Attached files
| file | filename |
|---|---|
| EX-99.1 - EXHIBIT 99.1 - BILL BARRETT CORP | bbg-12312016xex991.htm |
| EX-32 - EXHIBIT 32 - BILL BARRETT CORP | bbg-12312016xex32.htm |
| EX-31.2 - EXHIBIT 31.2 - BILL BARRETT CORP | bbg-12312016xex312.htm |
| EX-31.1 - EXHIBIT 31.1 - BILL BARRETT CORP | bbg-12312016xex311.htm |
| EX-23.2 - EXHIBIT 23.2 - BILL BARRETT CORP | bbg-12312016xex232.htm |
| EX-23.1 - EXHIBIT 23.1 - BILL BARRETT CORP | bbg-12312016xex231.htm |
| EX-21.1 - EXHIBIT 21.1 - BILL BARRETT CORP | bbg-12312016xex211.htm |
| EX-3.1 - EXHIBIT 3.1 - BILL BARRETT CORP | bbg-12312016xex31.htm |
| 10-K - 10-K - BILL BARRETT CORP | bbg-12312016x10xk.htm |
Exhibit 12.1
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
Year Ended December 31, | ||||||||||||||||||||
2012 | 2013 | 2014 | 2015 | 2016 | ||||||||||||||||
Pre-tax income from continuing operations | $ | 2,218 | $ | (311,366 | ) | $ | 32,990 | $ | (664,856 | ) | $ | (170,378 | ) | |||||||
Fixed charges | 96,698 | 89,112 | 70,107 | 65,776 | 59,844 | |||||||||||||||
Amortization of capitalized interest | 386 | 1,020 | 199 | 52 | 5 | |||||||||||||||
Interest capitalized | (531 | ) | — | — | — | — | ||||||||||||||
Total adjusted earnings available for payment of fixed charges | $ | 98,771 | $ | (221,234 | ) | $ | 103,296 | $ | (599,028 | ) | $ | (110,529 | ) | |||||||
Fixed charges | ||||||||||||||||||||
Interest expense | $ | 90,132 | $ | 83,765 | $ | 65,359 | $ | 60,682 | $ | 56,539 | ||||||||||
Interest capitalized | 531 | — | — | — | — | |||||||||||||||
Amortization of debt-related expenses | 5,374 | 4,743 | 4,264 | 4,623 | 2,834 | |||||||||||||||
Rental expense representative of interest factor | 661 | 605 | 484 | 471 | 471 | |||||||||||||||
Total fixed charges | $ | 96,698 | $ | 89,112 | $ | 70,107 | $ | 65,776 | $ | 59,844 | ||||||||||
Ratio of earnings to fixed charges | 1.0 | x | (2.5 | ) | (1) | 1.5 | x | (9.1 | ) | (2) | (1.8 | ) | (3) | |||||||
(1) | Due to our net loss for the year ended December 31, 2013, the coverage ratio was less than 1:1. To achieve a coverage ratio of 1:1, we would have needed additional earnings of approximately $311.1 million for the year ended December 31, 2013. |
(2) | Due to our net loss for the year ended December 31, 2015, the coverage ratio was less than 1:1. To achieve a coverage ratio of 1:1, we would have needed additional earnings of approximately $664.8 million for the year ended December 31, 2015. |
(3) | Due to our net loss for the year ended December 31, 2016, the coverage ratio was less than 1:1. To achieve a coverage ratio of 1:1, we would have needed additional earnings of approximately $170.4 million for the year ended December 31, 2016. |