Please wait


Exhibit 12.2

Alpha Natural Resources, Inc. and Subsidiaries
Computation of Other Ratios
As of December 31, 2013
(Amounts in thousands except ratios)



Total Senior Secured Debt less Unrestricted Cash to Adjusted EBITDA Ratio: The total senior secured debt to Adjusted EBITDA ratio is defined as consolidated senior secured debt less unrestricted cash divided by Adjusted EBITDA. The deduction for unrestricted cash is limited to $700 million.


Total senior secured debt less unrestricted cash
 
$
(79,688)
 
 
 
 
 
Adjusted EBITDA (1)
 
$
367,104
 
 
 
 
 
Total senior secured debt less unrestricted cash to Adjusted EBITDA ratio
 
(0.22)
 


(1) Adjusted EBITDA is defined and calculated in “Management's Discussion and Analysis of Financial Condition and Results of Operations-Analysis of Material Debt Covenants” contained elsewhere in this Annual Report on Form 10-K.


Coal sales realization per ton: Coal sales realization per ton is defined as coal revenues divided by tons sold.


 
 
 
 
 
Years Ended December 31,
 
 
2013
 
2012
 
 
(in thousands, except per ton data)
Revenues:
 
 
 
 
Coal revenues:
 
 
 
 
Eastern steam
 
 
$
1,782,781

 
 
 
$
2,755,474

 
Western steam
 
 
 
481,747

 
 
 
 
604,880

 
Metallurgical
 
 
 
1,993,453

 
 
 
 
2,655,342

 
Total
 
 
$
4,257,981

 
 
 
$
6,015,696

 
 
 
 
 
 
Tons sold :
 
 
 
 
Eastern steam
 
28,613
 
41,797
Western steam
 
38,164
 
46,732
Metallurgical
 
20,135
 
20,267
Total
 
86,912
 
108,796
 
 
 
 
 
Coal sales realization per ton:
 
 
 
 
Eastern steam
 
 
$
62.31

 
 
 
$
65.92

 
Western steam
 
 
$
12.62

 
 
 
$
12.94

 
Metallurgical
 
 
$
99.01

 
 
 
$
131.02

 
Average
 
 
$
48.99

 
 
 
$
55.29