Exhibit 12.1
ANTERO RESOURCES LLC
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(in thousands)
|
|
2009 |
|
2010 |
|
2011 |
|
2012 |
|
2013 |
| |||||
|
|
|
|
|
|
|
|
|
|
|
| |||||
Pre-tax income (loss) from continuing operations |
|
$ |
(60,197 |
) |
$ |
1,155 |
|
$ |
456,485 |
|
$ |
346,505 |
|
$ |
(24,187 |
) |
Fixed charges |
|
36,348 |
|
56,736 |
|
74,743 |
|
$ |
97,877 |
|
$ |
137,343 |
| |||
Total adjusted earnings available for payment of fixed charges |
|
$ |
(23,849 |
) |
$ |
57,891 |
|
$ |
531,228 |
|
$ |
444,382 |
|
$ |
113,156 |
|
|
|
|
|
|
|
|
|
|
|
|
| |||||
Fixed charges |
|
|
|
|
|
|
|
|
|
|
| |||||
Interest expense, including amortization of debt related expenses |
|
$ |
36,053 |
|
$ |
56,463 |
|
$ |
74,404 |
|
$ |
97,510 |
|
$ |
136,617 |
|
Rental expense representative of interest factor |
|
$ |
295 |
|
$ |
273 |
|
$ |
339 |
|
$ |
367 |
|
$ |
726 |
|
Total fixed charges |
|
$ |
36,348 |
|
$ |
56,736 |
|
$ |
74,743 |
|
$ |
97,877 |
|
$ |
137,343 |
|
|
|
|
|
|
|
|
|
|
|
|
| |||||
Ratio of earnings to fixed charges |
|
NA |
(1) |
1.02 |
X |
7.11 |
X |
4.54 |
X |
NA |
(2) |
(1) Earnings are deficient to cover fixed charges by $60,197.
(2) Earnings are deficient to cover fixed charges by $24,187.