Exhibit 12.1
Range Resources Corporation
Computation of Ratio of Earnings to Fixed Charges
(in thousands except ratios)
Computation of Ratio of Earnings to Fixed Charges
(in thousands except ratios)
Three Months | ||||||||||||||||||||||||
2006 | 2005 | 2004 | 2003 | 2002 | 2001 | |||||||||||||||||||
EARNINGS: | ||||||||||||||||||||||||
Income before provision for income taxes | $ | 88,735 | $ | 177,379 | $ | 66,776 | $ | 49,413 | $ | 22,408 | $ | 17,257 | ||||||||||||
Add: Fixed charges | 10,733 | 39,523 | 23,680 | 22,693 | 23,715 | 32,732 | ||||||||||||||||||
Total earnings | $ | 99,468 | $ | 216,902 | $ | 90,456 | $ | 72,106 | $ | 46,123 | $ | 49,989 | ||||||||||||
FIXED CHARGES: | ||||||||||||||||||||||||
Interest expense | $ | 10,551 | $ | 38,797 | $ | 23,119 | $ | 22,165 | $ | 23,153 | $ | 32,179 | ||||||||||||
Amortization of debt issuance costs (1) | ||||||||||||||||||||||||
Interest portion of rental expense | 182 | 726 | 561 | 528 | 562 | 553 | ||||||||||||||||||
Total fixed charges | $ | 10,733 | $ | 39,523 | $ | 23,680 | $ | 22,693 | $ | 23,715 | $ | 32,732 | ||||||||||||
Ratio of earnings to fixed charges | 9.3 | 5.5 | 3.8 | 3.2 | 1.9 | 1.5 |
(1) | Amortization of debt issuance costs is included in interest expense |