EX-12.1 3 c21291exv12w1.htm COMPUTATION OF RATIO OF EARNINGS TO COMBINED FIXED CHARGES AND PREFERENCE DIVIDENDS exv12w1
 

Exhibit 12.1
Computation of Ratio of Earnings to Combined Fixed Charges and Preference Dividends
                 
    Nine Months Ended September 30  
    2007     2006  
 
                
Earnings:
                
Pretax income excluding income or loss from equity investments
   $ 101,651     $ 220,831  
Adjustments:
                
Fixed charges
     74,851       62,597  
Distributed income from equity investments
     1,185       —  
Capitalized interest, net of amortization
     (16,299 )     (10,184 )
Arch Western Resources LLC dividends on preferred membership interest
     (78 )     (89 )
 
            
Total earnings
   $ 161,310     $ 273,155  
 
            
 
                
Fixed charges:
                
Interest expense
   $ 53,142     $ 48,228  
Capitalized interest
     16,622       10,296  
Arch Western Resources LLC dividends on preferred membership interest
     78       89  
Portions of rent which represent an interest factor
     5,009       3,984  
 
            
Total fixed charges
   $ 74,851     $ 62,597  
Preferred stock dividends
     166       289  
 
            
Total fixed charges and preferred stock dividends
   $ 75,017     $ 62,886  
 
            
 
                
Ratio of earnings to combined fixed charges and preference dividends
    2.15 x     4.34 x