EX-12.1 5 anr-2013630x10qexhibit121.htm COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES ANR-2013.6.30-10QExhibit12.1


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
June 30,
 
Six Months Ended
June 30,
 
 
2013
 
2012
 
2013
 
2012
Earnings:
 
 
 
 
 
 
 
 
Loss before income taxes
 
$
(275,208
)
 
$
(2,684,454
)
 
$
(462,354
)
 
$
(2,757,005
)
Adjustments:
 
 
 
 
 
 
 
 
Fixed charges
 
97,806
 
 
53,685
 
 
161,561
 
 
108,086
 
Income from equity investees
 
14,003
 
 
515
 
 
16,787
 
 
811
 
Amortization of capitalized interest
 
87
 
 
74
 
 
177
 
 
104
 
Capitalized interest
 
—
 
 
(149
)
 
(1
)
 
(1,178
)
 
 
$
(163,312
)
 
$
(2,630,329
)
 
$
(283,830
)
 
$
(2,649,182
)
 
 
 
 
 
 
 
 
 
Fixed Charges:
 
 
 
 
 
 
 
 
Interest expense
 
$
60,953

 
$
46,534

 
$
120,354

 
$
91,968

Loss on early extinguishment of debt
 
33,197
 
 
—
 
 
33,197
 
 
—
 
Portion of rental expense representative of interest
 
3,656
 
 
7,002
 
 
8,009
 
 
14,940
 
Capitalized interest
 
—
 
 
149
 
 
1
 
 
1,178
 
 
 
$
97,806

 
$
53,685

 
$
161,561

 
$
108,086

 
 
 
 
 
 
 
 
 
Ratio of earnings to fixed charges
 
N/A(1)
 
N/A(1)
 
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 June 30, 2013 and June 30, 2012, and for the six months ended June 30, 2013 and June 30, 2012. Additional earnings of $261 million, $2.7 billion, $445 million, and $2.8 billion, respectively, would be needed to have a one-to-one ratio of earnings to fixed charges.