EX-12.1 2 a2220299zs-12_1.htm EX-12.1
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Exhibit 12.1

ATHLON HOLDINGS LP
RATIOS OF EARNINGS TO FIXED CHARGES
(in thousands, except ratios)

 
   Historical  
 
   Three months
ended
March 31, 		  Year ended December 31,  
 
   2014   2013   2013   2012   2011  

Fixed charges:

                                

Interest expense           

   $ 9,178     4,474   $ 36,669   $ 9,951   $ 2,945  

Capitalized interest

     1,214     42     343     219     —  

Rental expense attributable to interest                

     13     12     49     51     27  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total fixed charges

   $ 10,405   $ 4,528   $ 37,061   $ 10,221   $ 2,972  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                       

Earnings:

                                

Income (loss) before income taxes

   $ 31,509   $ 10,906   $ 80,438   $ 54,942   $ (659 )

Plus: fixed charges           

     10,405     4,528     37,061     10,221     2,972  

Plus: amortization of capitalized interest

     8     2     16     2     —  

Less: capitalized interest                     

     (1,214 )   (42 )   (343 )   (219 )   —  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total earnings

   $ 40,708   $ 15,394   $ 117,172   $ 64,946   $ 2,313  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                       

Ratio of earnings to fixed charges(a)

     3.9     3.4     3.2     6.4     0.8  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                       
(a)
For 2011, earnings as defined were inadequate to cover fixed charges as defined by $659,000.



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ATHLON HOLDINGS LP RATIOS OF EARNINGS TO FIXED CHARGES (in thousands, except ratios)