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assurance, breakeven, capturing, charge, compromise, concentration, decided, delayed, disruption, doubt, encouraged, enhance, ice, involuntarily, lease, location, lost, MoPSC, pace, pursue, root, scenario, slightly, sought, storm, successful, vigorously
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delivery, negatively, program, progression, unusually
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Exhibit 12.1
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
Three months ended September 30, | Nine months ended September 30, | |||||||
2014 | 2013 | 2014 | 2013 | |||||
$ | $ | $ | $ | |||||
Computation of earnings: | ||||||||
Income (loss) before income taxes | (3.7 | ) | (32.1 | ) | (37.6 | ) | (50.0 | ) |
Plus: fixed charges | 13.7 | 13.7 | 40.8 | 37.8 | ||||
Less: capitalized interest | (0.6 | ) | (0.4 | ) | (1.5 | ) | (1.2 | ) |
Earnings | 9.4 | (18.8 | ) | 1.7 | (13.4 | ) | ||
Computation of fixed charges | ||||||||
Interest expense, net | 12.6 | 12.6 | 37.7 | 34.9 | ||||
Capitalized interest | 0.6 | 0.4 | 1.5 | 1.2 | ||||
Interest portion of operating lease expense | 0.5 | 0.7 | 1.6 | 1.7 | ||||
Fixed charges | 13.7 | 13.7 | 40.8 | 37.8 | ||||
Ratio of earnings to fixed charges | 0.69 | (a) | 0.04 | (a) | ||||
(a) Ratio is less than one; earnings are inadequate to cover fixed charges. The dollar amount of the coverage deficiency for the affected period is presented below. | ||||||||
Three months ended September 30, | Nine months ended September 30, | |||||||
2014 | 2013 | 2014 | 2013 | |||||
$ | $ | $ | $ | |||||
Coverage deficiency-earnings to fixed charges | - | 32.5 | - | 51.2 |