Attached files
| file | filename |
|---|---|
| EX-99.2 - EXHIBIT 99.2 - PEABODY ENERGY CORP | ex992.htm |
| EX-99.1 - EXHIBIT 99.1 - PEABODY ENERGY CORP | exh991.htm |
| EX-12.2 - EXHIBIT 12.2 - PEABODY ENERGY CORP | exh122.htm |
| 8-K - 8-K - PEABODY ENERGY CORP | btu8k20170410.htm |
Exhibit 12.1
PEABODY ENERGY CORPORATION
COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES
Year Ended December 31, | ||||||||||||||||||||
Dollars in millions | 2012 | 2013 | 2014 | 2015 | 2016 | |||||||||||||||
Loss from Continuing Operations Before Income Taxes | $ | (208.6 | ) | $ | (734.3 | ) | $ | (547.9 | ) | $ | (1,990.3 | ) | $ | (758.3 | ) | |||||
Interest Expense | 405.6 | 425.2 | 428.2 | 533.2 | 328.1 | |||||||||||||||
Interest Portion of Rental Expense | 51.9 | 55.5 | 56.5 | 49.3 | 45.1 | |||||||||||||||
Losses (Income) from Equity Affiliates | 61.2 | 83.4 | 107.6 | 292.4 | (16.2 | ) | ||||||||||||||
Adjusted Earnings | $ | 310.1 | $ | (170.2 | ) | $ | 44.4 | $ | (1,115.4 | ) | $ | (401.3 | ) | |||||||
Interest Expense | $ | 405.6 | $ | 425.2 | $ | 428.2 | $ | 533.2 | $ | 328.1 | ||||||||||
Interest Portion of Rental Expense | 51.9 | 55.5 | 56.5 | 49.3 | 45.1 | |||||||||||||||
Adjusted Fixed Charges | $ | 457.5 | $ | 480.7 | $ | 484.7 | $ | 582.5 | $ | 373.2 | ||||||||||
Ratio of Earnings to Fixed Charges | (1) | (1) | (1) | (1) | (1) | |||||||||||||||
(1) Earnings were insufficient to cover fixed charges by approximately $147.4 million, $650.9 million, $440.3 million, $1,697.9 million and $ 774.5 million for the years ended December 31, 2012, 2013, 2014, 2015 and 2016, respectively.