Attached files
| file | filename |
|---|---|
| 8-K - FORM 8-K - DIAMOND OFFSHORE DRILLING, INC. | d619400d8k.htm |
| EX-99.1 - EX-99.1 - DIAMOND OFFSHORE DRILLING, INC. | d619400dex991.htm |
Exhibit 12.1
DIAMOND OFFSHORE DRILLING, INC.
Statement re Computation of Ratios
(In Thousands of Dollars)
Ratio of Earnings to Fixed Charges:
| Nine Months Ended September 30, 2013 |
Year Ended December 31, | |||||||||||||||||||||||
| 2012 | 2011 | 2010 | 2009 | 2008 | ||||||||||||||||||||
| Computation of Earnings: |
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| Pretax income (loss) from continuing operations |
$ | 594,045 | $ | 918,081 | $ | 1,179,271 | $ | 1,336,016 | $ | 1,868,431 | $ | 1,847,046 | ||||||||||||
| Less Interest capitalized during the period and actual preferred dividend requirements of majority-owned subsidiaries and 50%-owned persons included in fixed charges but not deducted from pretax income from above |
(53,516 | ) | (37,674 | ) | (11,212 | ) | — | — | (16,870 | ) | ||||||||||||||
| Add: Previously capitalized interest amortized during the period |
2,550 | 3,400 | 3,400 | 3,400 | 3,400 | 2,428 | ||||||||||||||||||
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| Total earnings (losses), before fixed charge addition |
543,079 | 883,807 | 1,171,459 | 1,339,416 | 1,871,831 | 1,832,604 | ||||||||||||||||||
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| Computation of Fixed Charges: |
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| Interest, including interest capitalized |
74,532 | 87,449 | 87,425 | 93,334 | 51,585 | 28,842 | ||||||||||||||||||
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| Total fixed charges |
74,532 | 87,449 | 87,425 | 93,334 | 51,585 | 28,842 | ||||||||||||||||||
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| Total Earnings (Losses) and Fixed Charges |
$ | 617,611 | $ | 971,256 | $ | 1,258,884 | $ | 1,432,750 | $ | 1,923,416 | $ | 1,861,446 | ||||||||||||
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| Ratio of Earnings (Losses) to Fixed Charges (1) |
8.29 | 11.11 | 14.40 | 15.35 | 37.29 | 64.54 | ||||||||||||||||||
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| (1) | For purposes of this ratio, fixed charges include (i) interest, whether expensed or capitalized, (ii) amortization of debt issuance costs, whether expensed or capitalized, and (iii) a portion of rent expense, which we believe represents the interest factor attributable to rent. |