Attached files
file | filename |
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EXCEL - IDEA: XBRL DOCUMENT - PENN VIRGINIA CORP | Financial_Report.xls |
EX-31.2 - EXHIBIT 31.2 - PENN VIRGINIA CORP | pva-20140930xex312.htm |
EX-31.1 - EXHIBIT 31.1 - PENN VIRGINIA CORP | pva-20140930xex311.htm |
EX-32.2 - EXHIBIT 32.2 - PENN VIRGINIA CORP | pva-20140930xex322.htm |
EX-32.1 - EXHIBIT 32.1 - PENN VIRGINIA CORP | pva-20140930xex321.htm |
10-Q - 10-Q - PENN VIRGINIA CORP | pva-20140930x10q.htm |
EX-10.1 - EXHIBIT 10.1 - PENN VIRGINIA CORP | pva-20140930xex101.htm |
Exhibit 12.1
Penn Virginia Corporation and Subsidiaries
Statement of Computation of Ratio of Earnings to Fixed Charges and Preferred Stock Dividends
(in thousands, except ratios)
Nine Months Ended | |||||||||||||||||||||||
September 30, | Year Ended December 31, | ||||||||||||||||||||||
2014 | 2013 | 2012 | 2011 | 2010 | 2009 | ||||||||||||||||||
Earnings: | |||||||||||||||||||||||
Income (loss) from continuing operations before income taxes | $ | 7,763 | $ | (220,766 | ) | $ | (173,291 | ) | $ | (221,070 | ) | $ | (108,178 | ) | $ | (216,750 | ) | ||||||
Fixed charges | 85,783 | 97,903 | 66,616 | 62,002 | 60,003 | 52,539 | |||||||||||||||||
Capitalized interest | (4,875 | ) | (5,266 | ) | (803 | ) | (1,983 | ) | (1,384 | ) | (2,318 | ) | |||||||||||
Preferred stock dividend requirements | (11,150 | ) | (10,647 | ) | (2,793 | ) | — | — | — | ||||||||||||||
$ | 77,521 | $ | (138,776 | ) | $ | (110,271 | ) | $ | (161,051 | ) | $ | (49,559 | ) | $ | (166,529 | ) | |||||||
Fixed charges: | |||||||||||||||||||||||
Interest expense | $ | 67,716 | $ | 78,841 | $ | 59,339 | $ | 56,216 | $ | 53,679 | $ | 44,231 | |||||||||||
Capitalized interest | 4,875 | 5,266 | 803 | 1,983 | 1,384 | 2,318 | |||||||||||||||||
Rent factor | 2,042 | 3,149 | 3,681 | 3,803 | 4,940 | 5,990 | |||||||||||||||||
Preferred stock dividend requirements | 11,150 | 10,647 | 2,793 | — | — | — | |||||||||||||||||
$ | 85,783 | $ | 97,903 | $ | 66,616 | $ | 62,002 | $ | 60,003 | $ | 52,539 | ||||||||||||
Ratio of earnings to fixed charges and preferred stock dividends 1 | — | — | — | — | — | — | |||||||||||||||||
1 During the nine months ended September 30, 2014, earnings were deficient by $8,262. During the years ended December 31, 2013, 2012, 2011, 2010 and 2009, earnings were deficient by $236,679, $176,887, $223,053, $109,562 and $219,068, respectively, regarding the coverage of fixed charges and preferred stock dividends.