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Content analysis
?Positive | ||
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H.S. freshman Avg
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Exhibit 12
Penn Virginia Corporation and Subsidiaries
Statement of Computation of Ratio of Earnings to Fixed Charges Calculation
(in thousands, except ratios)
|
| 2000 |
| 2001 |
| 2002 |
| 2003 |
| 2004 |
| Nine Months |
| ||||||
|
|
|
|
|
|
|
| ||||||||||||
Earnings |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pre-tax income* |
| $ | 59,230 |
| $ | 54,271 |
| $ | 29,705 |
| $ | 55,987 |
| $ | 72,779 |
| $ | 78,764 |
|
Fixed charges |
|
| 8,363 |
|
| 4,058 |
|
| 4,068 |
|
| 8,379 |
|
| 11,067 |
|
| 14,759 |
|
|
|
|
|
|
|
|
| ||||||||||||
Total earnings |
| $ | 67,593 |
| $ | 58,329 |
| $ | 33,773 |
| $ | 64,366 |
| $ | 83,846 |
| $ | 93,523 |
|
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|
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|
|
|
|
| ||||||||||||
Fixed charges |
|
|
|
|
|
|
|
|
|
|
|
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|
|
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|
Interest expense** |
| $ | 7,926 |
| $ | 3,596 |
| $ | 3,125 |
| $ | 7,352 |
| $ | 9,679 |
|
| 13,496 |
|
Rental interest factor |
|
| 437 |
|
| 462 |
|
| 943 |
|
| 1,027 |
|
| 1,388 |
|
| 1,263 |
|
|
|
|
|
|
|
|
| ||||||||||||
Total fixed charges |
| $ | 8,363 |
| $ | 4,058 |
| $ | 4,068 |
| $ | 8,379 |
| $ | 11,067 |
| $ | 14,759 |
|
|
|
|
|
|
|
|
| ||||||||||||
Ratio of earnings to fixed charges |
|
| 8.1x |
|
| 14.4x |
|
| 8.3x |
|
| 7.7x |
|
| 7.6x |
|
| 6.3x |
|
* | Excludes equity earnings from investees and includes capitalized interest. |
** | Includes capitalized interest. |