Exhibit 12.1
Range Resources Corporation
Computation of Ratio of Earnings to Fixed Charges
(in thousands except ratios)
2004 | 2003 | 2002 | 2001 | 2000 | 1999 | |||||||||||||||||||
EARNINGS: | ||||||||||||||||||||||||
Income before provision for income taxes | $ | 66,776 | $ | 49,413 | $ | 22,408 | $ | 17,257 | $ | 35,004 | $ | (22,772 | ) | |||||||||||
Add: Fixed charges | 23,680 | 22,693 | 23,715 | 32,732 | 40,475 | 47,436 | ||||||||||||||||||
Total earnings | $ | 90,456 | $ | 72,106 | $ | 46,123 | $ | 49,989 | $ | 75,479 | $ | 24,664 | ||||||||||||
FIXED CHARGES: | ||||||||||||||||||||||||
Interest expense | $ | 23,119 | $ | 22,165 | $ | 23,153 | $ | 32,179 | $ | 39,953 | $ | 47,085 | ||||||||||||
Amortization of debt issuance costs(1) | ||||||||||||||||||||||||
Interest portion of rental expense | 561 | 528 | 562 | 553 | 522 | 351 | ||||||||||||||||||
Total fixed charges | $ | 23,680 | $ | 22,693 | $ | 23,715 | $ | 32,732 | $ | 40,475 | $ | 47,436 | ||||||||||||
Ratio of earnings to fixed charges | 3.8 | 3.2 | 1.9 | 1.5 | 1.9 | 0.5 |
(1) | Amortization of debt issuance costs is included in interest expense. |