
 
Eastern steam
 
$
55.20

 
$
58.25

Western steam
 
$
11.55

 
$
12.26

Metallurgical
 
$
76.75

 
$
89.99

Average
 
$
37.23

 
$
44.48