Exhibit 12.1
Computation of Ratios of Earnings to Fixed Charges
(Amounts in thousands, except for the ratio of earnings to fixed charges)
| Years Ended December 31, | Six Months Ended June 30, |
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| 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | |||||||||||||||||||
| Earnings |
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| Pretax Continuing Operations Income (Loss) |
385,366 | 99,875 | (1,437,864 | ) | (3,923,856 | ) | (1,483,004 | ) | (528,491 | ) | ||||||||||||||
| Plus Distributed Income from Equity Investees |
1,027 | 3,917 | 2,250 | — | 419 | — | ||||||||||||||||||
| Plus Fixed Charges |
183,061 | 235,431 | 385,601 | 463,796 | 500,927 | 265,176 | ||||||||||||||||||
| Less Interest Capitalized |
— | — | — | — | — | (1,677 | ) | |||||||||||||||||
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| Total Earnings |
569,454 | 339,223 | (1,050,013 | ) | (3,460,060 | ) | (981,658 | ) | (264,992 | ) | ||||||||||||||
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| Fixed Charges |
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| Interest Expense |
174,928 | 231,164 | 378,901 | 456,396 | 494,694 | 260,852 | ||||||||||||||||||
| Interest Capitalized |
— | — | — | — | — | 1,677 | ||||||||||||||||||
| Estimated Interest Component of Rental Expense |
8,133 | 4,267 | 6,700 | 7,400 | 6,233 | 2,647 | ||||||||||||||||||
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| Total Fixed Charges |
183,061 | 235,431 | 385,601 | 463,796 | 500,927 | 265,176 | ||||||||||||||||||
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| Ratio of Earnings to Fixed Charges |
3.1x | 1.4x | — | — | — | — | ||||||||||||||||||
| Coverage deficiency |
— | — | 1,435,614 | 3,923,856 | 1,482,585 | 530,168 | ||||||||||||||||||