Attached files
file | filename |
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EX-99.2 - EXHIBIT 99.2 - GOODRICH PETROLEUM CORP | exhibit992rscreport.htm |
EX-99.1 - EXHIBIT 99.1 - GOODRICH PETROLEUM CORP | exhibit991nsaireport.htm |
EX-32.2 - EXHIBIT 32.2 - GOODRICH PETROLEUM CORP | exhibit322rbarker.htm |
EX-32.1 - EXHIBIT 32.1 - GOODRICH PETROLEUM CORP | exhibit321ggoodrich.htm |
EX-31.2 - EXHIBIT 31.2 - GOODRICH PETROLEUM CORP | exhibit312rbarker.htm |
EX-31.1 - EXHIBIT 31.1 - GOODRICH PETROLEUM CORP | exhibit311ggoodrich.htm |
EX-23.4 - EXHIBIT 23.4 - GOODRICH PETROLEUM CORP | exhibit2342017rscconsent.htm |
EX-23.3 - EXHIBIT 23.3 - GOODRICH PETROLEUM CORP | exhibit2332017nsaiconsent.htm |
EX-23.2 - EXHIBIT 23.2 - GOODRICH PETROLEUM CORP | exhibit232heingoodrich2017.htm |
EX-23.1 - EXHIBIT 23.1 - GOODRICH PETROLEUM CORP | exhibit231mossadamsgoodric.htm |
EX-12.1 - EXHIBIT 12.1 - GOODRICH PETROLEUM CORP | exhibit121ratioofearningst.htm |
10-K - 10-K GDP 2017 - GOODRICH PETROLEUM CORP | gdp1231201710-k.htm |
Exhibit 12.2
GOODRICH PETROLEUM CORPORATION
RATIO OF EARNINGS TO FIXED CHARGES AND PREFERENCE SECURITIES DIVIDENDS
(In Thousands, Except Ratios)
Predecessor | ||||||||||||||||||||||||
Successor | Successor | Predecessor | Year Ended December 31, | |||||||||||||||||||||
Year Ended December 31, 2017 | October 13, 2016 to December 31, 2016 | January 1, 2016 to October 12, 2016 | 2015 | 2014 | 2013 | |||||||||||||||||||
Earnings: | ||||||||||||||||||||||||
Income (loss) before income taxes | $ | (8,974 | ) | $ | (4,307 | ) | $ | 369,944 | $ | (479,424 | ) | $ | (353,136 | ) | $ | (95,186 | ) | |||||||
Plus: fixed charges | 9,725 | 1,824 | 11,398 | 54,807 | 47,829 | 51,187 | ||||||||||||||||||
Preference securities dividends | - | - | 4,112 | (25,325) | (29,722) | (18,604) | ||||||||||||||||||
Earnings available for fixed charges | 751 | (2,483) | 385,454 | (449,942) | (335,029) | (62,603) | ||||||||||||||||||
Fixed Charges: | ||||||||||||||||||||||||
Interest expense | 9,725 | 1,824 | 11,398 | 54,807 | 47,829 | 51,187 | ||||||||||||||||||
Preference securities dividends | - | - | (4,112) | 25,325 | 29,722 | 18,604 | ||||||||||||||||||
Total fixed charges | 9,725 | 1,824 | 7,286 | 80,132 | 77,551 | 69,791 | ||||||||||||||||||
Ratio of Earnings to Fixed Charges and Preference Securities Dividends | 0.08 | (a) | 52.90 | (b) | (c) | (d) |
(a) | Successor Company Earnings as of December 31, 2016 were inadequate to cover fixed charges and preference securities dividends. The coverage deficiency was $4.3 million. |
(b) | Predecessor Company Earnings for the year ended December 31, 2015 were inadequate to cover fixed charges and preference securities dividends. The coverage deficiency was $530.1 million. |
(c) | Predecessor Company Earnings for the year ended December 31, 2014 were inadequate to cover fixed charges and preference securities dividends. The coverage deficiency was $412.6 million. |
(d) Predecessor Company Earnings for the year ended December 31, 2013 were inadequate to cover fixed charges and preference securities dividends. The coverage deficiency was $132.4 million