Attached files
| file | filename |
|---|---|
| EX-31.1 - EXHIBIT 31.1 - PENN VIRGINIA CORP | pva-20151231xex311.htm |
| EX-21.1 - SUBSIDIARIES OF PENN VIRGINIA CORPORATION - PENN VIRGINIA CORP | pva-20151231xex211.htm |
| EX-23.2 - CONSENT OF DEGOLYER AND MACNAUGHTON, INC - PENN VIRGINIA CORP | pva-20151231xex232.htm |
| EX-32.2 - EXHIBIT 32.2 - PENN VIRGINIA CORP | pva-20151231xex322.htm |
| EX-32.1 - EXHIBIT 32.1 - PENN VIRGINIA CORP | pva-20151231xex321.htm |
| EX-31.2 - EXHIBIT 31.2 - PENN VIRGINIA CORP | pva-20151231xex312.htm |
| EX-99.1 - EXHIBIT 99.1 - PENN VIRGINIA CORP | pva-20151231xex991.htm |
| EX-23.1 - CONSENT OF KPMG LLP - PENN VIRGINIA CORP | pva-20151231xex231.htm |
| EX-10.1.11 - EXHIBIT 10.1.11 - PENN VIRGINIA CORP | pva-20151231xex10111.htm |
| 10-K - 10-K - PENN VIRGINIA CORP | pva-20151231x10k.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)
Year Ended December 31, | |||||||||||||||||||
2015 | 2014 | 2013 | 2012 | 2011 | |||||||||||||||
Earnings: | |||||||||||||||||||
Income (loss) from continuing operations before income taxes | $ | (1,588,332 | ) | $ | (541,270 | ) | $ | (220,766 | ) | $ | (173,291 | ) | $ | (221,070 | ) | ||||
Fixed charges | 122,505 | 121,608 | 97,903 | 66,616 | 62,002 | ||||||||||||||
Capitalized interest | (6,288 | ) | (7,232 | ) | (5,266 | ) | (803 | ) | (1,983 | ) | |||||||||
Preferred stock dividend requirements | (22,866 | ) | (22,661 | ) | (10,647 | ) | (2,793 | ) | — | ||||||||||
$ | (1,494,981 | ) | $ | (449,555 | ) | $ | (138,776 | ) | $ | (110,271 | ) | $ | (161,051 | ) | |||||
Fixed charges: | |||||||||||||||||||
Interest expense | $ | 90,951 | $ | 88,831 | $ | 78,841 | $ | 59,339 | $ | 56,216 | |||||||||
Capitalized interest | 6,288 | 7,232 | 5,266 | 803 | 1,983 | ||||||||||||||
Rent factor | 2,400 | 2,884 | 3,149 | 3,681 | 3,803 | ||||||||||||||
Preferred stock dividend requirements | 22,866 | 22,661 | 10,647 | 2,793 | — | ||||||||||||||
$ | 122,505 | $ | 121,608 | $ | 97,903 | $ | 66,616 | $ | 62,002 | ||||||||||
Ratio of earnings to fixed charges and preferred stock dividends 1 | — | — | — | — | — | ||||||||||||||
1 During 2015, 2014, 2013, 2012, and 2011, earnings were deficient by $1,617,486, $571,163, $236,679, $176,887 and $223,053, respectively, regarding the coverage of fixed charges and preferred stock dividends.