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?Positive | ||
Negative | ||
Uncertain | ||
Constraining | ||
Legalese | ||
Litigous | ||
Readability |
H.S. freshman Avg
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New words:
altered, Boiler, competitor, deficit, exceeded, extinguishment, faith, fallen, greatest, green, hypothetical, likewise, MACT, prescribed, recalled, reclassification, reconciled, reconsideration, Resolute, retroactive, securitization, shut, sixty, sooner, spare, springing, Star, surrender, surrendered, thte, today, tool, Uline, unclear, withholding
Removed:
Abitibi, acquirer, annum, assigned, authority, Avon, bargain, begun, Bowater, build, chain, clarification, communication, compression, coupled, creating, curtail, deconsolidation, Delaware, discontinued, East, enhanced, expanded, extension, failed, fell, gain, grew, impacted, indenture, intent, leased, Lehman, maximize, met, Middle, nextier, noncontrolling, nonfinancial, November, October, participated, penalty, placement, positively, postretirement, predecessor, prepayment, presence, rebuilding, remeasured, repayment, request, requirement, restated, securing, Society, stable, subscription, unconditionally, vested, weakened, weakening
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EXHIBIT 12
VERSO PAPER HOLDINGS LLC | ||||||||||||||||||||
RATIO OF EARNINGS TO FIXED CHARGES | ||||||||||||||||||||
(Unaudited) | ||||||||||||||||||||
Year Ended December 31, | ||||||||||||||||||||
(Dollars in thousands) | 2011 | 2010 | 2009 | 2008 | 2007 | |||||||||||||||
Earnings (Loss): | ||||||||||||||||||||
Income (loss) | $ | (122,529 | ) | $ | (125,480 | ) | $ | 80,702 | $ | (39,151 | ) | $ | (81,269 | ) | ||||||
Amortization of capitalized interest | 249 | 167 | 152 | 103 | 18 | |||||||||||||||
Capitalized interest | (3,685 | ) | (1,268 | ) | (396 | ) | (1,408 | ) | (1,247 | ) | ||||||||||
Fixed charges (below) | 128,441 | 126,105 | 118,768 | 106,629 | 117,038 | |||||||||||||||
Earnings (loss) adjusted for fixed charges | $ | 2,476 | $ | (476 | ) | $ | 199,226 | $ | 66,173 | $ | 34,540 | |||||||||
Fixed charges: | ||||||||||||||||||||
Interest expense | $ | 122,213 | $ | 122,528 | $ | 116,130 | $ | 103,200 | $ | 113,881 | ||||||||||
Capitalized interest | 3,685 | 1,268 | 396 | 1,408 | 1,247 | |||||||||||||||
Portion of rent expense representative of interest | 2,543 | 2,309 | 2,242 | 2,021 | 1,910 | |||||||||||||||
Total fixed charges | $ | 128,441 | $ | 126,105 | $ | 118,768 | $ | 106,629 | $ | 117,038 | ||||||||||
Ratio of earnings to fixed charges | - | - | 1.68 | - | - | |||||||||||||||
Coverage deficiency | $ | 125,965 | $ | 126,581 | $ | - | $ | 40,456 | $ | 82,498 |