Attached files
| file | filename |
|---|---|
| EXCEL - IDEA: XBRL DOCUMENT - Approach Resources Inc | Financial_Report.xls |
| EX-99.1 - EX-99.1 - Approach Resources Inc | d849976dex991.htm |
| EX-31.2 - EX-31.2 - Approach Resources Inc | d849976dex312.htm |
| EX-31.1 - EX-31.1 - Approach Resources Inc | d849976dex311.htm |
| EX-21.1 - EX-21.1 - Approach Resources Inc | d849976dex211.htm |
| EX-32.1 - EX-32.1 - Approach Resources Inc | d849976dex321.htm |
| EX-23.2 - EX-23.2 - Approach Resources Inc | d849976dex232.htm |
| EX-32.2 - EX-32.2 - Approach Resources Inc | d849976dex322.htm |
| EX-23.1 - EX-23.1 - Approach Resources Inc | d849976dex231.htm |
| 10-K - FORM 10-K - Approach Resources Inc | d849976d10k.htm |
EXHIBIT 12.1
APPROACH RESOURCES INC.
STATEMENT OF COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES
| Years ended December 31, | ||||||||||||||||||||
| (in thousands, except ratios) | 2010 | 2011 | 2012 | 2013 | 2014 | |||||||||||||||
| COMPUTATION OF EARNINGS |
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| Earnings before income taxes |
$ | 11,562 | $ | 10,730 | $ | 9,722 | $ | 114,763 | $ | 89,864 | ||||||||||
| Fixed charges |
2,219 | 3,426 | 4,766 | 4,766 | 21,670 | |||||||||||||||
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| $ | 13,781 | $ | 14,156 | $ | 14,488 | $ | 128,916 | $ | 111,534 | |||||||||||
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| COMPUTATION OF FIXED CHARGES: |
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| Interest expense(1) |
$ | 2,198 | $ | 3,402 | $ | 4,737 | $ | 14,125 | $ | 21,656 | ||||||||||
| Implicit interest in rent |
21 | 24 | 29 | 28 | 14 | |||||||||||||||
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| $ | 2,219 | $ | 3,426 | $ | 4,766 | $ | 14,153 | $ | 21,670 | |||||||||||
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| Ratio of earnings to fixed charges (2) |
6.21 | x | 4.13 | x | 3.04 | x | 9.11 | x | 5.15 | x | ||||||||||
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| (1) | For purposes of computing this ratio, we have excluded interest income from interest expense amounts reported on the consolidated statement of operations. |
| (2) | The ratio has been computed by dividing earnings by fixed charges. For purposes of computing the ratio, the numerator consists of the sum of (i) earnings, which includes income before income taxes, and (ii) fixed charges. The denominator consists of fixed charges, which includes interest expense and a portion of rentals representative of an implicit interest factor for such rentals. |