Exhibit 12.1
PEABODY ENERGY CORPORATION
COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES
|
| | | | | | | | | | | | | | | | | | | | |
| | | Year Ended December 31, |
| Dollars in millions | | 2012 | | 2013 | | 2014 | | 2015 | | 2016 |
| | | | | | | | | | | |
| Loss from Continuing Operations Before Income Taxes | $ | (208.6 | ) | | $ | (734.3 | ) | | $ | (547.9 | ) | | $ | (1,990.3 | ) | | $ | (758.3 | ) |
| | | | | | | | | | | |
| Interest Expense | 405.6 |
| | 425.2 |
| | 428.2 |
| | 533.2 |
| | 328.1 |
|
| | | | | | | | | | | |
| Interest Portion of Rental Expense | 51.9 |
| | 55.5 |
| | 56.5 |
| | 49.3 |
| | 45.1 |
|
| | | | | | | | | | | |
| Losses (Income) from Equity Affiliates | 61.2 |
| | 83.4 |
| | 107.6 |
| | 292.4 |
| | (16.2 | ) |
| | | | | | | | | | | |
| Adjusted Earnings | $ | 310.1 |
| | $ | (170.2 | ) | | $ | 44.4 |
| | $ | (1,115.4 | ) | | $ | (401.3 | ) |
| | | | | | | | | | | |
| Interest Expense | $ | 405.6 |
| | $ | 425.2 |
| | $ | 428.2 |
| | $ | 533.2 |
| | $ | 328.1 |
|
| | | | | | | | | | | |
| Interest Portion of Rental Expense | 51.9 |
| | 55.5 |
| | 56.5 |
| | 49.3 |
| | 45.1 |
|
| | | | | | | | | | | |
| Adjusted Fixed Charges | $ | 457.5 |
| | $ | 480.7 |
| | $ | 484.7 |
| | $ | 582.5 |
| | $ | 373.2 |
|
| | | | | | | | | | | |
| Ratio of Earnings to Fixed Charges | (1) | | (1) | | (1) | | (1) | | (1) |
| | | | | | | | | | | |
(1) Earnings were insufficient to cover fixed charges by approximately $147.4 million, $650.9 million, $440.3 million, $1,697.9 million and $ 774.5 million for the years ended December 31, 2012, 2013, 2014, 2015 and 2016, respectively.
