EX-12.1 5 anr-2013331x10qexhibit121.htm COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES ANR-2013.3.31-10QExhibit12.1


Exhibit 12.1

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

 
 
Three Months Ended
March 31,
 
 
2013
 
2012
Earnings:
 
 
 
 
Loss before income taxes
 
$
(187,146
)
 
$
(72,553
)
Adjustments:
 
 
 
 
Fixed charges
 
63,755
 
 
54,402
 
Income from equity investees
 
2,785
 
 
515
 
Amortization of capitalized interest
 
90
 
 
30
 
Capitalized interest
 
(1
)
 
(1,029
)
 
 
$
(120,517
)
 
$
(18,635
)
 
 
 
 
 
Fixed Charges:
 
 
 
 
Interest expense
 
$
59,401

 
$
45,434

Portion of rental expense representative of interest
 
4,353
 
 
7,939
 
Capitalized interest
 
1
 
 
1,029
 
 
 
$
63,755

 
$
54,402

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


(1)
The ratio of earnings to fixed charges was less than one-to-one for the three months ended March 31, 2013 and 2012. Additional earnings of $184 million and $73 million respectively would be needed to have a one-to-one ratio of earnings to fixed charges.