EX-12 3 c94953exv12.txt STATEMENT OF COMPUTATION OF RATIOS . . . Exhibit 12 PEABODY ENERGY COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES (IN THOUSANDS)
Year Nine Months Year Ended Ended Ended March 31, 2001 December 31, 2001 December 31, 2002 -------------- ----------------- ----------------- Income (Loss) Before Income Taxes and Minority Interests $ 152,894 $ 29,000 $ 78,804 Interest Expense 197,686 88,686 102,458 Interest Portion of Rental Expense 44,303 37,294 53,958 -------------- ----------------- ----------------- Adjusted Earnings $ 394,883 $ 154,980 $ 235,220 ============== ================= ================= Interest Expense $ 197,686 $ 88,686 $ 102,458 Interest Portion of Rental Expense 44,303 37,294 53,958 -------------- ----------------- ----------------- Adjusted fixed charges $ 241,989 $ 125,980 $ 156,416 ============== ================= ================= Ratio of Earnings to Fixed Charges 1.63 1.23 1.50 ============== ================= ================= Year Year Quarter Ended Ended Ended December 31, 2003 December 31, 2004 March 31, 2005 ----------------- ----------------- -------------- Income (Loss) Before Income Taxes and Minority Interests $ (3,181) $ 153,071 $ 56,620 Interest Expense 98,540 96,793 25,556 Interest Portion of Rental Expense 49,762 50,273 14,093 ----------------- ----------------- -------------- Adjusted Earnings $ 145,121 $ 300,137 $ 96,269 ================= ================= ============== Interest Expense $ 98,540 $ 96,793 $ 25,556 Interest Portion of Rental Expense 49,762 50,273 14,093 ----------------- ----------------- -------------- Adjusted fixed charges $ 148,302 $ 147,066 $ 39,649 ================= ================= ============== Ratio of Earnings to Fixed Charges 0.98 2.04 2.43 ================= ================= ==============