Exhibit 12
PEABODY ENERGY CORPORATION
COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES
(IN MILLIONS)
| Year Ended December 31, 2010 | Year Ended December 31, 2011 | Year Ended December 31, 2012 | Year Ended December 31, 2013 | Year Ended December 31, 2014 | Nine Months Ended September 30, 2015 | |||||||||||||||||||
Income (Loss) from Continuing Operations Before Income Taxes | $ | 1,138.7 | $ | 1,376.0 | $ | (208.6 | ) | $ | (734.3 | ) | $ | (547.9 | ) | $ | (1,399.2 | ) | ||||||||
Interest Expense | 222.0 | 238.6 | 405.6 | 425.2 | 428.2 | 344.0 | ||||||||||||||||||
Interest Portion of Rental Expense | 42.1 | 52.8 | 51.9 | 55.5 | 56.5 | 36.7 | ||||||||||||||||||
Losses from Equity Affiliates | 1.7 | 19.2 | 61.2 | 83.4 | 107.6 | 195.7 | ||||||||||||||||||
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Adjusted Earnings (Loss) | $ | 1,404.5 | $ | 1,686.6 | $ | 310.1 | $ | (170.2 | ) | $ | 44.4 | $ | (822.8 | ) | ||||||||||
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Interest Expense | $ | 222.0 | $ | 238.6 | $ | 405.6 | $ | 425.2 | $ | 428.2 | $ | 344.0 | ||||||||||||
Interest Portion of Rental Expense | 42.1 | 52.8 | 51.9 | 55.5 | 56.5 | 36.7 | ||||||||||||||||||
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Adjusted Fixed Charges | $ | 264.1 | $ | 291.4 | $ | 457.5 | $ | 480.7 | $ | 484.7 | $ | 380.7 | ||||||||||||
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Ratio of Earnings to Fixed Charges | 5.32 | 5.79 | (1 | ) | (1 | ) | (1 | ) | (1 | ) | ||||||||||||||
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| (1) | Earnings were insufficient to cover fixed charges by approximately $147.4 million, $650.9 million, $440.3 million and $1,203.5 million for the year ended December 31, 2012, the year ended December 31, 2013, the year ended December 31, 2014 and the nine months ended September 30, 2015, respectively. |