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ATHLON HOLDINGS LP
RATIOS OF EARNINGS TO FIXED CHARGES
(in thousands, except ratios)
| Year ended December 31, | |||||||||
---|---|---|---|---|---|---|---|---|---|---|
| 2013 | 2012 | 2011 | |||||||
Fixed charges: | ||||||||||
Interest expense | $ | 36,669 | $ | 9,951 | $ | 2,945 | ||||
Capitalized interest | 343 | 219 | — | |||||||
Rental expense attributable to interest | 49 | 51 | 27 | |||||||
| | | | | | | | | | |
Total fixed charges | $ | 37,061 | $ | 10,221 | $ | 2,972 | ||||
| | | | | | | | | | |
| | | | | | | | | | |
Earnings: | ||||||||||
Income (loss) before income taxes | $ | 80,438 | $ | 54,942 | $ | (659 | ) | |||
Plus: fixed charges | 37,061 | 10,221 | 2,972 | |||||||
Plus: amortization of capitalized interest | 16 | 2 | — | |||||||
Less: capitalized interest | (343 | ) | (219 | ) | — | |||||
| | | | | | | | | | |
Total earnings | $ | 117,172 | $ | 64,946 | $ | 2,313 | ||||
| | | | | | | | | | |
| | | | | | | | | | |
Ratio of earnings to fixed charges(a) | 3.2 | 6.4 | 0.8 | |||||||
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- (a)
- For 2011, earnings as defined were inadequate to cover fixed charges as defined by $659,000.
ATHLON HOLDINGS LP RATIOS OF EARNINGS TO FIXED CHARGES (in thousands, except ratios)