Attached files
| file | filename |
|---|---|
| 8-K - FORM 8-K - ENERGEN CORP | d8k.htm |
| EX-5.1 - OPINION OF BRADLEY ARANT BOULT CUMMINGS LLP - ENERGEN CORP | dex51.htm |
| EX-1.1 - UNDERWRITING AGREEMENT - ENERGEN CORP | dex11.htm |
| EX-4.1 - OFFICERS' CERTIFICATE - ENERGEN CORP | dex41.htm |
Exhibit 12.1
Energen Corporation
Computation of Ratio of Earnings to Fixed Charges
(In Thousands, Except for Ratios)
| 6 Months Ended 6/30/11 | 6
Months Ended 06/30/10 |
Pro Forma 12 Months Ended 12/31/10 |
12
Months Ended 12/31/10 |
12
Months Ended 12/31/09 |
12
Months Ended 12/31/08 |
12
Months Ended 12/31/07 |
12
Months Ended 12/31/06 |
|||||||||||||||||||||||||||||
| Pro Forma | ||||||||||||||||||||||||||||||||||||
| Earnings, as defined: |
||||||||||||||||||||||||||||||||||||
|
Income from continuing operations before |
$ | 242,804 | $ | 249,082 | $ | 270,540 | $ | 439,706 | $ | 457,797 | $ | 400,296 | $ | 514,958 | $ | 476,641 | $ | 428,553 | ||||||||||||||||||
| Add: |
||||||||||||||||||||||||||||||||||||
| Interest, net of amounts capitalized (1) |
25,065 | 18,787 | 19,746 | 57,139 | 39,048 | 39,121 | 41,806 | 46,935 | 48,405 | |||||||||||||||||||||||||||
| Appropriate portion of rent expense (1/3)* |
3,217 | 3,217 | 3,113 | 6,190 | 6,190 | 7,176 | 7,134 | 6,071 | 5,282 | |||||||||||||||||||||||||||
| Dividends on preferred stock of subsidiary |
0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||
| Total earnings, as defined |
$ | 271,086 | $ | 271,086 | $ | 293,399 | $ | 503,035 | $ | 503,035 | $ | 446,593 | $ | 563,898 | $ | 529,647 | $ | 482,240 | ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||
| Fixed charges, as defined: |
||||||||||||||||||||||||||||||||||||
| Interest (1) |
$ | 25,145 | $ | 18,867 | $ | 19,804 | $ | 57,313 | $ | 39,222 | $ | 39,379 | $ | 41,981 | $ | 47,100 | $ | 48,652 | ||||||||||||||||||
| Appropriate portion of rent expense (1/3)* |
3,217 | 3,217 | 3,113 | 6,190 | 6,190 | 7,176 | 7,134 | 6,071 | 5,282 | |||||||||||||||||||||||||||
| Dividends on preferred stock of subsidiary |
0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||
| Total fixed charges, as defined: |
$ | 28,362 | $ | 22,084 | $ | 22,917 | $ | 63,503 | $ | 45,412 | $ | 46,555 | $ | 49,115 | $ | 53,171 | $ | 53,934 | ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||
| Ratio of earnings to fixed charges |
9.56 | 12.28 | 12.80 | 7.92 | 11.08 | 9.59 | 11.48 | 9.96 | 8.94 | |||||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||
| (1) | Includes amortization of debt discount and expense |