EX-12.1 4 ex-12d1.htm EX-12.1 arlp_Ex12_1

Exhibit 12.1

 

Computation of Ratio of Earnings to Fixed Charges

 

 

 

Year Ended December 31,

 

 

    

2017

    

2016

    

2015

    

2014

    

2013

 

 

 

(thousands)

 

Earnings

 

 

 

 

 

 

 

 

 

 

 

Pre-tax income from continuing operations before adjustment for noncontrolling interest and income or loss from equity investees

 

290,551 

 

336,008 

 

355,238 

 

513,861 

 

419,327 

 

Add

 

 

 

 

 

 

 

 

 

 

 

Fixed Charges

 

41,058 

 

31,688 

 

32,258 

 

32,942 

 

35,302 

 

Amortization of capitalized interest

 

1,519 

 

1,672 

 

1,788 

 

1,638 

 

1,757 

 

Distributed income of equity investees

 

25,401 

 

6,031 

 

444 

 

490 

 

870 

 

Less

 

 

 

 

 

 

 

 

 

 

 

Capitalized interest

 

551 

 

358 

 

695 

 

833 

 

8,992 

 

Noncontrolling interest in pre-tax income of subsidiaries that have not incurred fixed charges

 

— 

 

— 

 

— 

 

(16)

 

— 

 

Total

 

357,978 

 

375,041 

 

389,033 

 

548,114 

 

448,264 

 

Fixed Charges

 

 

 

 

 

 

 

 

 

 

 

Interest expense

 

36,280 

 

29,405 

 

29,804 

 

30,814 

 

24,969 

 

Capitalized interest

 

551 

 

358 

 

695 

 

833 

 

8,992 

 

Amortization of debt costs

 

3,104 

 

1,264 

 

1,349 

 

1,099 

 

1,113 

 

Interest element of rentals

 

1,123 

 

661 

 

410 

 

196 

 

228 

 

Total

 

41,058 

 

31,688 

 

32,258 

 

32,942 

 

35,302 

 

Ratio

 

8.72 

 

11.84 

 

12.06 

 

16.64 

 

12.70