Attached files
| file | filename |
|---|---|
| EXCEL - IDEA: XBRL DOCUMENT - BILL BARRETT CORP | Financial_Report.xls |
| EX-23.2 - EXHIBIT 23.2 - BILL BARRETT CORP | bbg-12312014xex232.htm |
| EX-31.2 - EXHIBIT 31.2 - BILL BARRETT CORP | bbg-12312014xex312.htm |
| EX-23.1 - EXHIBIT 23.1 - BILL BARRETT CORP | bbg-12312014xex231.htm |
| EX-31.1 - EXHIBIT 31.1 - BILL BARRETT CORP | bbg-12312014xex311.htm |
| EX-99.1 - EXHIBIT 99.1 - BILL BARRETT CORP | bbg-12312014xex991.htm |
| EX-21.1 - EXHIBIT 21.1 - BILL BARRETT CORP | bbg-12312014xex211.htm |
| 10-K - 10-K - BILL BARRETT CORP | bbg-12312014x10xk.htm |
| EX-32 - EXHIBIT 32 - BILL BARRETT CORP | bbg-12312014xex32.htm |
Exhibit 12.1
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
Year Ended December 31, | ||||||||||||||||||||
2010 | 2011 | 2012 | 2013 | 2014 | ||||||||||||||||
Pre-tax income from continuing operations | $ | 128,455 | $ | 48,379 | $ | 2,218 | $ | (311,366 | ) | $ | 32,990 | |||||||||
Fixed charges | 49,051 | 52,255 | 96,698 | 89,112 | 70,107 | |||||||||||||||
Amortization of capitalized interest | 713 | 958 | 790 | 1,020 | 199 | |||||||||||||||
Interest capitalized | (4,247 | ) | (1,432 | ) | (531 | ) | — | — | ||||||||||||
Total adjusted earnings available for payment of fixed charges | $ | 173,972 | $ | 100,160 | $ | 99,175 | $ | (221,234 | ) | $ | 103,296 | |||||||||
Fixed charges | ||||||||||||||||||||
Interest expense | $ | 39,420 | $ | 45,207 | $ | 90,132 | $ | 83,765 | $ | 65,359 | ||||||||||
Interest capitalized | 4,247 | 1,432 | 531 | — | — | |||||||||||||||
Amortization of debt-related expenses | 4,882 | 5,113 | 5,374 | 4,743 | 4,264 | |||||||||||||||
Rental expense representative of interest factor | 502 | 503 | 661 | 605 | 484 | |||||||||||||||
Total fixed charges | $ | 49,051 | $ | 52,255 | $ | 96,698 | $ | 89,113 | $ | 70,107 | ||||||||||
Ratio of earnings to fixed charges (1) | 3.5 | x | 1.9 | x | 1.0 | x | (2.5 | ) | x | 1.5 | x | |||||||||
(1) | For the year ended December 31, 2013, earnings were insufficient to cover fixed charges by $310.3 million. The deficiency included the effect of a pre-tax non-cash impairment, dry-hole costs and abandonment expense charge of $238.4 million. The deficiency was also partially due to a pre-tax unrealized loss on commodity hedges of $28.4 million. |