Attached files
| file | filename |
|---|---|
| EXCEL - IDEA: XBRL DOCUMENT - Berry Petroleum Company, LLC | Financial_Report.xls |
| EX-31.2 - CERTIFICATION OF CFO SECTION 302 - Berry Petroleum Company, LLC | a2014exhibit312.htm |
| EX-31.1 - CERTIFICATION OF CEO SECTION 302 - Berry Petroleum Company, LLC | a2014exhibit311.htm |
| EX-23.1 - CONSENT OF DEGOLYER AND MACNAUGHTON - Berry Petroleum Company, LLC | a2014exhibit231.htm |
| EX-32.1 - CERTIFICATION OF CEO SECTION 906 - Berry Petroleum Company, LLC | a2014exhibit321.htm |
| EX-32.2 - CERTIFICATION OF CFO SECTION 906 - Berry Petroleum Company, LLC | a2014exhibit322.htm |
| EX-10.12 - PARENT SUPPORT AGREEMENT - Berry Petroleum Company, LLC | a2014exhibit1012.htm |
| EX-99.1 - 2014 REPORT OF DEGOLYER AND MACNAUGHTON - Berry Petroleum Company, LLC | a2014exhibit991yeberrysecl.htm |
| 10-K - FORM 10-K 2014 - Berry Petroleum Company, LLC | berry2014form10-k.htm |
Exhibit 12.1
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(in thousands, except ratios)
Successor | Predecessor | |||||||||||||||||||||||||
December 31, 2014 | December 17, 2013 through December 31, 2013 | January 1, 2013 to December 16, 2013 | December 31, 2012 | December 31, 2011 | December 31, 2010 | |||||||||||||||||||||
Income (loss) from continuing operations before income taxes | $ | 22,665 | $ | (19,973 | ) | $ | 158,727 | $ | 259,660 | $ | (370,291 | ) | $ | 136,492 | ||||||||||||
Interest expense | 87,948 | 3,963 | 96,127 | 83,136 | 72,807 | 66,541 | ||||||||||||||||||||
Amortization of capitalized interest | 209 | — | 2,902 | 2,116 | 1,813 | — | ||||||||||||||||||||
Capitalized interest | 5,826 | 41 | 6,145 | 17,915 | 29,117 | 28,321 | ||||||||||||||||||||
Earnings | $ | 110,822 | $ | (16,010 | ) | $ | 257,756 | $ | 344,912 | $ | (295,671 | ) | $ | 203,033 | ||||||||||||
Ratio of earnings to fixed charges | 1.2 | — | (1) | 2.5 | 3.4 | — | (1) | 2.1 | ||||||||||||||||||
(1) | For the period from December 17, 2013 through December 31, 2013, earnings were insufficient to cover fixed charges by approximately $20 million, primarily due to approximately $16 million in costs associated with the LINN Energy transaction. For the year ended December 31, 2011, earnings were insufficient to cover fixed charges by approximately $398 million, primarily due to pre-tax, noncash impairment charges of approximately $625 million associated with natural gas properties in east Texas related to a decline in natural gas prices. |
For purposes of this table, “earnings” consists of earnings before income taxes plus interest expense and amortization of capitalized interest. “Fixed charges” consists of interest expensed and capitalized.