- Track your favorite companies
- Receive email alerts for new filings
- Personalized dashboard of news and more
- Access all data and search results
- 25 May 18 Registration of securities issued in business combination transactions
- 22 May 15 Registration of securities issued in business combination transactions
- 20 Sep 13 Registration of securities issued in business combination transactions
- 9 Oct 12 Registration of securities issued in business combination transactions (amended)
- 20 Jul 12 Registration of securities issued in business combination transactions
Exhibit 12.1
KODIAK OIL & GAS CORP.
RATIO OF EARNINGS TO FIXED CHARGES
|
| For the six |
| For the years ended December 31, |
| ||||||||||||||
|
| June 30, 2013 |
| 2012 |
| 2011 |
| 2010 |
| 2009 |
| 2008 |
| ||||||
|
| (in thousands) |
| (in thousands) |
| ||||||||||||||
Pretax income (loss) from continuing operations |
| $ | 102,594 |
| $ | 158,384 |
| $ | 3,875 |
| $ | (2,402 | ) | $ | (2,563 | ) | $ | (56,498 | ) |
Add: Fixed charges |
| 43,830 |
| 69,090 |
| 27,475 |
| 565 |
| 36 |
| 22 |
| ||||||
Add: Amortization of capitalized interest |
| 2,363 |
| 2,604 |
| 241 |
| — |
| — |
| — |
| ||||||
Less: Capitalized interest |
| (15,900 | ) | (46,000 | ) | (8,374 | ) | (470 | ) | — |
| — |
| ||||||
Earnings before fixed charges |
| $ | 132,886 |
| $ | 184,078 |
| $ | 23,217 |
| $ | (2,307 | ) | $ | (2,527 | ) | $ | (56,476 | ) |
Fixed charges |
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||
Estimated interest component of rent |
| $ | 58 |
| $ | 130 |
| $ | 111 |
| $ | 12 |
| $ | 11 |
| $ | 15 |
|
Capitalized interest |
| 15,900 |
| 46,000 |
| 8,374 |
| 470 |
| — |
| — |
| ||||||
Interest expense |
| 27,872 |
| 22,960 |
| 18,990 |
| 83 |
| 25 |
| 7 |
| ||||||
Total Fixed charges |
| $ | 43,830 |
| $ | 69,090 |
| $ | 27,475 |
| $ | 565 |
| $ | 36 |
| $ | 22 |
|
Ratio of Earnings to Fixed charges |
| 3.03 |
| 2.66 |
| — |
| — |
| — |
| — |
| ||||||
Insufficient coverage |
| $ | 89,056 |
| $ | 114,987 |
| $ | (4,258 | ) | $ | (2,872 | ) | $ | (2,563 | ) | $ | (56,498 | ) |