Attached files
| file | filename |
|---|---|
| EX-32.2 - EXHIBIT 32.2 - Verso Paper Holdings LLC | a6389029ex322.htm |
| EX-32.1 - EXHIBIT 32.1 - Verso Paper Holdings LLC | a6389029ex321.htm |
| EX-31.1 - EXHIBIT 31.1 - Verso Paper Holdings LLC | a6389029ex311.htm |
| EX-31.2 - EXHIBIT 31.2 - Verso Paper Holdings LLC | a6389029ex312.htm |
| 10-Q - VERSO PAPER CORP. 10-Q - Verso Paper Holdings LLC | a6389029.htm |
Exhibit 12
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VERSO PAPER HOLDINGS LLC
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RATIO OF EARNINGS TO FIXED CHARGES
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(Unaudited)
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Three Months Ended
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Six Months Ended
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June 30,
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June 30,
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(In thousands, except ratio)
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2010
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2009
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2010
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2009
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Earnings (Loss):
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Income (loss) from continuing operations
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$ | (43,013 | ) | $ | (28,824 | ) | $ | (95,189 | ) | $ | 28,253 | |||||
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Amortization of capitalized interest
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40 | 38 | 80 | 72 | ||||||||||||
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Capitalized interest
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(304 | ) | (225 | ) | (341 | ) | (419 | ) | ||||||||
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Fixed charges (below)
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31,418 | 27,384 | 62,979 | 52,826 | ||||||||||||
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Earnings (loss) adjusted for fixed charges
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$ | (11,859 | ) | $ | (1,627 | ) | $ | (32,471 | ) | $ | 80,732 | |||||
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Fixed charges:
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Interest expense
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$ | 30,502 | $ | 26,598 | $ | 61,503 | $ | 51,314 | ||||||||
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Capitalized interest
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304 | 225 | 341 | 419 | ||||||||||||
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Portion of rent expense representative of interest
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612 | 561 | 1,135 | 1,093 | ||||||||||||
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Total fixed charges
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$ | 31,418 | $ | 27,384 | $ | 62,979 | $ | 52,826 | ||||||||
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Ratio of earnings to fixed charges
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- | - | - | 1.53 | ||||||||||||
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Coverage deficiency
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$ | 43,277 | $ | 29,011 | $ | 95,450 | $ | - | ||||||||