EXHIBIT 12.1
WESTMORELAND COAL COMPANY AND SUBSIDIARIES
RATIO OF EARNINGS TO FIXED CHARGES
Year Ended December 31, | Three Months Ended March 31, | |||||||||||||||||||||||||||
2007 | 2008 | 2009 | 2010 | 2011 | 2011 | 2012 | ||||||||||||||||||||||
(Dollars in thousands) | ||||||||||||||||||||||||||||
Earnings: | ||||||||||||||||||||||||||||
Loss from continuing operations before income taxes | $ | (22,125 | ) | $ | (47,648 | ) | $ | (46,298 | ) | $ | (3,311 | ) | $ | (37,301 | ) | $ | (19,192 | ) | $ | (1,563 | ) | |||||||
Fixed Charges | 25,054 | 31,668 | 24,269 | 23,475 | 30,382 | 7,147 | 10,062 | |||||||||||||||||||||
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Total | $ | 2,929 | $ | (15,980 | ) | $ | (22,029 | ) | $ | 20,164 | $ | (6,919 | ) | $ | (12,045 | ) | $ | 8,499 | ||||||||||
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Year Ended December 31, | Three Months Ended March 31, | |||||||||||||||||||||||||||
2007 | 2008 | 2009 | 2010 | 2011 | 2011 | 2012 | ||||||||||||||||||||||
(Dollars in thousands) | ||||||||||||||||||||||||||||
Fixed Charges: | ||||||||||||||||||||||||||||
Interest expensed (includes amortization of premiums, discounts and deferred financing costs) | $ | 24,638 | $ | 31,276 | $ | 23,733 | $ | 22,992 | $ | 29,769 | $ | 6,967 | $ | 9,883 | ||||||||||||||
Interest within rental expense | 416 | 392 | 536 | 483 | 613 | 180 | 179 | |||||||||||||||||||||
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Total | $ | 25,054 | $ | 31,668 | $ | 24,269 | $ | 23,475 | $ | 30,382 | $ | 7,147 | $ | 10,062 | ||||||||||||||
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Deficiency of earnings to fixed charges | $ | 22,125 | $ | 47,648 | $ | 46,298 | $ | 3,311 | $ | 37,301 | $ | 19,192 | $ | 1,563 |