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Exhibit 12.1
ARCH WESTERN RESOURCES
RATIO OF EARNINGS TO COMBINED FIXED CHARGES AND PREFERENCE DIVIDENDS
(DOLLARS IN MILLIONS, EXCEPT RATIOS)
THREE MONTHS ENDED
MARCH 31, YEAR ENDED DECEMBER 31,
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2004 2003 2003 2002 2001 2000 1999 1998
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Earnings:
Income (loss) from operations 13,508 14,689 62,710 49,824 60,370 12,451 27,152 (5,032)
Fixed charges net of capitalized interest 13,076 10,494 46,157 44,256 47,003 49,466 51,926 31,000
Amortization of capitalized interest 28 10 75 45 40 56 - -
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Earnings before taxes and combined fixed charges and
preference dividends 26,612 25,193 108,942 94,125 107,413 61,973 79,078 25,968
Fixed charges:
Interest expense 12,900 10,125 44,681 43,605 44,638 46,957 49,950 29,282
Capitalized interest - - - (711) - - (1,190) (39)
Dividends on preferred membership interest 24 24 95 95 95 96 95 57
Portions of rent which represent an interest factor 152 345 1,381 1,267 2,270 2,413 3,071 1,700
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Total combined fixed charges and preference dividends 13,076 10,494 46,157 44,256 47,003 49,466 51,926 31,000
RATIO OF EARNINGS TO COMBINED FIXED CHARGES
AND PREFERENCE DIVIDENDS 2.04 2.40 2.36 2.13 2.29 1.25 1.52 (a)
(a) The deficiency of earnings to cover fixed charges and preference dividends
was 5,032 for the year ended December 31, 1998.