EX-12.1 2 a13-19728_1ex12d1.htm EX-12.1

Exhibit 12.1

 

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

 

 

 

Nine Months Ended September 30,

 

 

 

2013

 

2012

 

 

 

 

 

 

 

Loss from continuing operations excluding income or loss from equity investments

 

$

(609,505

)

$

(701,943

)

Adjustments:

 

 

 

 

 

Fixed charges

 

305,305

 

267,711

 

Distributed income from equity investments

 

5,342

 

5,342

 

Capitalized interest, net of amortization

 

(9,415

)

(4,674

)

Arch Western Resources, LLC dividends on preferred membership interest

 

 

(3

)

Total loss

 

$

(308,273

)

$

(433,567

)

Fixed charges:

 

 

 

 

 

Interest expense

 

$

285,480

 

$

229,210

 

Capitalized interest

 

11,815

 

11,266

 

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

 

 

19,042

 

Arch Western Resources, LLC dividends on preferred membership interest

 

 

(3

)

Portions of rent which represent an interest factor

 

8,010

 

8,196

 

Total fixed charges

 

$

305,305

 

$

267,711

 

Preferred stock dividends

 

$

 

$

 

Total fixed charges and preferred stock dividends

 

$

305,305

 

$

267,711

 

 

 

 

 

 

 

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.