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ATHLON HOLDINGS LP
RATIOS OF EARNINGS TO FIXED CHARGES
(in thousands, except ratios)
| Historical | |||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Three months ended March 31, | Year ended December 31, | ||||||||||||||
| 2014 | 2013 | 2013 | 2012 | 2011 | |||||||||||
Fixed charges: | ||||||||||||||||
Interest expense | $ | 9,178 | 4,474 | $ | 36,669 | $ | 9,951 | $ | 2,945 | |||||||
Capitalized interest | 1,214 | 42 | 343 | 219 | — | |||||||||||
Rental expense attributable to interest | 13 | 12 | 49 | 51 | 27 | |||||||||||
| | | | | | | | | | | | | | | | |
Total fixed charges | $ | 10,405 | $ | 4,528 | $ | 37,061 | $ | 10,221 | $ | 2,972 | ||||||
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Earnings: | ||||||||||||||||
Income (loss) before income taxes | $ | 31,509 | $ | 10,906 | $ | 80,438 | $ | 54,942 | $ | (659 | ) | |||||
Plus: fixed charges | 10,405 | 4,528 | 37,061 | 10,221 | 2,972 | |||||||||||
Plus: amortization of capitalized interest | 8 | 2 | 16 | 2 | — | |||||||||||
Less: capitalized interest | (1,214 | ) | (42 | ) | (343 | ) | (219 | ) | — | |||||||
| | | | | | | | | | | | | | | | |
Total earnings | $ | 40,708 | $ | 15,394 | $ | 117,172 | $ | 64,946 | $ | 2,313 | ||||||
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Ratio of earnings to fixed charges(a) | 3.9 | 3.4 | 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)