Goodrich Petroleum 10-K2016 FY Annual report

Filed: 3 Mar 17, 12:00am

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Exhibit 12.1

GOODRICH PETROLEUM CORPORATION

RATIO OF EARNINGS TO FIXED CHARGES

(In Thousands, Except Ratios)



	Successor			Predecessor		Predecessor Year ended December 31,
	October 13, 2016 to December 31, 2016			January 1, 2016 to October 12, 2016		2015			2014			2013			2012
Earnings:
Income (loss) before income taxes	$	(4,307	)	$	369,944	$	(479,424	)	$	(353,136	)	$	(95,186	)	$	(84,202	)
Plus: fixed charges	1,824			11,398		54,807			47,829			51,187			52,403
Earnings available for fixed charges	$	(2,483	)	$	381,342	$	(424,617	)	$	(305,307	)	$	(43,999	)	$	(31,799	)
Fixed Charges:
Interest expense	$	1,824		$	11,398	$	54,807		$	47,829		$	51,187		$	52,403
Total fixed charges	$	1,824		$	11,398	$	54,807		$	47,829		$	51,187		$	52,403
Ratio of Earnings to Fixed Charges	(a)			33.46		(b)			(c)			(d)			(e)


(a)	Successor Company earnings for the year ended December 31, 2016 were inadequate to cover fixed charges. The coverage deficiency was $4.3 million.


(b)	Predecessor Company earnings for the year ended December 31, 2015 were inadequate to cover fixed charges. The coverage deficiency was $479.4 million.


(c)	Predecessor Company earnings for the year ended December 31, 2014 were inadequate to cover fixed charges. The coverage deficiency was $353.1 million.


(d)	Predecessor Company earnings for the year ended December 31, 2013 were inadequate to cover fixed charges. The coverage deficiency was $95.2 million.


(e)	Predecessor Company Earnings for the year ended December 31, 2012 were inadequate to cover fixed charges. The coverage deficiency was $84.2 million.