Alpha Natural Resources Inactive 10-K2013 FY Annual report

Filed: 28 Feb 14, 12:00am

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Exhibit 12.1

Alpha Natural Resources, Inc. and Subsidiaries

Computation of Ratio of Earnings to Fixed Charges

(Amounts in thousands except ratio)



	Years Ended December 31,
	2013			2012			2011			2010			2009
Earnings:
Income (loss) before income taxes		(1,330,048	)	$	(2,987,144	)	$	(766,448	)	$	101,436		$	33,784
Adjustments:
Fixed charges	301,750			225,575			178,229			83,184			92,732
Income from equity investees	22,549			2,616			1,268			1,706			189
Amortization of capitalized interest	347			139			107			106			137
Capitalized interest	—			(1,194		)	(1,925		)	(2,152		)	(492		)
	$	(1,005,402	)	$	(2,760,008	)	$	(588,769	)	$	184,280		$	126,350

Fixed Charges:
Interest expense	$	246,589		$	198,147		$	141,914		$	73,463		$	82,825
(Gain) loss on early extinguishment of debt		40,465			(773	)		10,026			1,349			5,641
Portion of rental expense representative of interest	14,696			27,007			24,364			6,220			3,774
Capitalized interest	—			1,194			1,925			2,152			492
	$	301,750		$	225,575		$	178,229		$	83,184		$	92,732

Ratio of earnings to fixed charges	N/A ⁽¹⁾			N/A ⁽¹⁾			N/A ⁽¹⁾			2.22			1.36


⁽¹⁾	The ratio of earnings to fixed charges was less than one-to-one for the years ended December 31, 2013 and 2012. Additional earnings of $1,307,151 and $2,985,583, respectively, would be needed to have a one-to-one ratio of earnings to fixed charges.