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-12.1 - EXHIBIT 12.1 - PEABODY ENERGY CORP | exh121.htm |
| 8-K - 8-K - PEABODY ENERGY CORP | btu8k20170410.htm |
Exhibit 12.2
PEABODY ENERGY CORPORATION
UNAUDITED PRO FORMA COMPUTATION OF RATIO OF EARNINGS TO COMBINED FIXED CHARGES AND PREFERENCE SECURITY DIVIDENDS
Dollars in millions | 2016 | |||
Income from Continuing Operations Before Income Taxes | $ | 53.5 | ||
Interest Expense | 181.6 | |||
Interest Portion of Rental Expense | 45.1 | |||
Income from Equity Affiliates | (16.2 | ) | ||
Adjusted Earnings | $ | 264.0 | ||
Interest Expense | $ | 181.6 | ||
Interest Portion of Rental Expense | 45.1 | |||
Preference Security Dividend (1) | 65.1 | |||
Adjusted Combined Fixed Charges and Preference Security Dividends | $ | 291.8 | ||
Ratio of Earnings to Combined Fixed Charges and Preference Security Dividends | (2) | |||
(1) Reflects 8.5% assumed dividend rate per annum, payable semiannually in kind as a dividend of additional shares of preferred equity.
(2) Pro forma earnings were insufficient to cover pro forma combined fixed charges and preference security dividends by approximately $27.8 million for the year ended December 31, 2016.