Attached files
| file | filename |
|---|---|
| EX-4.2 - EX-4.2 - CAMERON INTERNATIONAL CORP | a12-12426_1ex4d2.htm |
| EX-5.1 - EX-5.1 - CAMERON INTERNATIONAL CORP | a12-12426_1ex5d1.htm |
| EX-4.3 - EX-4.3 - CAMERON INTERNATIONAL CORP | a12-12426_1ex4d3.htm |
| EX-1.1 - EX-1.1 - CAMERON INTERNATIONAL CORP | a12-12426_1ex1d1.htm |
| EX-99.1 - EX-99.1 - CAMERON INTERNATIONAL CORP | a12-12426_1ex99d1.htm |
| 8-K - CURRENT REPORT OF MATERIAL EVENTS OR CORPORATE CHANGES - CAMERON INTERNATIONAL CORP | a12-12426_18k.htm |
Exhibit 12.1
CAMERON INTERNATIONAL CORPORATION
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Amounts in millions of dollars)
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THREE MONTHS |
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ENDED |
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2007 |
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2008 |
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2009 |
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2010 |
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2011 |
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3/31/2012 |
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Pre-tax income from continuing operations |
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$ |
688.0 |
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$ |
851.4 |
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$ |
642.8 |
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$ |
733.3 |
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$ |
651.1 |
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$ |
171.8 |
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Equity adjustments: |
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Deduct undistributed income of less than 50% owned entities |
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(4.1 |
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(4.1 |
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(3.5 |
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— |
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(4.6 |
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(1.0 |
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Amortization of capitalized interest |
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0.2 |
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0.2 |
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0.2 |
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0.2 |
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0.1 |
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— |
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Less interest capitalized during the period |
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— |
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— |
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— |
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— |
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— |
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— |
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Fixed charges: |
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Interest, including amortization of debt issuance costs and original issue discount |
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43.8 |
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70.3 |
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92.4 |
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82.2 |
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92.4 |
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24.8 |
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Interest portion of rental expense (1) |
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10.1 |
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10.0 |
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12.4 |
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16.6 |
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11.4 |
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3.1 |
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Total fixed charges |
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53.9 |
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80.3 |
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104.8 |
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98.8 |
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103.8 |
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27.9 |
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Earnings before income taxes and fixed charges |
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$ |
738.0 |
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$ |
927.8 |
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$ |
744.3 |
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$ |
832.3 |
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$ |
750.4 |
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$ |
198.7 |
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Ratio of earnings to fixed charges |
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13.7 |
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11.6 |
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7.1 |
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8.4 |
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7.2 |
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7.1 |
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(1) The portion of rent included in the calculation is believed to be a reasonable approximation of the interest factor.