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As Of Filer Filing For·On·As Docs:Size Issuer Agent 2/21/08 Newmont Mining Corp/DE 10-K 12/31/07 15:3.7M RR Donnelley/FA |
Document/Exhibit Description Pages Size
1: 10-K Annual Report HTML 2.87M
3: EX-10.17 Senior Executive Compensation Program Dated HTML 44K
February 19, 2008
4: EX-10.25 Employment Agreement Effective January 1, 2007 HTML 34K
5: EX-10.26 Consulting Agreement Effective May 1, 2007 HTML 26K
2: EX-10.3 Amendment One to the Pension Equalization Plan of HTML 14K
Newmont
6: EX-10.34 Summary of Non-Employee Director Compensation and HTML 14K
Benefits
7: EX-10.35 Summary of Executive Compensation HTML 23K
8: EX-12.1 Statement Re Computation of Ratio of Earnings to HTML 30K
Fixed Charges
9: EX-21 Subsidiaries of Newmont Mining Corporation HTML 110K
10: EX-23.1 Consent of Pricewaterhousecoopers LLP HTML 10K
11: EX-24 Power of Attorney HTML 19K
12: EX-31.1 Certification Pursuant to Rule 13A-14 or 15D-14 of HTML 14K
the Securities Exchange Act
13: EX-31.2 Certification Pursuant to Rule 13A-14 or 15D-14 of HTML 14K
the Securities Exchange Act
14: EX-32.1 Statement Required by 18 U.S.C. Section 1350 HTML 10K
15: EX-32.2 Statement Required by 18 U.S.C. Section 1350 HTML 10K
| Statement re Computation of Ratio of Earnings to Fixed Charges |
Exhibit 12.1
NEWMONT MINING CORPORATION AND SUBSIDIARIES
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Amounts in millions except ratio)
The ratio of earnings to fixed charges represents (loss) income from continuing operations before income taxes, minority interest, equity (loss) income of affiliates and cumulative effect of changes in accounting principles, divided by interest expense. Interest expense includes amortization of capitalized interest and the portion of rent expense representative of interest. The financial information of all prior periods has been reclassified to reflect discontinued operations.
| Years Ended December 31, | ||||||||||||||||
| 2007 | 2006 | 2005 | 2004 | 2003 | ||||||||||||
| Earnings: |
||||||||||||||||
| (Loss) income from continuing operations before income tax expense and accounting change (1) (2) |
$ | (352 | ) | $ | 1,250 | $ | 924 | $ | 1,048 | $ | 576 | |||||
| Adjustments: |
||||||||||||||||
| Fixed charges added to earnings |
112 | 103 | 101 | 101 | 91 | |||||||||||
| Dividends from equity affiliates |
2 | 1 | — | 2 | 2 | |||||||||||
| Amortization of capitalized interest |
18 | 13 | 16 | 16 | 9 | |||||||||||
| $ | (220 | ) | $ | 1,367 | $ | 1,041 | $ | 1,167 | $ | 678 | ||||||
| Fixed Charges: |
||||||||||||||||
| Net interest expense(3) |
$ | 105 | $ | 97 | $ | 97 | $ | 97 | $ | 88 | ||||||
| Portion of rental expense representative of interest |
7 | 6 | 4 | 4 | 3 | |||||||||||
| Fixed charges added to earnings |
112 | 103 | 101 | 101 | 91 | |||||||||||
| Capitalized interest |
50 | 57 | 39 | 13 | 9 | |||||||||||
| $ | 162 | $ | 160 | $ | 140 | $ | 114 | $ | 100 | |||||||
| Ratio of earnings to fixed charges |
(4 | ) | 8.5 | 7.4 | 10.2 | 6.8 | ||||||||||
| (1) |
(Loss) income from continuing operations before income tax expense, minority interest, equity income (loss) of affiliates and cumulative effect of a change in accounting principle. |
| (2) |
Excludes interest on income tax liabilities. Interest and penalties related to income taxes are included in Income tax expense. |
| (3) |
Includes interest expense of majority-owned subsidiaries and amortization of debt issuance costs. |
| (4) |
Earnings for 2007 were inadequate to cover fixed charges by $382. |
| This ‘10-K’ Filing | Date | Other Filings | ||
|---|---|---|---|---|
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| Filed on: | 2/21/08 | 8-K | ||
| For Period End: | 12/31/07 | 11-K, 4 | ||
| List all Filings | ||||