EX-12.1 12 h11373exv12w1.txt COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES . . . EXHIBIT 12.1 NATURAL RESOURCES PARTNERS L.P. STATEMENT OF COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
FOR THE FOR THE PERIOD FROM PERIOD FROM JANUARY 1 OCTOBER 16 NINE YEAR ENDED DECEMBER 31 THROUGH THROUGH MONTHS ENDED ------------------------------------------- OCTOBER 16, DECEMBER 31, SEPTEMBER 30, 1997 1998 1999 2000 2001 2002 2002 2003 ------ ------ ------ ------ ------- ------------ ------------ ------------ EARNINGS PRE-TAX INCOME 6,415 28,268 FIXED CHARGES -- -- -- -- -- -- 291 5,198 ------ ------ ------ ------ ------- ------------ ------------ ------------ TOTAL EARNINGS -- -- -- -- -- -- 6,706 33,466 ====== ====== ====== ====== ======= ============ ============ ============ FIXED CHARGES INTEREST EXPENSE 200 4,595 (1) AMORTIZATION OF DEBT ISSUANCE EXPENSE 91 603 RENTAL INTEREST FACTOR ------ ------ ------ ------ ------- ------------ ------------ ------------ TOTAL FIXED CHARGES -- -- -- -- -- -- 291 5,198 ====== ====== ====== ====== ======= ============ ============ ============ RATIO OF EARNINGS TO FIXED CHARGES -- -- -- -- -- -- 23.04 6.44
---------- (1) Includes loss from interest rate hedge of $499. WESTERM POCAHONTAS PROPERTIES LIMITED PARTNERSHIP STATEMENT OF COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
FOR THE FOR THE PERIOD FROM PERIOD FROM JANUARY 1 OCTOBER 16 NINE YEAR ENDED DECEMBER 31 THROUGH THROUGH MONTHS ENDED ------------------------------------------- OCTOBER 16, DECEMBER 31, SEPTEMBER 30, 1997 1998 1999 2000 2001 2002 2002 2003 ------ ------ ------ ------ ------- ------------ ------------ ------------ EARNINGS PRE-TAX INCOME 10,514 15,015 12,208 12,825 14,543 10,061 FIXED CHARGES 5,110 5,681 4,449 4,265 4,062 5,766 ------ ------ ------ ------ ------- ------------ TOTAL EARNINGS 15,624 20,696 16,657 17,090 18,605 15,827 ====== ====== ====== ====== ======= ============ FIXED CHARGES INTEREST EXPENSE 4,894 5,505 4,353 4,167 3,966 4,786 AMORTIZATION OF DEBT ISSUANCE EXPENSE 207 167 86 86 86 970 RENTAL INTEREST FACTOR 9 9 10 12 10 10 ------ ------ ------ ------ ------- ------------ TOTAL FIXED CHARGES 5,110 5,681 4,449 4,265 4,062 5,766 ====== ====== ====== ====== ======= ============ RATIO OF EARNINGS TO FIXED CHARGES 3.06 3.64 3.74 4.01 4.58 2.74 - -
GREAT NORTHERN PROPERTIES LIMITED PARTNERSHIP STATEMENT OF COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
FOR THE FOR THE PERIOD FROM PERIOD FROM JANUARY 1 OCTOBER 16 NINE YEAR ENDED DECEMBER 31 THROUGH THROUGH MONTHS ENDED ------------------------------------------- OCTOBER 16, DECEMBER 31, SEPTEMBER 30, 1997 1998 1999 2000 2001 2002 2002 2003 ------ ------ ------ ------ ------- ------------ ------------ ------------ EARNINGS PRE-TAX INCOME 1,318 2,101 1,323 2,277 2,592 2,274 FIXED CHARGES 6,246 5,543 5,143 4,657 3,652 1,929 ------ ------ ------ ------ ------- ------------ TOTAL EARNINGS 7,564 7,644 6,466 6,934 6,244 4,203 ====== ====== ====== ====== ======= ============ FIXED CHARGES INTEREST EXPENSE 6,153 5,450 4,999 4,657 3,652 1,877 AMORTIZATION OF DEBT ISSUANCE EXPENSE 93 93 144 - - 52 RENTAL INTEREST FACTOR - - - - - - ------ ------ ------ ------ ------- ------------ TOTAL FIXED CHARGES 6,246 5,543 5,143 4,657 3,652 1,929 ====== ====== ====== ====== ======= ============ RATIO OF EARNINGS TO FIXED CHARGES 1.21 1.38 1.26 1.49 1.71 2.18 - -
NEW GAULEY COAL CORPORATION STATEMENT OF COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
FOR THE FOR THE PERIOD FROM PERIOD FROM JANUARY 1 OCTOBER 16 NINE YEAR ENDED DECEMBER 31 THROUGH THROUGH MONTHS ENDED ------------------------------------------- OCTOBER 16, DECEMBER 31, SEPTEMBER 30, 1997 1998 1999 2000 2001 2002 2002 2003 ------ ------ ------ ------ ------- ------------ ------------ ------------ EARNINGS PRE-TAX INCOME (9) 1,096 993 661 1,223 1,098 FIXED CHARGES 275 187 164 157 150 298 ------ ------ ------ ------ ------- ------------ TOTAL EARNINGS 266 1,283 1,157 818 1,373 1,396 ====== ====== ====== ====== ======= ============ FIXED CHARGES INTEREST EXPENSE 270 175 145 139 132 97 AMORTIZATION OF DEBT ISSUANCE EXPENSE 5 12 19 18 18 201 RENTAL INTEREST FACTOR - - - - - - ------ ------ ------ ------ ------- ------------ TOTAL FIXED CHARGES 275 187 164 157 150 298 ====== ====== ====== ====== ======= ============ RATIO OF EARNINGS TO FIXED CHARGES 0.97 6.86 7.05 5.21 9.15 4.68 - -