EX-12.1 4 d98254exv12w1.txt STATEMENT REGARDING COMPUTATION OF RATIOS EXHIBIT 12.1 ENCORE ACQUISITION COMPANY RATIO OF EARNINGS TO FIXED CHARGES AND EARNINGS TO FIXED CHARGES (IN THOUSANDS, EXCEPT RATIOS)
HISTORICAL PRO FORMA ------------------------------------------------------------- ------------------------- SIX MONTHS YEAR SIX MONTHS ENDED JUNE 30, YEAR ENDED DECEMBER 31, ENDED ENDED ------------------------- --------------------------------- JUNE 30, DECEMBER 31, 2002 2001 2001 2000 1999 2002 2001 --------- ---------- ------- ------- ------- ---------- ------------ Pretax earnings $26,467 $19,210 $33,396 $12,684 $ 4,264 $16,676 $26,485 ------- ------- ------- ------- ------- ------- ------- Adjustments: Add fixed charges: Interest expense 3,714 3,713 6,041 10,490 4,037 13,505 12,952 Interest capitalized -- -- -- -- -- -- -- Rental expense attributable to interest 168 123 236 118 60 168 236 -- -- -- -- -- -- -- ------- ------- ------- ------- ------- ------- ------- Total fixed charges 3,882 3,836 6,277 10,608 4,097 13,673 13,188 ------- ------- ------- ------- ------- ------- ------- Deduct: Interest capitalized -- -- -- -- -- -- -- ------- ------- ------- ------- ------- ------- ------- Total deductions -- -- -- -- -- -- -- ------- ------- ------- ------- ------- ------- ------- Adjusted earnings $30,349 $23,046 $39,673 $23,292 $ 8,361 $30,349 $39,673 ======= ======= ======= ======= ======= ======= ======= Ratio of earnings to fixed charges 7.82 6.01 6.32 2.20 2.04 2.22 3.01 ======= ======= ======= ======= ======= ======= =======