SEC Filings

S-3ASR
RANGE RESOURCES CORP filed this Form S-3ASR on 08/09/2017
Entire Document
 
EX-12.1

Exhibit 12.1

Range Resources Corporation

Statement of Computation of Ratios of Earnings to Fixed Charges

(in thousands, except ratios)

 

     Six Months Ended
June 30,
     For the Year Ended December 31,  
     2017      2016     2015     2014      2013     2012  

Fixed Charges

              

Interest expense

   $ 95,027      $ 168,213     $ 166,439     $ 168,977      $ 176,557     $ 168,798  

Amortization of premiums and discounts(1)

     —          —         —         —          —         —    

Amortization of capitalized expenses relating to debt(1)

     —          —         —         —          —         —    

Interest within rental expense

     3,377        4,620       5,247       4,389        4,323       4,554  
  

 

 

    

 

 

   

 

 

   

 

 

    

 

 

   

 

 

 

Total fixed charges

   $ 98,404      $ 172,833     $ 171,686     $ 173,366      $ 180,880     $ 173,352  
  

 

 

    

 

 

   

 

 

   

 

 

    

 

 

   

 

 

 

Earnings

              

Pre-tax income (loss) from continuing operations before equity investees

   $ 409,707      $ (802,138   $ (1,052,362   $ 1,030,885      $ 149,579     $ 25,056  

Add:

              

Fixed charges

     98,404        172,833       171,686       173,366        180,880       173,352  

Distributed income of equity investees

     —          —         —         5,897        5,201       12,750  

Income from equity investees arising from guarantees

     —          —         —         277        (462     372  
  

 

 

    

 

 

   

 

 

   

 

 

    

 

 

   

 

 

 

Earnings

   $ 508,111      $ (629,305   $ (880,676   $ 1,210,425      $ 335,198     $ 211,530  
  

 

 

    

 

 

   

 

 

   

 

 

    

 

 

   

 

 

 

Ratio of Earnings to Fixed Charges

     5.2x        *       *       7.0x        1.9x       1.2x  

 

(1) Amortization of premiums and discounts is included in interest expense.
* Earnings were inadequate to cover fixed charges for the year ended December 31, 2016 by $802.1 million and for the year December 31, 2015 by $1.0 billion.