EX-12.1 4 d67649exv12w1.htm EX-12.1 exv12w1
Exhibit 12.1
Range Resources Corporation
COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES (in thousands except ratios)
                                                 
    3 months ended                                
    March 31                                
    2009     2008     2007     2006     2005     2004  
EARNINGS:
                                               
Income from continuing operations before provision for income taxes
  $ 51,435     $ 542,594     $ 265,737     $ 315,701     $ 176,985     $ 68,310  
Share of distributed income of equity method investments (net of equity method income or loss)
    919       419       (974 )     (548 )            
Fixed charges
    27,362       102,784       79,519       57,466       38,312       22,965  
 
                                   
Total earnings
  $ 79,716     $ 645,797     $ 344,282     $ 372,619     $ 214,297     $ 91,275  
 
                                   
FIXED CHARGES:
                                               
Interest expense (1)
  $ 26,629     $ 99,748     $ 77,737     $ 55,849     $ 37,619     $ 22,437  
Interest portion of rental expense
  $ 733     $ 3,036     $ 1,782     $ 1,617     $ 693     $ 528  
 
                                   
Total fixed charges
  $ 27,362     $ 102,784     $ 79,519     $ 57,466     $ 38,312     $ 22,965  
 
                                   
Ratio of earnings to fixed charges
    2.9       6.3       4.3       6.5       5.6       4.0  
 
(1)   Amortization of debt issuance costs is included in interest expense.