EX-12.1 4 aci-20160930xex121.htm EXHIBIT 12.1 Exhibit
EXHIBIT 12.1

Computation of Ratio of Earnings to Combined Fixed Charges and Preference Dividends
 
 
Nine Months Ended September 30,
 
2016
 
2015
 
 
 
 
Loss from continuing operations excluding income or loss from equity investments
$
(443,949
)
 
$
(2,640,940
)
Adjustments:
 

 
 

Fixed charges
142,034

 
305,879

Distributed income from equity investments
8,374

 
25,075

Capitalized interest, net of amortization
2,287

 
3,821

Total loss
$
(291,254
)
 
$
(2,306,165
)
Fixed charges:
 

 
 

Interest expense
$
135,888

 
$
298,585

Capitalized interest
35

 
1

Portions of rent which represent an interest factor
6,111

 
7,293

Total fixed charges
$
142,034

 
$
305,879

Preferred stock dividends
$

 
$

Total fixed charges and preferred stock dividends
$
142,034

 
$
305,879

 
 

 
 

Ratio of earnings to combined fixed charges and preference dividends
N/A

 
N/A


Total loss consists of loss from continuing operations before income taxes and are adjusted to include only distributed income from affiliates accounted for on the equity method and fixed charges (excluding capitalized interest).  Fixed charges consist of interest incurred on indebtedness, the portion of operating lease rentals deemed representative of the interest factor and the amortization of debt expense.