Attached files
| file | filename |
|---|---|
| 8-K - ANR 8-K 05-16-2011 - Alpha Natural Resources, Inc. | anr8k05162011.htm |
| EX-99.1 - PRESS RELEASE DATED MAY 13, 2011 - Alpha Natural Resources, Inc. | exhibit991.htm |
| EX-99.2 - UNAUDITED PRO FORMA INFORMATION - Alpha Natural Resources, Inc. | exhibit992.htm |
Exhibit 12.1
|
Alpha Natural Resources, Inc. and Subsidiaries
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Computation of Pro Forma Ratio of Earnings to Fixed Charges
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||||||||||
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(Amounts in thousands except ratio)
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||||||||||
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Alpha Historical
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Massey Historical
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Combined
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Adjustments
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Pro Forma
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||||||
|
|
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Three Months Ended
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Three Months Ended
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Three Months Ended
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Three Months Ended
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Three Months Ended
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March 31, 2011
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March 31, 2011
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March 31, 2011
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March 31, 2011
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March 31, 2011
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| (in millions of dollars) |
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Earnings:
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Income (loss) from continuing operations before income taxes
|
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$ 63,815
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$ (10,015)
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$ 53,800
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$ (11,265)
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$ 42,535
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Adjustments:
|
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|||||||||
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Fixed charges
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17,332
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34,064
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51,396
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11,265
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62,661
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||||
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Loss from equity investees
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586
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-
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586
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-
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586
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Amortization of capitalized interest
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25
|
15
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40
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-
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40
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||||
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Capitalized interest
|
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(118)
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-
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(118)
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-
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(118)
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||||
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$ 81,640
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$ 24,064
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$ 105,704
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$ -
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$ 105,704
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|||||
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Fixed Charges:
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Interest expense
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$ 15,610
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$ 25,751
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$ 41,361
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$ 11,265
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$ 52,626
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||||
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Portion of rental expense representative of interest
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1,604
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8,313
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9,917
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-
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9,917
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||||
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Capitalized interest
|
|
118
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- |
118
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-
|
118
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$ 17,332
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$ 34,064
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$ 51,396
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$ 11,265
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$ 62,661
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|||||
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Ratio of earnings to fixed charges
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4.71
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0.71
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2.06
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1.69
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Alpha Natural Resources, Inc. and Subsidiaries
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||||||||||
|
Computation of Pro Forma Ratio of Earnings to Fixed Charges
|
||||||||||
|
(Amounts in thousands except ratio)
|
||||||||||
|
Alpha Historical
|
Massey Historical
|
Combined
|
Adjustments
|
Pro Forma
|
||||||
|
|
|
Year Ended
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Year Ended
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Year Ended
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Year Ended
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Year Ended
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||||
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December 31, 2010
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December 31, 2010
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December 31, 2010
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December 31, 2010
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December 31, 2010
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| (in millions of dollars) |
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Earnings:
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Income (loss) from continuing operations before income taxes
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$ 101,436
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$ (233,597)
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$ (132,161)
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$ (44,784)
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$ (176,945)
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Adjustments:
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Fixed charges
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83,184
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133,975
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217,159
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44,784
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261,943
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Loss from equity investees
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1,706
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-
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1,706
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-
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1,706
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Amortization of capitalized interest
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106
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60
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166
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-
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166
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Capitalized interest
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(2,152)
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-
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(2,152)
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-
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(2,152)
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$ 184,280
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$ (99,562)
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$ 84,718
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$ -
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$ 84,718
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Fixed Charges:
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Interest expense
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$ 73,463
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$ 102,243
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175,706
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44,784
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220,490
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Loss on early extinguishment of debt
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1,349
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-
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1,349
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-
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1,349
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|||||
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Portion of rental expense representative of interest
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6,220
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31,732
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37,952
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-
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37,952
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||||
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Capitalized interest
|
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2,152
|
-
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2,152
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-
|
2,152
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||||
|
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$ 83,184
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$ 133,975
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$ 217,159
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$ 44,784
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$ 261,943
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|||||
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Ratio of earnings to fixed charges
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2.22
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(0.74)
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0.39
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0.32
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Deficiency amount
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$ -
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$ (99,562)
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$ -
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$ -
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