EX-12 18 y94847a1exv12.txt STATEMENT OF COMPUTATION OF RATIOS . . . Exhibit 12 PEABODY ENERGY Computation of Ratio of Earnings to Fixed Charges (Dollars in Thousands)
Year Year Nine Months Year Year Ended Ended Ended Ended Ended March 31, March 31, December 31, December 31, December 31, 2000 2001 2001 2002 2003 --------- --------- ------------ ------------ ---------- Income (Loss) Before Income Taxes and Minority Interests...... $ (7,398) $ 152,894 $ 29,000 $ 78,804 $ (3,181) Interest Expense.......... 205,056 197,686 88,686 102,458 98,540 Interest Portion of Rental Expense.......... 26,225 44,303 37,294 53,958 49,627 --------- --------- ---------- --------- ---------- Adjusted Earnings......... $ 223,883 $ 394,883 $ 154,980 $ 235,220 $ 144,986 ========= ========= ========== ========= ========== Interest Expense.......... $ 205,056 $ 197,686 $ 88,686 $ 102,458 $ 98,540 Interest Portion of Rental Expense.......... 26,225 44,303 37,294 53,958 49,627 --------- --------- ---------- --------- ---------- Adjusted fixed charges.... $231,281 $ 241,989 $ 125,980 $ 156,416 $ 148,167 ========= ========= ========== ========= ========== Ratio of Earnings to Fixed Charges.......... 0.97 1.63 1.23 1.50 0.98 ========= ========= ========== ========= ==========