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EXHIBIT 12.1
Statement of Computation of Ratio of Earnings to Fixed Charges
(UNAUDITED)
Atlas Energy Resources, LLC
(amounts in thousands except ratios)
Six Months Ended | ||||
June 30, | ||||
2008 | ||||
Earnings: | ||||
Net income | $ | 75,902 | ||
Fixed charges | 29,257 | |||
Minority interest | 38 | |||
Income from equity investee | (44 | ) | ||
Interest capitalized | (1,181 | ) | ||
Amortization of previously capitalized interest | 90 | |||
Total | $ | 104,062 | ||
Fixed Charges: | ||||
Interest cost and debt expense | $ | 27,868 | ||
Interest allocable to rental expense(1) | 208 | |||
Interest capitalized | 1,181 | |||
Total | $ | 29,257 | ||
Ratio of Earnings to Fixed Charges | 3.56x |
(1) | Represents one-third of the total operating lease rental expense which is that portion deemed to be interest. |