Attached files
file | filename |
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10-Q - 10-Q - PENN VIRGINIA CORP | pva-20160630x10q.htm |
EX-32.2 - EXHIBIT 32.2 - PENN VIRGINIA CORP | pva-20160630xex322.htm |
EX-32.1 - EXHIBIT 32.1 - PENN VIRGINIA CORP | pva-20160630xex321.htm |
EX-31.2 - EXHIBIT 31.2 - PENN VIRGINIA CORP | pva-20160630xex312.htm |
EX-31.1 - EXHIBIT 31.1 - PENN VIRGINIA CORP | pva-20160630xex311.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)
Six Months June 30, | Year Ended December 31, | ||||||||||||||||||||||
2016 | 2015 | 2014 | 2013 | 2012 | 2011 | ||||||||||||||||||
Earnings: | |||||||||||||||||||||||
Loss from continuing operations before income taxes | $ | (95,453 | ) | $ | (1,588,332 | ) | $ | (541,270 | ) | $ | (220,766 | ) | $ | (173,291 | ) | $ | (221,070 | ) | |||||
Fixed charges | 60,282 | 122,505 | 121,608 | 97,903 | 66,616 | 62,002 | |||||||||||||||||
Capitalized interest | (183 | ) | (6,288 | ) | (7,232 | ) | (5,266 | ) | (803 | ) | (1,983 | ) | |||||||||||
Preferred stock dividend requirements | (2,820 | ) | (22,866 | ) | (22,661 | ) | (10,647 | ) | (2,793 | ) | — | ||||||||||||
$ | (38,174 | ) | $ | (1,494,981 | ) | $ | (449,555 | ) | $ | (138,776 | ) | $ | (110,271 | ) | $ | (161,051 | ) | ||||||
Fixed charges: | |||||||||||||||||||||||
Interest expense | $ | 56,655 | $ | 90,951 | $ | 88,831 | $ | 78,841 | $ | 59,339 | $ | 56,216 | |||||||||||
Capitalized interest | 183 | 6,288 | 7,232 | 5,266 | 803 | 1,983 | |||||||||||||||||
Rent factor | 624 | 2,400 | 2,884 | 3,149 | 3,681 | 3,803 | |||||||||||||||||
Preferred stock dividend requirements | 2,820 | 22,866 | 22,661 | 10,647 | 2,793 | — | |||||||||||||||||
$ | 60,282 | $ | 122,505 | $ | 121,608 | $ | 97,903 | $ | 66,616 | $ | 62,002 | ||||||||||||
Ratio of earnings to fixed charges and preferred stock dividends 1 | — | — | — | — | — | — | |||||||||||||||||
1 During the six months ended June 30, 2016 and the years ended December 31, 2015, 2014, 2013, 2012, and 2011, earnings were deficient by $98,456, $1,617,486, $571,163, $236,679, $176,887 and $223,053, respectively, regarding the coverage of fixed charges and preferred stock dividends.