EX-12.1 2 jrcc_10k-ex1201.htm COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES Unassociated Document
Exhibit 12.1
 
James River Coal Company
Computation of Ratio of Earnings to Fixed Charges
(dollars in thousands)
 
 
 
   
Year Ended December 31,
  
   
2011
    
2010
    
2009
    
2008
    
2007
  
Earnings:
                              
Income (loss) before income taxes
  
$
(24,138
)
  
$
54,599
    
$
52,513
    
$
(96,266
)
  
$
(71,859
)
Fixed Charges
    
52,892
      
34,440
      
21,373
      
22,034
      
22,757
  
Total Earnings
    
28,754
      
89,039
      
73,886
      
(74,232
)
    
(49,102
)
Fixed Charges:
                                        
Interest expense, including amortization of debt issue costs
    
50,096
      
29,943
      
17,057
      
17,746
      
19,764
  
Estimated interest factor of rental expense
    
2,796
      
4,497
      
4,316
      
4,288
      
2,993
  
Total fixed charges
    
52,892
      
34,440
      
21,373
      
22,034
      
22,757
  
                                         
Ratio of earnings to fixed charges
    
—
      
2.6
      
3.5
      
—
      
—
  
Deficiency of earnings to fixed charges
  
$
24,138
      
—
    
$
—
    
$
96,266
    
$
71,859