EX-12.1 2 c47583exv12w1.htm EX-12.1 exv12w1
Exhibit 12.1
Computation of Ratio of Earnings to Combined Fixed Charges and Preference Dividends
                 
    Nine Months Ended September 30  
    2008     2007  
Earnings:
                
Pretax income excluding income or loss from equity investments
   $ 317,831     $ 101,658  
Adjustments:
                
Fixed charges
     66,814       71,446  
Distributed income from equity investments
     2,167       1,185  
Capitalized interest, net of amortization
     (5,835 )     (16,299 )
Arch Western Resources, LLC dividends on preferred membership interest
     (78 )     (78 )
 
            
Total earnings
   $ 380,899     $ 157,912  
 
            
Fixed charges:
                
Interest expense
     56,228     $ 53,142  
Capitalized interest
     8,662       16,622  
Arch Western Resources, LLC dividends on preferred membership interest
     78       78  
Portions of rent which represent an interest factor
     1,846       1,604  
 
            
Total fixed charges
   $ 66,814     $ 71,446  
Preferred stock dividends
     11       166  
 
            
Total fixed charges and preferred stock dividends
   $ 66,825     $ 71,612  
 
            
Ratio of earnings to combined fixed charges and preference dividends
     5.70x       2.21x