Exhibit 12.1
Range Resources Corporation
COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES (in thousands except ratios)
3 months ended | ||||||||||||||||||||||||
March 31 | ||||||||||||||||||||||||
2009 | 2008 | 2007 | 2006 | 2005 | 2004 | |||||||||||||||||||
EARNINGS: | ||||||||||||||||||||||||
Income from continuing operations before provision for income taxes | $ | 51,435 | $ | 542,594 | $ | 265,737 | $ | 315,701 | $ | 176,985 | $ | 68,310 | ||||||||||||
Share of distributed income of equity method investments (net of equity method income or loss) | 919 | 419 | (974 | ) | (548 | ) | — | — | ||||||||||||||||
Fixed charges | 27,362 | 102,784 | 79,519 | 57,466 | 38,312 | 22,965 | ||||||||||||||||||
Total earnings | $ | 79,716 | $ | 645,797 | $ | 344,282 | $ | 372,619 | $ | 214,297 | $ | 91,275 | ||||||||||||
FIXED CHARGES: | ||||||||||||||||||||||||
Interest expense (1) | $ | 26,629 | $ | 99,748 | $ | 77,737 | $ | 55,849 | $ | 37,619 | $ | 22,437 | ||||||||||||
Interest portion of rental expense | $ | 733 | $ | 3,036 | $ | 1,782 | $ | 1,617 | $ | 693 | $ | 528 | ||||||||||||
Total fixed charges | $ | 27,362 | $ | 102,784 | $ | 79,519 | $ | 57,466 | $ | 38,312 | $ | 22,965 | ||||||||||||
Ratio of earnings to fixed charges | 2.9 | 6.3 | 4.3 | 6.5 | 5.6 | 4.0 |
(1) | Amortization of debt issuance costs is included in interest expense. |