EX-12.1 6 a11-29882_1ex12d1.htm EX-12.1

Exhibit 12.1

 

Alpha Natural Resources, Inc. and Subsidiaries

Computation of Ratio of Earnings to Fixed Charges

(Amounts in thousands except ratios)

 

 

 

Years Ended December 31,

 

 

 

2011

 

2010

 

2009

 

2008

 

2007

 

Earnings:

 

 

 

 

 

 

 

 

 

 

 

Income from continuing operations before income taxes

 

$

(716,317

)

$

101,436

 

$

33,784

 

$

250,841

 

$

42,838

 

Adjustments:

 

 

 

 

 

 

 

 

 

 

 

Fixed charges

 

178,229

 

83,184

 

92,732

 

56,811

 

43,733

 

Loss from equity investees

 

1,268

 

1,706

 

189

 

574

 

1,352

 

Amortization of capitalized interest

 

106

 

106

 

137

 

132

 

75

 

Capitalized interest

 

(1,925

)

(2,152

)

(492

)

(772

)

(1,038

)

 

 

$

(538,639

)

$

184,280

 

$

126,350

 

$

307,586

 

$

86,960

 

 

 

 

 

 

 

 

 

 

 

 

 

Fixed Charges:

 

 

 

 

 

 

 

 

 

 

 

Interest expense

 

$

141,914

 

$

73,463

 

$

82,825

 

$

39,812

 

40,366

 

Loss on early extinguishment of debt

 

10,026

 

1,349

 

5,641

 

14,702

 

—

 

Portion of rental expense representative of interest

 

24,364

 

6,220

 

3,774

 

1,525

 

2,329

 

Capitalized interest

 

1,925

 

2,152

 

492

 

772

 

1,038

 

 

 

$

178,229

 

$

83,184

 

$

92,732

 

$

56,811

 

$

43,733

 

 

 

 

 

 

 

 

 

 

 

 

 

Ratio of earnings to fixed charges

 

N/A

(1)

2.22

 

1.36

 

5.41

 

1.99

 

 

(1)         The ratio of earnings to fixed charges was less than one-to-one for the year ended December 31, 2011. Additional earnings of $716.1 million would be needed to have a one-to-one ratio of earnings to fixed charges.

 

1