Exhibit 12.1
ENCORE ACQUISITION COMPANY
RATIO OF EARNINGS TO FIXED CHARGES
(in thousands, except ratios)
RATIO OF EARNINGS TO FIXED CHARGES
(in thousands, except ratios)
Year Ended December 31, | ||||||||||||||||||||
2008 | 2007 | 2006 | 2005 | 2004 | ||||||||||||||||
Income before income taxes and minority interest | $ | 726,685 | $ | 24,153 | $ | 147,804 | $ | 157,373 | $ | 122,639 | ||||||||||
Adjustments: | ||||||||||||||||||||
Add fixed charges: | ||||||||||||||||||||
Interest expense | 73,173 | 88,704 | 45,131 | 34,055 | 23,459 | |||||||||||||||
Interest capitalized | — | — | — | — | — | |||||||||||||||
Rental expense attributable to interest | 1,943 | 1,831 | 1,547 | 1,049 | 645 | |||||||||||||||
Total fixed charges | 75,116 | 90,535 | 46,678 | 35,104 | 24,104 | |||||||||||||||
Deduct: | ||||||||||||||||||||
Interest capitalized | — | — | — | — | — | |||||||||||||||
Total deductions | — | — | — | — | — | |||||||||||||||
Adjusted earnings | $ | 801,801 | $ | 114,688 | $ | 194,482 | $ | 192,477 | $ | 146,743 | ||||||||||
Ratio of earnings to fixed charges | 10.7 | 1.3 | 4.2 | 5.5 | 6.1 | |||||||||||||||