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Filing tables
Filing exhibits
- 10-Q Quarterly report
- 31.1 Rule 13A-14(A)/15D-14(A) Certification - Principal Executive Officer
- 31.2 Rule 13A-14(A)/15D-14(A) Certification - Principal Financial Officer
- 32.1 Section 1350 Certification - Principal Executive Officer
- 32.2 Section 1350 Certification - Principal Financial Officer
- 99.1 Statement Showing Computation of Ratios of Earnings (Loss) to Fixed Charges
- 99.2 Second Amendment to Amended and Restated Credit Agreement
Related press release
Encore Acquisition similar filings
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Exhibit 99.1
ENCORE ACQUISITION COMPANY
RATIOS OF EARNINGS (LOSS) TO FIXED CHARGES
(in thousands, except ratios)
(in thousands, except ratios)
Three months ended June 30, | Six months ended June 30, | |||||||||||||||
2008 | 2007 | 2008 | 2007 | |||||||||||||
Income (loss) before income taxes and minority interest | $ | (72,024 | ) | $ | 23,695 | $ | (21,977 | ) | $ | (21,753 | ) | |||||
Adjustments: | ||||||||||||||||
Add fixed charges: | ||||||||||||||||
Interest expense | 16,785 | 27,820 | 36,545 | 44,107 | ||||||||||||
Rental expense attributable to interest | 434 | 521 | 826 | 1,005 | ||||||||||||
Total fixed charges | 17,219 | 28,341 | 37,371 | 45,112 | ||||||||||||
Adjusted earnings | $ | (54,805 | ) | $ | 52,036 | $ | 15,394 | $ | 23,359 | |||||||
Ratio of earnings (loss) to fixed charges (a) | (3.2 | ) | 1.8 | 0.4 | 0.5 | |||||||||||
(a) | For the three and six months ended June 30, 2008, earnings as defined were inadequate to cover fixed charges as defined by $72.0 million and $22.0 million, respectively. For the six months ended June 30, 2007, earnings as defined were inadequate to cover fixed charges as defined by $21.8 million. |