EX-12.(A) 2 efch-20111231xexhibit12a.htm RATIO OF EARNINGS TO FIXED CHARGES EFCH-2011.12.31-Exhibit 12(a)


EXHIBIT 12(a)


 
Successor
 
 
Predecessor
 
 
 
 
 
 
 
 
 
Period from October 11, 2007 through December 31, 2007
 
 
Period from January 1, 2007 through October 10, 2007
 
Year Ended December 31,
 
 
 
 
2011
 
2010
 
2009
 
2008
 
 
 
EARNINGS:
 
 
 
 
 
 
 
 
 
 
 
 
Income (loss) from continuing operations
$
(1,802
)
 
$
(3,530
)
 
$
515

 
$
(9,039
)
 
$
(1,266
)
 
 
$
1,306

Add: Total federal income tax expense (benefit)
943

 
318

 
351

 
(504
)
 
(675
)
 
 
618

Fixed charges (see detail below)
3,849

 
3,150

 
2,420

 
4,518

 
715

 
 
394

Total earnings (loss)
$
2,990

 
$
(62
)
 
$
3,286

 
$
(5,025
)
 
$
(1,226
)
 
 
$
2,318

FIXED CHARGES:
 
 
 
 
 
 
 
 
 
 
 
 
Interest expense
$
3,824

 
$
3,127

 
$
2,395

 
$
4,492

 
$
709

 
 
$
370

Rentals representative of the interest factor
25

 
23

 
25

 
26

 
6

 
 
24

Total fixed charges
$
3,849

 
$
3,150

 
$
2,420

 
$
4,518

 
$
715

 
 
$
394

RATIO OF EARNINGS TO FIXED CHARGES (a)
—

 
—

 
1.36

 
—

 
—

 
 
5.88

____________
(a)
Fixed charges exceeded "earnings" by $859 million, $3.212 billion, $9.543 billion and $1.941 billion for the years ended December 31, 2011, 2010 and 2008 and for the period from October 11, 2007 through December 31, 2007, respectively.