Attached files
| file | filename |
|---|---|
| EX-99.1 - EX-99.1 - PEABODY ENERGY CORP | d382108dex991.htm |
| EX-12.1 - EX-12.1 - PEABODY ENERGY CORP | d382108dex121.htm |
| 8-K/A - FORM 8-K/A - PEABODY ENERGY CORP | d382108d8ka.htm |
Exhibit 12.2
PEABODY ENERGY CORPORATION
UNAUDITED PRO FORMA COMPUTATION OF RATIO OF EARNINGS TO COMBINED FIXED CHARGES AND PREFERENCE SECURITY DIVIDENDS
| Year Ended December 31, |
Three Months Ended March 31, |
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| Dollars in millions | 2016 | 2017 | ||||||
| Income from Continuing Operations Before Income Taxes |
$ | 53.5 | 190.5 | |||||
| Interest Expense |
181.6 | 44.6 | ||||||
| Interest Portion of Rental Expense |
45.1 | 9.7 | ||||||
| Income from Equity Affiliates |
(16.2 | ) | (15.0 | ) | ||||
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| Adjusted Earnings |
$ | 264.0 | 229.8 | |||||
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| Interest Expense |
$ | 181.6 | 44.6 | |||||
| Interest Portion of Rental Expense |
45.1 | 9.7 | ||||||
| Preference Security Dividend (1) |
65.1 | 16.3 | ||||||
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| Adjusted Combined Fixed Charges and Preference Security Dividends |
$ | 291.8 | 70.6 | |||||
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| Ratio of Earnings to Combined Fixed Charges and Preference Security Dividends |
(2 | ) | 3.3 | |||||
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| (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. |