EXHIBIT 12.1
WESTMORELAND COAL COMPANY AND SUBSIDIARIES
RATIO OF EARNINGS TO FIXED CHARGES
Year Ended | Three Months Ended | |||||||||||||||||||||||||||
December 31, | March 31, | |||||||||||||||||||||||||||
2006 | 2007 | 2008 | 2009 | 2010 | 2010 | 2011 | ||||||||||||||||||||||
(Dollars in thousands) | ||||||||||||||||||||||||||||
Earnings: | ||||||||||||||||||||||||||||
Loss from continuing operations before income taxes | $ | (8,455 | ) | $ | (22,125 | ) | $ | (47,648 | ) | $ | (46,298 | ) | $ | (3,311 | ) | $ | (3,835 | ) | $ | (19,192 | ) | |||||||
Fixed charges | 19,738 | 25,054 | 31,668 | 24,269 | 23,475 | 5,902 | 7,147 | |||||||||||||||||||||
Total | $ | 11,283 | $ | 2,929 | $ | (15,980 | ) | $ | (22,029 | ) | $ | 20,164 | $ | 2,067 | $ | (12,045 | ) | |||||||||||
Year Ended | Three Months Ended | |||||||||||||||||||||||||||
December 31, | March 31, | |||||||||||||||||||||||||||
2006 | 2007 | 2008 | 2009 | 2010 | 2010 | 2011 | ||||||||||||||||||||||
(Dollars in thousands) | ||||||||||||||||||||||||||||
Fixed Charges: | ||||||||||||||||||||||||||||
Interest expensed (includes amortization of premiums, discounts and deferred financing costs) | $ | 19,234 | $ | 24,638 | $ | 31,276 | $ | 23,733 | $ | 22,992 | $ | 5,723 | $ | 6,967 | ||||||||||||||
Interest within rental expense | 504 | 416 | 392 | 536 | 483 | 179 | 180 | |||||||||||||||||||||
Total | $ | 19,738 | $ | 25,054 | $ | 31,668 | $ | 24,269 | $ | 23,475 | $ | 5,902 | $ | 7,147 | ||||||||||||||
Deficiency of earnings to fixed charges | $ | 8,455 | $ | 22,125 | $ | 47,648 | $ | 46,298 | $ | 3,311 | $ | 3,835 | $ | 19,192 |