Exhibit 12.1
Computation of Ratio of Earnings to Fixed Charges
(in thousands) | |||||||||||||||||||||||||
For the nine 2007 | For the year ended December 31, 2006 | For the year ended December 31, 2005 | Period May 13, to Dec. 2004 | Period Jan. 1, to Sept. 30, 2004 | For the year ended December 31, 2003 | Period May 10, to Dec. 2002 | Period Jan. 1, to May 9, 2002 | For the year ended December 31, 2001 | |||||||||||||||||
Earnings: | |||||||||||||||||||||||||
Pretax income | (34,769 | ) | (18,277 | ) | 49,299 | 7,020 | (107,663 | ) | (176,743 | ) | (829,595 | ) | 743,966 | (117,598 | ) | ||||||||||
Fixed charges | 31,645 | 21,417 | 16,199 | 3,865 | 115,483 | 147,316 | 81,222 | 37,045 | 139,613 | ||||||||||||||||
Capitalized interest, net of amortization | (3,065 | ) | (990 | ) | (293 | ) | — | — | — | — | — | — | |||||||||||||
Earnings before taxes and fixed charges | (6,189 | ) | 2,150 | 65,205 | 10,885 | 7,820 | (29,427 | ) | (748,373 | ) | 781,011 | 22,015 | |||||||||||||
Fixed charges: | |||||||||||||||||||||||||
Interest expense (excluding capitalized interest) | 23,784 | 17,303 | 13,356 | 3,187 | 114,211 | 145,892 | 80,405 | 36,666 | 138,655 | ||||||||||||||||
Amortized premiums, discounts and capitalized expenses related to indebtedness | 7,581 | 3,418 | 1,784 | 266 | — | — | — | — | — | ||||||||||||||||
Estimated interest expense within rental expense | 280 | 696 | 1,059 | 412 | 1,272 | 1,424 | 817 | 379 | 958 | ||||||||||||||||
Total fixed charges | 31,645 | 21,417 | 16,199 | 3,865 | 115,483 | 147,316 | 81,222 | 37,045 | 139,613 | ||||||||||||||||
Ratio of earnings to fixed charges | — | 0.10 | 4.03 | 2.82 | 0.07 | — | — | 21.08 | 0.16 | ||||||||||||||||