EX-12.2 8 anr-12312014x10kexhibit122.htm COMPUTATION OF OTHER RATIOS ANR-12.31.2014-10K Exhibit 12.2


Exhibit 12.2

Alpha Natural Resources, Inc. and Subsidiaries
Computation of Other Ratios
As of December 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
 
$
(85,938)
 
 
 
 
 
Adjusted EBITDA (1)
 
$
586,235
 
 
 
 
 
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” contained elsewhere in this Annual Report on Form 10-K.


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


 
 
 
 
 
Years Ended December 31,
 
 
2014
 
2013
 
 
(in thousands, except per ton data)
Revenues:
 
 
 
 
Coal revenues:
 
 
 
 
Eastern steam
 
 
$
1,700,295

 
 
 
$
1,782,781

 
Western steam
 
 
 
436,930

 
 
 
 
481,747

 
Metallurgical
 
 
 
1,587,216

 
 
 
 
1,993,453

 
Total
 
 
$
3,724,441

 
 
 
$
4,257,981

 
 
 
 
 
 
Tons sold :
 
 
 
 
Eastern steam
 
29,510
 
28,613
Western steam
 
36,464
 
38,164
Metallurgical
 
18,581
 
20,135
Total
 
84,555
 
86,912
 
 
 
 
 
Coal sales realization per ton:
 
 
 
 
Eastern steam
 
 
$
57.62

 
 
 
$
62.31

 
Western steam
 
 
$
11.98

 
 
 
$
12.62

 
Metallurgical
 
 
$
85.42

 
 
 
$
99.01

 
Average
 
 
$
44.05

 
 
 
$
48.99