EX-12.1 6 anr-12312012x10kexhibit121.htm COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES ANR-12.31.2012-10K Exhibit 12.1


Exhibit 12.1

Alpha Natural Resources, Inc. and Subsidiaries
Computation of Ratio of Earnings to Fixed Charges
(Amounts in thousands except ratio)


 
 
Years Ended December 31,
 
 
2012
 
2011
 
2010
 
2009
 
2008
Earnings:
 
 
 
 
 
 
 
 
 
 
Income (loss) before income taxes
 
$
(2,987,144
)
 
$
(766,448
)
 
$
101,436

 
$
33,784

 
$
250,841

Adjustments:
 
 
 
 
 
 
 
 
 
 
Fixed charges
 
225,575
 
 
178,229
 
 
83,184
 
 
92,732
 
 
56,811
 
Income from equity investees
 
2,616
 
 
1,268
 
 
1,706
 
 
189
 
 
574
 
Amortization of capitalized interest
 
139
 
 
107
 
 
106
 
 
137
 
 
132
 
Capitalized interest
 
(1,194
)
 
(1,925
)
 
(2,152
)
 
(492
)
 
(772
)
 
 
$
(2,760,008
)
 
$
(588,769
)
 
$
184,280

 
$
126,350

 
$
307,586

 
 
 
 
 
 
 
 
 
 
 
Fixed Charges:
 
 
 
 
 
 
 
 
 
 
Interest expense
 
$
198,147

 
$
141,914

 
$
73,463

 
$
82,825

 
$
39,812

(Gain) loss on early extinguishment of debt
 
 
(773
)
 
 
10,026

 
 
1,349

 
 
5,641

 
 
14,702

Portion of rental expense representative of interest
 
27,007
 
 
24,364
 
 
6,220
 
 
3,774
 
 
1,525
 
Capitalized interest
 
1,194
 
 
1,925
 
 
2,152
 
 
492
 
 
772
 
 
 
$
225,575

 
$
178,229

 
$
83,184

 
$
92,732

 
$
56,811

 
 
 
 
 
 
 
 
 
 
 
Ratio of earnings to fixed charges
 
N/A (1)
 
 
N/A (1)
 
 
2.22
 
 
1.36
 
 
5.41
 


(1) 
The ratio of earnings to fixed charges was less than one-to-one for the years ended December 31, 2012 and 2011. Additional earnings of $3.0 billion and $767.0 million respectively would be needed to have a one-to-one ratio of earnings to fixed charges.