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- S-4 Registration of securities issued in business combination transactions
- 3.3 EX-3.3
- 3.4 EX-3.4
- 3.5 EX-3.5
- 3.6 EX-3.6
- 3.7 EX-3.7
- 3.8 EX-3.8
- 3.9 EX-3.9
- 3.10 EX-3.10
- 3.11 EX-3.11
- 3.12 EX-3.12
- 3.13 EX-3.13
- 3.14 EX-3.14
- 3.15 EX-3.15
- 3.16 EX-3.16
- 3.17 EX-3.17
- 3.18 EX-3.18
- 3.19 EX-3.19
- 3.20 EX-3.20
- 3.21 EX-3.21
- 3.22 EX-3.22
- 3.23 EX-3.23
- 3.24 EX-3.24
- 3.25 EX-3.25
- 3.26 EX-3.26
- 3.27 EX-3.27
- 3.28 EX-3.28
- 3.29 EX-3.29
- 3.30 EX-3.30
- 3.31 EX-3.31
- 3.32 EX-3.32
- 3.33 EX-3.33
- 3.34 EX-3.34
- 3.35 EX-3.35
- 3.36 EX-3.36
- 3.37 EX-3.37
- 3.38 EX-3.38
- 3.39 EX-3.39
- 3.40 EX-3.40
- 3.41 EX-3.41
- 3.42 EX-3.42
- 5.1 EX-5.1
- 5.2 EX-5.2
- 5.3 EX-5.3
- 12.1 EX-12.1
- 23.1 EX-23.1
- 23.2 EX-23.2
- 25.1 EX-25.1
- 99.1 EX-99.1
- 99.2 EX-99.2
- 99.3 EX-99.3
- 2 Jun 15 Registration of securities issued in business combination transactions
- 28 Feb 14 Registration of securities issued in business combination transactions (amended)
- 23 Jan 14 Registration of securities issued in business combination transactions (amended)
- 9 Dec 13 Registration of securities issued in business combination transactions
Exhibit 12.1
RATIO OF EARNINGS TO FIXED CHARGES
The following table presents our ratio of earnings to fixed charges for the periods indicated:
|
| Successor |
|
| Predecessor |
| |||||||||||||||||
|
| Nine Months |
| October 2 |
|
| January 1 |
| Year Ended December 31, |
| |||||||||||||
|
| 2013 |
| 2012 |
|
| 2012 |
| 2011 |
| 2010 |
| 2009 |
| 2008 |
| |||||||
|
| (dollars in millions) |
| ||||||||||||||||||||
Income (loss) before income taxes |
| $ | (288 | ) | $ | (113 | ) |
| $ | 121 |
| $ | (575 | ) | $ | (453 | ) | $ | (1,155 | ) | $ | 327 |
|
Less: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||
Undistributed earnings (losses) from continuing operations |
| — |
| — |
|
| — |
| — |
| (62 | ) | (72 | ) | (40 | ) | |||||||
Add: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||
Interest expense and other financing costs, including loss on extinguishment of debt |
| 78 |
| 16 |
|
| 97 |
| 360 |
| 363 |
| 446 |
| 428 |
| |||||||
Interest component of rental expense |
| 1 |
| — |
|
| 1 |
| 116 |
| 99 |
| 147 |
| 147 |
| |||||||
Earnings (loss) as adjusted |
| $ | (209 | ) | $ | (97 | ) |
| $ | 219 |
| $ | (99 | ) | $ | 71 |
| $ | (490 | ) | $ | 942 |
|
Fixed charges: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||
Interest expense and other financing costs, including loss on extinguishment of debt |
| $ | 78 |
| $ | 16 |
|
| $ | 97 |
| $ | 360 |
| $ | 363 |
| $ | 446 |
| $ | 428 |
|
Capitalized interest |
| 1 |
| — |
|
| 5 |
| 12 |
| 15 |
| 24 |
| 23 |
| |||||||
Interest component of rental expense |
| 1 |
| — |
|
| 1 |
| 116 |
| 99 |
| 147 |
| 147 |
| |||||||
Fixed charges |
| $ | 80 |
| $ | 16 |
|
| $ | 103 |
| $ | 488 |
| $ | 477 |
| $ | 617 |
| $ | 598 |
|
Ratio of earnings to fixed charges |
|
| (a) |
| (a) |
| 2.13 |
|
| (a) |
| (a) |
| (a) | 1.57 |
| |||||||
(a) For the years ended December 31, 2009, 2010, 2011, for the period from October 2 through December 31, 2012 and the nine months ended September 30, 2013 earnings were insufficient to cover fixed charges by $1,107, $406, $587, $113 and $289, respectively.