Attached files
| file | filename |
|---|---|
| EX-5.2 - EX-5.2 - GOODRICH PETROLEUM CORP | d264099dex52.htm |
| EX-23.3 - EX-23.3 - GOODRICH PETROLEUM CORP | d264099dex233.htm |
| EX-23.2 - EX-23.2 - GOODRICH PETROLEUM CORP | d264099dex232.htm |
| EX-23.1 - EX-23.1 - GOODRICH PETROLEUM CORP | d264099dex231.htm |
| EX-5.1 - EX-5.1 - GOODRICH PETROLEUM CORP | d264099dex51.htm |
| S-1 - S-1 - GOODRICH PETROLEUM CORP | d264099ds1.htm |
Exhibit 12.1
Ratio of Earnings to Fixed Charges
| Nine Months | ||||||||||||||||||||||||
| Ended | ||||||||||||||||||||||||
| September 30, | Year ended December 31, | |||||||||||||||||||||||
| 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | |||||||||||||||||||
| Earnings: |
||||||||||||||||||||||||
| Income (loss) before income taxes |
$ | (13,986 | ) | $ | (479,424 | ) | $ | (353,136 | ) | $ | (95,186 | ) | $ | (84,202 | ) | $ | (31,758 | ) | ||||||
| Plus: fixed charges |
1,251 | 54,807 | 47,829 | 51,187 | 52,403 | 49,351 | ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||
| Earnings available for fixed charges |
$ | (12,735 | ) | $ | (424,617 | ) | $ | (305,307 | ) | $ | (43,999 | ) | $ | (31,799 | ) | $ | 17,593 | |||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||
| Fixed Charges: |
||||||||||||||||||||||||
| Interest expense |
$ | 1,251 | $ | 54,807 | $ | 47,829 | $ | 51,187 | $ | 52,403 | $ | 49,351 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||
| Total fixed charges |
$ | 1,251 | $ | 54,807 | $ | 47,829 | $ | 51,187 | $ | 52,403 | $ | 49,351 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||
| Ratio of Earnings to Fixed Charges |
(a | ) | (b | ) | (c | ) | (d | ) | (e | ) | (f | ) | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||
| $ | (13,986 | ) | $ | (479,424 | ) | $ | (353,136 | ) | $ | (95,186 | ) | $ | (84,202 | ) | $ | (31,758 | ) | |||||||
| (a) | Earnings for the nine months ended September 30, 2016 were inadequate to cover fixed charges. The coverage deficiency was $14.0 million. |
| (b) | Earnings for the year ended December 31, 2015 were inadequate to cover fixed charges. The coverage deficiency was $479.4 million. |
| (c) | Earnings for the year ended December 31, 2014 were inadequate to cover fixed charges. The coverage deficiency was $353.1 million. |
| (d) | Earnings for the year ended December 31, 2013 were inadequate to cover fixed charges. The coverage deficiency was $95.2 million. |
| (e) | Earnings for the year ended December 31, 2012 were inadequate to cover fixed charges. The coverage deficiency was $84.2 million. |
| (f) | Earnings for the year ended December 31, 2011 were inadequate to cover fixed charges. The coverage deficiency was $31.8 million |