ANTERO RESOURCES CORPORATION
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(in thousands)
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2011 |
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2012 |
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2013 |
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2014 |
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2015 |
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Pre-tax income (loss) from continuing operations |
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$ |
456,485 |
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$ |
346,505 |
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$ |
162,023 |
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$ |
1,117,049 |
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$ |
1,517,254 |
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Fixed Charges |
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74,743 |
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97,877 |
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137,343 |
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163,458 |
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231,551 |
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Total adjusted earnings available for payment of fixed charges |
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$ |
531,228 |
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$ |
444,382 |
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$ |
299,366 |
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$ |
1,280,507 |
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$ |
1,748,805 |
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Fixed Charges |
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Interest expense, including amortization of debt-related expenses |
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$ |
74,404 |
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$ |
97,510 |
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$ |
136,617 |
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$ |
160,051 |
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$ |
228,568 |
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Rental expense representative of interest factor |
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339 |
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367 |
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726 |
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3,407 |
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2,983 |
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Total fixed charges |
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$ |
74,743 |
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$ |
97,877 |
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$ |
137,343 |
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$ |
163,458 |
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$ |
231,551 |
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Ratio of earnings to fixed charges |
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7.11 |
X |
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4.54 |
X |
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2.18 |
X |
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7.83 |
X |
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7.55 |
X |