Attached files
| file | filename |
|---|---|
| 10-Q - 10-Q - PEABODY ENERGY CORP | btu_2017093010q.htm |
| EX-32.2 - EXHIBIT 32.2 - PEABODY ENERGY CORP | btu_20170930xex322.htm |
| EX-31.1 - EXHIBIT 31.1 - PEABODY ENERGY CORP | btu_20170930xex311.htm |
| EX-32.1 - EXHIBIT 32.1 - PEABODY ENERGY CORP | btu_20170930xex321.htm |
| EX-95 - EXHIBIT 95 - PEABODY ENERGY CORP | btu_20170930xex95.htm |
| EX-31.2 - EXHIBIT 31.2 - PEABODY ENERGY CORP | btu_20170930xex312.htm |
Exhibit 12.1
PEABODY ENERGY CORPORATION
COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES
(IN MILLIONS)
Predecessor | Successor | ||||||||||||||||||||||||||
Year Ended December 31, | January 1 through April 1, 2017 | April 2 through September 30, 2017 | |||||||||||||||||||||||||
2012 | 2013 | 2014 | 2015 | 2016 | |||||||||||||||||||||||
(Loss) Income from Continuing Operations Before Income Taxes | $ | (208.6 | ) | $ | (734.3 | ) | $ | (547.9 | ) | $ | (1,990.3 | ) | $ | (758.3 | ) | $ | (459.3 | ) | $ | 255.7 | |||||||
Interest Expense | 405.6 | 425.2 | 428.2 | 533.2 | 328.1 | 32.9 | 96.7 | ||||||||||||||||||||
Interest Portion of Rental Expense | 51.9 | 55.5 | 56.5 | 49.3 | 45.1 | 9.7 | 13.8 | ||||||||||||||||||||
Loss (Income) from Equity Affiliates | 61.2 | 83.4 | 107.6 | 292.4 | (16.2 | ) | (15.0 | ) | (26.2 | ) | |||||||||||||||||
Adjusted Earnings | $ | 310.1 | $ | (170.2 | ) | $ | 44.4 | $ | (1,115.4 | ) | $ | (401.3 | ) | $ | (431.7 | ) | $ | 340.0 | |||||||||
Interest Expense | $ | 405.6 | $ | 425.2 | $ | 428.2 | $ | 533.2 | $ | 328.1 | $ | 32.9 | $ | 96.7 | |||||||||||||
Interest Portion of Rental Expense | 51.9 | 55.5 | 56.5 | 49.3 | 45.1 | 9.7 | 16.7 | ||||||||||||||||||||
Preference Security Dividend (1) | — | — | — | — | — | — | 138.6 | ||||||||||||||||||||
Adjusted Fixed Charges | $ | 457.5 | $ | 480.7 | $ | 484.7 | $ | 582.5 | $ | 373.2 | $ | 42.6 | $ | 113.4 | |||||||||||||
Ratio of Earnings to Fixed Charges | (2 | ) | (2 | ) | (2 | ) | (2 | ) | (2 | ) | (2 | ) | 1.36 | ||||||||||||||
(1) | Reflects 8.5% dividend rate per annum, payable semiannually in kind as a dividend of additional shares of preferred stock in addition to deemed dividends related to the shares of preferred stock that were converted during the period. |
(2) | Earnings were insufficient to cover fixed charges by approximately $147.4 million, $650.9 million, $440.3 million, $1,697.9 million, $774.5 million for the years ended December 31, 2012, 2013, 2014, 2015, and 2016, respectively, and by approximately $474.3 million the period of January 1 through April 1, 2017. |