EX-12.1 5 d448749dex121.htm EX-12.1 EX-12.1

Exhibit 12.1

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

(In thousands)

 

    Successor      Predecessor  
    Six months
ended June 30
    Year ended December 31,               
    2017     2016     2016     2015     2014     2013     Period from
November 17,
through
December 31,
2012
     Period from
January 1,
through
November 16,
2012
 

Fixed Charges:

                  

Interest expense

  $ 108,639       92,865     $ 197,965     $ 161,339     $ 147,511     $ 114,476     $ 12,645      $ 106,620  

Capitalized interest

    —         —         —         —         —         —         —          —    

Portion of rental expense which represents interest factor (1)

    2,743       2,653       5,318       5,047       3,624       2,028       217        1,649  
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

    

 

 

 

Total Fixed Charges

    111,382       95,518       203,283       166,386       151,135       116,504       12,862        108,269  

Earnings Available for Fixed Charges:

                  

Pretax loss from continuing operations

    (165,722)       (134,143)       (275,890)       (278,756)       (238,146)       (120,921)       (41,005)        (149,674)  

Distributed equity income of affiliated companies

    —         —         —         —         —         —         216        6  

Add: Fixed Charges

    111,382       95,518       203,283       166,386       151,135       116,504       12,862        108,269  
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

    

 

 

 

Total earnings available for fixed charges

  $ (54,340)       (38,625)     $ (72,607)     $ (112,370)     $ (87,011)     $ (4,417)     $ (27,927)      $ (41,399)  
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

    

 

 

 

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

  $ (165,722)       (134,413)       (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       NM        NM  
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

    

 

 

 

 

 

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