Attached files
file | filename |
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8-K - FORM 8-K - Alpha Natural Resources, Inc. | d417735d8k.htm |
EX-99.1 - PRESS RELEASE DATED SEPTEMBER 27, 2012 - Alpha Natural Resources, Inc. | d417735dex991.htm |
EX-99.2 - PRESS RELEASE DATED SEPTEMBER 27, 2012 - Alpha Natural Resources, Inc. | d417735dex992.htm |
Exhibit 12.1
Alpha Natural Resources, Inc
Computation of ProForma Ratio of Earnings to Fixed Charges
(Amounts in thousands)
Six Months Ended June 30, 2012 |
Year
ended December 31, 2011(1) |
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(adjusted) | ||||||||
Earnings: |
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Loss from continuing operations before income taxes |
$ | (2,771,943 | ) | $ | (796,323 | ) | ||
Adjustments: |
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Fixed charges |
123,024 | 208,104 | ||||||
Loss from equity investees |
811 | 1,268 | ||||||
Amortization of capitalized interest |
104 | 106 | ||||||
Capitalized interest |
(1,178 | ) | (1,925 | ) | ||||
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$ | (2,649,182 | ) | $ | (588,770 | ) | |||
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Fixed Charges: |
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Interest expense |
106,906 | 171,789 | ||||||
Loss on early extinguishment of debt |
| 10,026 | ||||||
Portion of rental expense representative of interest |
14,940 | 24,364 | ||||||
Capitalized interest |
1,178 | 1,925 | ||||||
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$ | 123,024 | $ | 208,104 | |||||
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Pro forma ratio of earnings to fixed charges(2) |
N/A | (3) | N/A | (3) |
(1) | As adjusted to reflect the final purchase price allocation and associated retrospective application thereof related to the acquisition of Massey Energy Company and other adjustments. |
(2) | Assumes $500 million aggregate principal amount of 8.25% notes intended to be offered and the redemption of $350 million aggregate principal amount of the 3.25% Convertible Senior Notes due 2015 issued by Alpha Appalachia Holdings, Inc. (formerly Massey Energy Company). |
(3) | The pro forma ratio of earnings to fixed charges was less than one-to-one for the year ended December 31, 2011 (as adjusted) and the six months ended June 30, 2012. Additional earnings of $796.9 million and $2.8 billion, respectively, would be needed to have a one-to-one pro forma ratio of earnings to fixed charges. |