Verso Corp - FORM 10-Q - EX-12 - COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES - November 13, 2014

Attached files

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EXCEL - IDEA: XBRL DOCUMENT - Verso CorpFinancial_Report.xls
EX-32.2 - CERTIFICATION OF PRINCIPAL FINANCIAL OFFICER OF VERSO PAPER CORP. - Verso Corpexhibit3229302014.htm
EX-31.4 - CERTIFICATION OF PRINCIPAL FINANCIAL OFFICER OF VERSO PAPER HOLDINGS LLC - Verso Corpexhibit3149302014.htm
EX-32.3 - CERTIFICATION OF PRINCIPAL EXECUTIVE OFFICER OF VERSO PAPER HOLDINGS LLC - Verso Corpexhibit3239302014.htm
EX-31.1 - CERTIFICATION OF PRINCIPAL EXECUTIVE OFFICER OF VERSO PAPER CORP. - Verso Corpexhibit3119302014.htm
EX-32.4 - CERTIFICATION OF PRINCIPAL FINANCIAL OFFICER OF VERSO PAPER HOLDINGS LLC - Verso Corpexhibit3249302014.htm
EX-31.2 - CERTIFICATION OF PRINCIPAL FINANCIAL OFFICER OF VERSO PAPER CORP. - Verso Corpexhibit3129302014.htm
EX-31.3 - CERTIFICATION OF PRINCIPAL EXECUTIVE OFFICER OF VERSO PAPER HOLDINGS LLC - Verso Corpexhibit3139302014.htm
10-Q - 10-Q - Verso Corpvrs9302014q3.htm
EX-32.1 - CERTIFICATION OF PRINCIPAL EXECUTIVE OFFICER OF VERSO PAPER CORP. - Verso Corpexhibit3219302014.htm


EXHIBIT 12
 
VERSO PAPER HOLDINGS LLC
RATIO OF EARNINGS TO FIXED CHARGES
(Unaudited)
 
 
 
 
 
Three Months Ended
 
Nine Months Ended
 
September 30,
 
September 30,
(Dollars in thousands)
2014
 
2013
 
2014
 
2013
Earnings (Loss):
 
 
 
 
 
 
 
Net loss
$
(36,163
)
 
$
(9,755
)
 
$
(169,594
)
 
$
(90,563
)
Amortization of capitalized interest
149

 
142

 
439

 
411

Capitalized interest
(396
)
 
(520
)
 
(1,616
)
 
(842
)
Fixed charges (below)
38,070

 
35,927

 
111,379

 
106,959

Loss adjusted for fixed charges
$
1,660

 
$
25,794

 
$
(59,392
)
 
$
15,965

Fixed charges:
 

 
 

 
 
 
 
Interest expense
$
37,084

 
$
34,721

 
$
107,994

 
$
103,979

Capitalized interest
396

 
520

 
1,616

 
842

Portion of rent expense representative of interest
590

 
686

 
1,769

 
2,138

Total fixed charges
$
38,070

 
$
35,927

 
$
111,379

 
$
106,959

Coverage deficiency
$
36,410

 
$
10,133

 
$
170,771

 
$
90,994



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