EX-12.1 8 a13-13886_1ex12d1.htm EX-12.1

Exhibit 12.1

 

Computation of Ratio of Earnings to Combined Fixed Charges and Preference Dividends

 

 

 

Six Months Ended June 30,

 

 

 

2013

 

2012

 

 

 

 

 

 

 

Loss from continuing operations excluding income or loss from equity investments

 

$

(276,438

)

$

(743,873

)

Adjustments:

 

 

 

 

 

Fixed charges

 

203,011

 

184,684

 

Distributed income from equity investments

 

 

1,801

 

Capitalized interest, net of amortization

 

(6,583

)

(4,674

)

Arch Western Resources, LLC dividends on preferred membership interest

 

 

(3

)

Total loss

 

$

(80,010

)

$

(562,065

)

Fixed charges:

 

 

 

 

 

Interest expense

 

$

189,851

 

$

153,500

 

Capitalized interest

 

8,209

 

6,528

 

Arch Western Resources, LLC dividends on preferred membership interest

 

 

(3

)

Costs of debt retirement and write-off of related capitalized financing costs

 

 

19,042

 

Portions of rent which represent an interest factor

 

4,951

 

5,617

 

Total fixed charges

 

$

203,011

 

$

184,684

 

Preferred stock dividends

 

$

 

$

 

Total fixed charges and preferred stock dividends

 

$

203,011

 

$

184,684

 

 

 

 

 

 

 

Ratio of earnings to combined fixed charges and preference dividends

 

N/A

 

N/A

 

 

Total loss consists of loss from continuing 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.