EXHIBIT 12.1
Statement of Computation of Ratio of Earnings to Fixed Charges
(UNAUDITED)
(UNAUDITED)
Atlas Energy Resources, LLC
(amounts in thousands except ratios)
(amounts in thousands except ratios)
| Year Ended | ||||||||
| December 31, | December 31, | |||||||
| 2007 | 2008 | |||||||
Earnings: | ||||||||
| Income before income tax expense | $ | 117,504 | $ | 142,779 | ||||
| Fixed charges | 33,153 | 61,721 | ||||||
| Minority interest | 32 | 64 | ||||||
| Loss from equity investee | 158 | (233 | ) | |||||
| Interest capitalized | (2,730 | ) | (4,994 | ) | ||||
| Amortization of previously capitalized interest | 191 | 423 | ||||||
| Total | $ | 148,308 | $ | 199,760 | ||||
Fixed Charges: | ||||||||
| Interest cost and debt expense | 30,096 | $ | 56,306 | |||||
Interest allocable to rental expense(1) | 327 | 421 | ||||||
| Interest capitalized | 2,730 | 4,994 | ||||||
| Total Fixed charges | $ | 33,153 | $ | 61,721 | ||||
Ratio of Earnings to Fixed Charges | 4.47x | 3.24 | ||||||
| * | We have not issued any preferred securities as of the date hereof and, accordingly, we have not paid any preferred dividends. | |
| (1) | Represents one-third of the total operating lease rental expense which is that portion deemed to be interest. |