EX-12.1 6 a12-8852_1ex12d1.htm EX-12.1

Exhibit 12.1

 

Computation of Ratio of Earnings to Combined Fixed Charges and Preference Dividends

 

 

 

Three Months Ended March 31,

 

 

 

2012

 

2011

 

 

 

(Dollars in thousands, except ratios)

 

Earnings:

 

 

 

 

 

Pretax income, excluding income or loss from equity investments

 

$

(22,219

)

$

65,624

 

Adjustments:

 

 

 

 

 

Fixed charges

 

79,741

 

37,188

 

Distributed income from equity investments

 

1,801

 

1,814

 

Capitalized interest, net of amortization

 

(930

)

876

 

Arch Western Resources, LLC dividends on preferred membership interest

 

335

 

(29

)

Total earnings

 

$

58,728

 

$

105,473

 

Fixed charges:

 

 

 

 

 

Interest expense

 

$

74,772

 

$

34,580

 

Capitalized interest

 

2,430

 

 

Arch Western Resources, LLC dividends on preferred membership interest

 

(335

)

29

 

Portions of rent which represent an interest factor

 

2,874

 

2,579

 

Total fixed charges

 

79,741

 

37,188

 

Total fixed charges and preferred stock dividends

 

$

79,741

 

$

37,188

 

Ratio of earnings to combined fixed charges and preference dividends

 

0.74

x

2.84

x