EX-12.1 3 d98254a2exv12w1.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 ------------------------------------------------------------- ----------------------------- NINE MONTHS ENDED NINE MONTHS YEAR SEPTEMBER 30, YEAR ENDED DECEMBER 31, ENDED ENDED ------------------------- --------------------------------- SEPTEMBER 30, DECEMBER 31, 2002 2001 2001 2000 1999 2002 2001 --------- -------- ------- ------- ------- ------------- ------------ Pretax earnings $42,099 $32,796 $33,396 $12,684 $ 4,264 $38,163 $26,485 ------- ------- ------- ------- ------- ------- ------- Adjustments: Add fixed charges: Interest expense 7,836 4,865 6,041 10,490 4,037 11,772 12,952 Interest capitalized -- -- -- -- -- -- -- Rental expense attributable to interest 263 195 236 118 60 263 236 -- -- -- -- -- -- -- ------- ------- ------- ------- ------- ------- ------- Total fixed charges 8,099 5,060 6,277 10,608 4,097 12,035 13,188 ------- ------- ------- ------- ------- ------- ------- Deduct: Interest capitalized -- -- -- -- -- -- -- ------- ------- ------- ------- ------- ------- ------- Total deductions -- -- -- -- -- -- -- ------- ------- ------- ------- ------- ------- ------- Adjusted earnings $50,198 $37,856 $39,673 $23,292 $ 8,361 $50,198 $39,673 ======= ======= ======= ======= ======= ======= ======= Ratio of earnings to fixed charges 6.20 7.48 6.32 2.20 2.04 4.17 3.01 ======= ======= ======= ======= ======= ======= =======