EX-12.1 2 anr-201463010qexhibit121.htm COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES ANR-2014.6.30.10QExhibit12.1
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,
 
 
2014
 
2013
 
2014
 
2013
Earnings:
 
 
 
 
 
 
 
 
Loss before income taxes
 
$
(522,145
)
 
$
(275,208
)
 
$
(531,285
)
 
$
(462,354
)
Adjustments:
 
 
 
 
 
 
 
 
Fixed charges
 
73,034
 
 
97,806
 
 
142,394
 
 
161,561
 
Income from equity investees
 
749
 
 
14,003
 
 
884
 
 
16,787
 
Amortization of capitalized interest
 
71
 
 
87
 
 
286
 
 
177
 
Capitalized interest
 
—
 
 
—
 
 
—
 
 
(1
)
 
 
$
(448,291
)
 
$
(163,312
)
 
$
(387,721
)
 
$
(283,830
)
 
 
 
 
 
 
 
 
 
Fixed Charges:
 
 
 
 
 
 
 
 
Interest expense
 
$
71,012

 
$
60,953

 
$
135,974

 
$
120,354

Loss on early extinguishment of debt
 
218
 
 
33,197
 
 
2,022
 
 
33,197
 
Portion of rental expense representative of interest
 
1,804
 
 
3,656
 
 
4,938
 
 
8,009
 
Capitalized interest
 
—
 
 
—
 
 
—
 
 
1
 
 
 
$
73,034

 
$
97,806

 
$
142,394

 
$
161,561

 
 
 
 
 
 
 
 
 
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, 2014 and June 30, 2013, and for the six months ended June 30, 2014 and June 30, 2013. Additional earnings of $521,325, $261,118, $530,115, and $445,391 respectively, would be needed to have a one-to-one ratio of earnings to fixed charges.