EX-12.1 4 c55580exv12w1.htm EX-12.1 exv12w1
Exhibit 12.1
Computation of Ratio of Earnings to Combined Fixed Charges and Preference Dividends
                 
    Three Months Ended March 31  
    2010     2009  
Earnings:
               
Pretax income (loss) excluding income or loss from equity investments
  $ (4,183 )   $ 23,739  
Adjustments:
               
Fixed charges
    37,775       23,213  
Distributed income from equity investments
          717  
Capitalized interest, net of amortization
    1,048       892  
Arch Western Resources, LLC dividends on preferred membership interest
    (35 )     (20 )
 
           
Total earnings
  $ 34,605     $ 48,541  
 
           
Fixed charges:
               
Interest expense
    35,083     $ 20,018  
Capitalized interest
          197  
Arch Western Resources, LLC dividends on preferred membership interest
    35       20  
Portions of rent which represent an interest factor
    2,657       2,978  
 
           
Total fixed charges
    37,775       23,213  
 
           
Total fixed charges and preferred stock dividends
  $ 37,775     $ 23,213  
 
           
 
Ratio of earnings to combined fixed charges and preference dividends
    0.92 x     2.09 x
 
           
Earnings consist of income from operations before income taxes and are adjusted to include only distributed income from affiliates accounted for on the equity method and fixed charges (excluding capitalized interest). Fixed charges consist of interest incurred on indebtedness, the portion of operating lease rentals deemed representative of the interest factor and the amortization of debt expense.