EX-12.2 4 h23859a1exv12w2.htm COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES & PREFERENCE SECURITIES DIVIDENDS exv12w2
 

Exhibit 12.2

GOODRICH PETROLEUM CORPORATION
RATIO OF EARNINGS TO FIXED CHARGES AND PREFERENCE SECURITIES DIVIDENDS

                                         
    Year ended December 31,  
    2004     2003     2002     2001     2000  
Fixed Charges:
                                        
Interest expense
   $ 1,109,902     $ 1,051,198     $ 985,185     $ 1,290,681     $ 4,390,331  
Preference securities dividends
     973,802       974,558       984,235       963,586       1,193,768  
 
                              
 
     2,083,704       2,025,756       1,969,420       2,254,267       5,584,099  
 
                              
Earnings:
                                        
Income (loss) before income taxes
     16,071,192       6,043,870       (1,457,383 )     3,445,640       3,476,737  
Plus: fixed charges
     2,083,704       2,025,756       1,969,420       2,254,267       5,584,099  
Preference securities dividends
     (973,802 )     (974,558 )     (984,235 )     (963,586 )     (1,193,768 )
 
                              
 
   $ 17,181,094     $ 7,095,068     $ (472,198 )   $ 4,736,321     $ 7,867,068  
 
                              
Ratio of Earnings to Fixed Charges and Preference Securities Dividends
     8.25       3.50       (0.24 )     2.10       1.41