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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)
SIX MONTHS ENDED
JUNE 30, YEAR ENDED DECEMBER 31,
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2004 2003 2003 2002 2001 2000 1999
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Earnings:
Income (loss) from operations before cumulative effect
of accounting charge 8,944 18,532 20,996 19,909 31,342 (20,749) (15,517)
Fixed charges net of capitalized interest 26,270 20,950 46,157 44,256 47,003 49,466 51,926
Amortization of capitalized interest 58 20 75 45 40 56 -
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Earnings before taxes and combined fixed charges and
preference dividends 35,272 39,502 67,228 64,210 78,385 28,773 36,409
Fixed charges:
Interest expense 25,846 20,577 44,681 43,605 44,638 46,957 49,950
Capitalized interest - - - (711) - - (1,190)
Dividends on preferred membership interest 48 48 95 95 95 96 95
Portions of rent which represent an interest factor 376 345 1,381 1,267 2,270 2,413 3,071
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Total combined fixed charges and preference dividends 26,270 20,950 46,157 44,256 47,003 49,466 51,926
RATIO OF EARNINGS TO COMBINED FIXED CHARGES
AND PREFERENCE DIVIDENDS 1.34 1.89 1.46 1.45 1.67 (a) (a)
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(a) The deficiency of earnings to cover fixed charges and preference dividends
was $20,693 and $15,517 for the years ended December 31, 2000 and 1999,
respectively.