Exhibit 12.1
Computation of Ratio of Earnings to Combined Fixed Charges and Preference Dividends
|
| Six Months Ended June 30, |
| ||||
|
| 2013 |
| 2012 |
| ||
|
|
|
|
|
| ||
Loss from continuing operations excluding income or loss from equity investments |
| $ | (276,438 | ) | $ | (743,873 | ) |
Adjustments: |
|
|
|
|
| ||
Fixed charges |
| 203,011 |
| 184,684 |
| ||
Distributed income from equity investments |
| — |
| 1,801 |
| ||
Capitalized interest, net of amortization |
| (6,583 | ) | (4,674 | ) | ||
Arch Western Resources, LLC dividends on preferred membership interest |
| — |
| (3 | ) | ||
Total loss |
| $ | (80,010 | ) | $ | (562,065 | ) |
Fixed charges: |
|
|
|
|
| ||
Interest expense |
| $ | 189,851 |
| $ | 153,500 |
|
Capitalized interest |
| 8,209 |
| 6,528 |
| ||
Arch Western Resources, LLC dividends on preferred membership interest |
| — |
| (3 | ) | ||
Costs of debt retirement and write-off of related capitalized financing costs |
| — |
| 19,042 |
| ||
Portions of rent which represent an interest factor |
| 4,951 |
| 5,617 |
| ||
Total fixed charges |
| $ | 203,011 |
| $ | 184,684 |
|
Preferred stock dividends |
| $ | — |
| $ | — |
|
Total fixed charges and preferred stock dividends |
| $ | 203,011 |
| $ | 184,684 |
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|
|
|
|
|
| ||
Ratio of earnings to combined fixed charges and preference dividends |
| N/A |
| N/A |
| ||
Total loss consists of loss from continuing operations before income taxes and are adjusted to include only distributed income from affiliates accounted for on the equity method and fixed charges (excluding capitalized interest). Fixed charges consist of interest incurred on indebtedness, the portion of operating lease rentals deemed representative of the interest factor and the amortization of debt expense.