EX-12.2 7 anr-2014331x10qexhibit122.htm COMPUTATION OF OTHER RATIOS ANR-2014.3.31-10QExhibit12.2


Exhibit 12.2

Alpha Natural Resources, Inc. and Subsidiaries
Computation of Other Ratios
As of March 31, 2014
(Amounts in thousands except ratios)

Total Senior Secured Debt less Unrestricted Cash to Adjusted EBITDA Ratio: The total senior secured debt to Adjusted EBITDA ratio is defined as consolidated senior secured debt less unrestricted cash divided by Adjusted EBITDA. The deduction for unrestricted cash is limited to $700 million.

Total senior secured debt less unrestricted cash
 
$
(81,250
)
 
 
 
Adjusted EBITDA (1)
 
$
526,088

 
 
 
Total senior secured debt less unrestricted cash to Adjusted EBITDA ratio
 
(0.15
)


(1) Adjusted EBITDA is defined and calculated in “Management's Discussion and Analysis of Financial Condition and Results of Operations-Analysis of Material Debt Covenants” in our Quarterly Report on Form 10-Q for the quarter ended March 31, 2014.





Coal sales realization per ton: Coal sales realization per ton is defined as coal revenues divided by tons sold.

 
 
Three Months Ended
March 31,
 
 
2014
 
2013
 
 
 
Revenues:
 
 
 
 
Coal revenues:
 
 
 
 
Eastern steam
 
$
441,861

 
$
489,044

Western steam
 
115,785

 
129,690

Metallurgical
 
395,174

 
521,655

Total
 
$
952,820

 
$
1,140,389

 
 
 
 
 
Tons sold:
 
 
 
 
Eastern steam
 
7,585

 
7,901

Western steam
 
9,447

 
9,953

Metallurgical
 
4,391

 
5,051

Total
 
21,423

 
22,905

 
 
 
 
 
Coal sales realization per ton:
 
 
 
 
Eastern steam
 
$
58.25

 
$
61.90

Western steam
 
$
12.26

 
$
13.03

Metallurgical
 
$
89.99

 
$
103.28

Average
 
$
44.48

 
$
49.79