EX-12.1 3 dex121.txt COMPUTATION OF RATIOS OF EARNINGS Exhibit 12.1 Arch Coal, Inc. Ratio of Earnings to Fixed Charges (Dollars in thousands, except ratios)
Year ended December 31, ---------------------------------------------- 2000 1999 1998 1997 1996 ---------------------------------------------- Earnings: Income (loss) from operations 73,984 (327,026) 87,847 41,882 56,112 Fixed charges net of capitalized interest 96,402 98,072 67,861 20,539 20,313 Amortization of capitalized interest 56 - - - - ---------------------------------------------- Earnings before taxes and fixed charges 170,442 (228,954) 155,708 62,421 76,425 Fixed charges: Interest expense 92,132 91,248 62,241 17,822 18,783 Capitalized interest - (1,190) (39) - - Portions of rent which represent an interest factor 4,270 8,014 5,659 2,717 1,530 ---------------------------------------------- Total fixed charges 96,402 98,072 67,861 20,539 20,313 Ratio of earnings to fixed charges 1.77 (a) 2.29 3.04 3.76
(a) The deficiency of earnings to cover fixed charges was 327,026 for the year ended December 31, 1999.