EX-12.1 6 d326328dex121.htm EX-12.1 EX-12.1

Exhibit 12.1

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

 

     Successor     Predecessor  
     Year Ended December 31,              
     2016     2015     2014     2013     Period from
November 17,
through
December 31,
2012		     Period from
January 1,
through
November 16,
2012		  
            
     (in thousands)  

Fixed Charges:

               

Interest expense

    $ 197,965     $ 161,339     $ 147,511     $ 114,476     $ 12,645     $ 106,620  

Capitalized interest

      5,318       5,047       3,624       2,028       217       1,649  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Portion of rental expense which represents interest factor (1)

      203,283       166,386       151,135       116,504       12,862       108,269  

Total Fixed Charges

               

Earnings Available for Fixed Charges:

               

Pretax loss from continuing operations

      (275,890 )      (278,756 )      (238,146 )      (120,921 )      (41,005 )      (149,674 ) 

Distributed equity income of affiliated companies

      —         —         —         —         216       6  

Add: Fixed Charges

      203,283       166,386       151,135       116,504       12,862       108,269  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Total earnings available for fixed charges

    $ (72,674 )    $ (112,370 )    $ (87,011 )    $ (4,417 )    $ (27,927 )    $ (41,399 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Earnings for the period were insufficient to cover fixed charges by the following amounts:

      (275,890 )      (278,756 )      (238,146 )      (120,921 )      (40,789 )      (149,668 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Ratio of earnings to fixed charges (2)

      NM       NM       NM       NM       NM       NM  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

 

(1) Represents the portion of rental expense deemed to be attributable to interest
(2) NM - Not meaningful