BILL BARRETT CORP - FORM 10-K - EX-12.1 - COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES - February 23, 2010

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10-K - FORM 10-K - BILL BARRETT CORPd10k.htm
EX-21.1 - SUBSIDIARIES OF THE REGISTRANT - BILL BARRETT CORPdex211.htm
EX-31.2 - CERTIFICATION OF THE CFO PURSUANT TO SECTION 302 - BILL BARRETT CORPdex312.htm
EX-31.1 - CERTIFICATION OF THE CEO PURSUANT TO SECTION 302 - BILL BARRETT CORPdex311.htm
EX-23.1 - CONSENT OF DELOITTE & TOUCHE LLP - BILL BARRETT CORPdex231.htm
EX-32 - CERTIFICATION OF THE CEO/CFO PURSUANT TO SECTION 906 - BILL BARRETT CORPdex32.htm
EX-99.1 - REPORT OF NETHERLAND, SEWELL & ASSOCIATES, INC. DATED FEBRUARY 2, 2010 - BILL BARRETT CORPdex991.htm
EX-23.2 - CONSENT OF NETHERLAND, SEWELL & ASSOCIATES, INC., INDEPENDENT PETROLEUM ENGINEER - BILL BARRETT CORPdex232.htm

Exhibit 12.1

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES AND RATIO OF EARNINGS TO COMBINED

FIXED CHARGES AND PREFERRED STOCK DIVIDENDS

 

     Year Ended December 31,  
     2005     2006     2007     2008     2009  
     ($ in thousands)  

Pre-tax income from continuing operations

    $ 39,027      $ 101,136      $ 43,998      $ 168,434      $ 88,174   

Fixed charges and preferred dividends

      3,465        11,761        14,677        21,853        35,696   

Amortization of capitalized interest

      —          7        87        149        404   

Interest capitalized

      —          (968 )      (1,622 )      (1,666 )      (4,576 ) 

Preferred dividends

      —          —          —          —          —     
                                        

Total adjusted earnings available for payment of fixed charges

    $ 42,492      $ 111,936      $ 57,140      $ 188,770      $ 119,698   
                                        

Fixed charges and preferred dividends

           

Interest expense

    $ 1,999      $ 9,783      $ 12,119      $ 18,128      $ 28,143   

Interest capitalized

      —          968        1,622        1,666        4,576   

Amortization of debt-related expenses

      1,175        556        482        1,590        2,504   

Rental expense representative of interest factor

      291        454        454        469        473   

Preferred dividends

      —          —          —          —          —     
                                        

Total fixed charges and preferred dividends

    $ 3,465      $ 11,761      $ 14,677      $ 21,853      $ 35,696   
                                        

Ratio of earnings to fixed charges

      12.3 x      9.5 x      3.9 x      8.6 x      3.4 x 

Ratio of earnings to combined fixed charges and preferred dividends(1)

      12.3 x      9.5 x      3.9 x      8.6 x      3.4 x 

 

(1) The ratio of earnings to combined fixed charges and preferred dividends is the same as the ratio of earnings to fixed charges because no shares of preferred stock were outstanding during those periods.

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