Attached files
| file | filename |
|---|---|
| EX-32.1 - EXHIBIT 32.1 - PENN VIRGINIA CORP | pva-20150930xex321.htm |
| EX-32.2 - EXHIBIT 32.2 - PENN VIRGINIA CORP | pva-20150930xex322.htm |
| EX-31.2 - EXHIBIT 31.2 - PENN VIRGINIA CORP | pva-20150930xex312.htm |
| EX-10.1 - EXHIBIT 10.1 - PENN VIRGINIA CORP | pva-20150930xex101.htm |
| 10-Q - 10-Q - PENN VIRGINIA CORP | pva-20150930x10q.htm |
| EX-31.1 - EXHIBIT 31.1 - PENN VIRGINIA CORP | pva-20150930xex311.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, | ||||||||||||||||||||||
2015 | 2014 | 2013 | 2012 | 2011 | 2010 | ||||||||||||||||||
Earnings: | |||||||||||||||||||||||
Income (loss) from continuing operations before income taxes | $ | (111,788 | ) | $ | (541,270 | ) | $ | (220,766 | ) | $ | (173,291 | ) | $ | (221,070 | ) | $ | (108,178 | ) | |||||
Fixed charges | 92,943 | 121,608 | 97,903 | 66,616 | 62,002 | 60,003 | |||||||||||||||||
Capitalized interest | (4,854 | ) | (7,232 | ) | (5,266 | ) | (803 | ) | (1,983 | ) | (1,384 | ) | |||||||||||
Preferred stock dividend requirements | (18,133 | ) | (22,661 | ) | (10,647 | ) | (2,793 | ) | — | — | |||||||||||||
$ | (41,832 | ) | $ | (449,555 | ) | $ | (138,776 | ) | $ | (110,271 | ) | $ | (161,051 | ) | $ | (49,559 | ) | ||||||
Fixed charges: | |||||||||||||||||||||||
Interest expense | $ | 68,021 | $ | 88,831 | $ | 78,841 | $ | 59,339 | $ | 56,216 | $ | 53,679 | |||||||||||
Capitalized interest | 4,854 | 7,232 | 5,266 | 803 | 1,983 | 1,384 | |||||||||||||||||
Rent factor | 1,935 | 2,884 | 3,149 | 3,681 | 3,803 | 4,940 | |||||||||||||||||
Preferred stock dividend requirements | 18,133 | 22,661 | 10,647 | 2,793 | — | — | |||||||||||||||||
$ | 92,943 | $ | 121,608 | $ | 97,903 | $ | 66,616 | $ | 62,002 | $ | 60,003 | ||||||||||||
Ratio of earnings to fixed charges and preferred stock dividends 1 | — | — | — | — | — | — | |||||||||||||||||
1 During the nine months ended September 30, 2015, earnings were deficient by $134,775. During the years ended December 31, 2014, 2013, 2012, 2011 and 2010, earnings were deficient by $571,163, $236,679, $176,887, $223,053 and $109,562, respectively, regarding the coverage of fixed charges and preferred stock dividends.