EX-12.1 141 c83881s4exv12w1.htm STATEMENT RE: COMPUATION OF RATIOS exv12w1
 

Exhibit 12.1

NRG Energy, Inc.
Consolidated Ratio of Earnings to Fixed Charges

                                                 
                    For the Period   For the Period        
    For the Year   For the Year   January 1,   January 6,   For the   For the
    Ended   Ended   2003 Through   2003 Through   Six Months Ended   Six Months Ended
    December 31,
  December 31,
  December 5,
  December 31,
  June 30,
  June 30,
    2001
  2002
  2003
  2003
  2003
  2004
                    (In thousands)                
Earnings:
                                               
Income/(loss) before taxes
  $ 248,023     $ (2,958,067 )   $ 2,985,191     $ 10,676     $ (645,253 )   $ 150,571  
Minority interest in earnings
                      134             709  
Less: Undistributed equity in earnings of unconsolidated affiliates
    (119,002 )     (22,252 )     (41,472 )     2,229       (23,943 )     4,751  
Capitalized interest
    (27,175 )     (45,896 )     (16 )     (2 )     (7 )     (3 )
Fresh start reporting adjustments
                (4,118,636 )                  
Add: Fixed Charges
    394,616       502,542       333,968       20,862       262,918       172,628  
 
   
 
     
 
     
 
     
 
     
 
     
 
 
 
    496,462       (2,523,673 )     (840,965 )     33,899       (406,285 )     328,656  
 
   
 
     
 
     
 
     
 
     
 
     
 
 
Fixed Charges:
                                               
Interest expense
    353,443       423,817       312,249       18,385       249,671       139,311  
Interest capitalized
    27,175       45,896       16       2       7       3  
Amortization of debt costs
    10,668       28,367       17,640       517       11,090       20,060  
Amortization of debt discount
                      1,725             11,795  
Approximation of interest in rental expense
    3,330       4,462       4,063       233       2,150       1,459  
 
   
 
     
 
     
 
     
 
     
 
     
 
 
 
  $ 394,616     $ 502,542     $ 333,968     $ 20,862     $ 262,918     $ 172,628  
 
   
 
     
 
     
 
     
 
     
 
     
 
 
Ratio of earnings to fixed charges
    1.26       (5.02 )     (2.52 )     1.62       (1.55 )     1.90