EX-12.1 3 w73126a1exv12w1.htm EX-12.1 exv12w1
Exhibit 12.1
Statement of Computation of Ratio of Earnings to Fixed Charges
(UNAUDITED)
Atlas Energy Resources, LLC
(amounts in thousands except ratios)
                    
    Year Ended  
    December 31,     December 31,  
    2007     2008  
Earnings:
                
Income before income tax expense
   $ 117,504     $ 142,779  
Fixed charges
     33,153       61,721  
Minority interest
     32       64  
Loss from equity investee
     158       (233 ) 
Interest capitalized
     (2,730 )     (4,994 )
Amortization of previously capitalized interest
     191       423  
 
            
Total
   $ 148,308     $ 199,760  
 
            
 
                
Fixed Charges:
                
Interest cost and debt expense
     30,096     $ 56,306  
Interest allocable to rental expense(1)
     327       421  
Interest capitalized
     2,730       4,994  
 
            
Total Fixed charges
   $ 33,153     $ 61,721  
 
            
 
                
Ratio of Earnings to Fixed Charges
     4.47 x     3.24  
 
            
 
(1)   Represents one-third of the total operating lease rental expense which is that portion deemed to be interest.