- Track your favorite companies
- Receive email alerts for new filings
- Personalized dashboard of news and more
- Access all data and search results
Content analysis
?Positive | ||
Negative | ||
Uncertain | ||
Constraining | ||
Legalese | ||
Litigous | ||
Readability |
H.S. freshman Avg
|
Exhibit 12.1
NEWMONT MINING CORPORATION AND SUBSIDIARIES
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Amounts in millions except ratio)
Three Months Ended March 31, 2008 | |||
Earnings: | |||
Income from continuing operations before income tax expense(1) (2) | $ | 796 | |
Adjustments: | |||
Fixed charges added to earnings | 21 | ||
Dividends from equity affiliates | –– | ||
Amortization of capitalized interest | 5 | ||
$ | 822 | ||
Fixed Charges: | |||
Net interest expense(3) | $ | 20 | |
Portion of rental expense representative of interest | 1 | ||
Fixed charges added to earnings | 21 | ||
Capitalized interest | 17 | ||
$ | 38 | ||
Ratio of earnings to fixed charges | 21.6 |
(1) | Income from continuing operations before income tax expense, minority interest and equity loss of affiliates. |
(2) | Excludes interest on income tax liabilities. Interest and penalties related to income taxes are included inIncome tax expense. |
(3) | Includes interest expense of majority-owned subsidiaries and amortization of debt issuance costs. |