EX-12.1 2 exh121.htm EXHIBIT 12.1 Exhibit


Exhibit 12.1
PEABODY ENERGY CORPORATION
COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES

 
 
Year Ended December 31,
Dollars in millions
 
2012
 
2013
 
2014
 
2015
 
2016
 
 
 
 
 
 
 
 
 
 
 
Loss from Continuing Operations Before Income Taxes
$
(208.6
)
 
$
(734.3
)
 
$
(547.9
)
 
$
(1,990.3
)
 
$
(758.3
)
 
 
 
 
 
 
 
 
 
 
 
Interest Expense
405.6

 
425.2

 
428.2

 
533.2

 
328.1

 
 
 
 
 
 
 
 
 
 
 
Interest Portion of Rental Expense
51.9

 
55.5

 
56.5

 
49.3

 
45.1

 
 
 
 
 
 
 
 
 
 
 
Losses (Income) from Equity Affiliates
61.2

 
83.4

 
107.6

 
292.4

 
(16.2
)
 
 
 
 
 
 
 
 
 
 
 
 Adjusted Earnings
$
310.1

 
$
(170.2
)
 
$
44.4

 
$
(1,115.4
)
 
$
(401.3
)
 
 
 
 
 
 
 
 
 
 
 
Interest Expense
$
405.6

 
$
425.2

 
$
428.2

 
$
533.2

 
$
328.1

 
 
 
 
 
 
 
 
 
 
 
Interest Portion of Rental Expense
51.9

 
55.5

 
56.5

 
49.3

 
45.1

 
 
 
 
 
 
 
 
 
 
 
  Adjusted Fixed Charges
$
457.5

 
$
480.7

 
$
484.7

 
$
582.5

 
$
373.2

 
 
 
 
 
 
 
 
 
 
 
Ratio of Earnings to Fixed Charges
(1)
 
(1)
 
(1)
 
(1)
 
(1)
 
 
 
 
 
 
 
 
 
 
 
(1) Earnings were insufficient to cover fixed charges by approximately $147.4 million, $650.9 million, $440.3 million, $1,697.9 million and $ 774.5 million for the years ended December 31, 2012, 2013, 2014, 2015 and 2016, respectively.