Attached files
file | filename |
---|---|
8-K - CURRENT REPORT OF MATERIAL EVENTS OR CORPORATE CHANGES - CAMERON INTERNATIONAL CORP | a13-26370_18k.htm |
EX-5.1 - EX-5.1 - CAMERON INTERNATIONAL CORP | a13-26370_1ex5d1.htm |
EX-1.1 - EX-1.1 - CAMERON INTERNATIONAL CORP | a13-26370_1ex1d1.htm |
EX-4.3 - EX-4.3 - CAMERON INTERNATIONAL CORP | a13-26370_1ex4d3.htm |
EX-4.4 - EX-4.4 - CAMERON INTERNATIONAL CORP | a13-26370_1ex4d4.htm |
EX-99.1 - EX-99.1 - CAMERON INTERNATIONAL CORP | a13-26370_1ex99d1.htm |
EX-4.2 - EX-4.2 - CAMERON INTERNATIONAL CORP | a13-26370_1ex4d2.htm |
Exhibit 12.1
CAMERON INTERNATIONAL CORPORATION
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Amounts in millions of dollars)
|
|
2008 |
|
2009 |
|
2010 |
|
2011 |
|
2012 |
|
NINE MONTHS |
| ||||||
Pre-tax income from continuing operations |
|
$ |
851.4 |
|
$ |
642.8 |
|
$ |
733.3 |
|
$ |
651.1 |
|
$ |
938.0 |
|
$ |
636.8 |
|
Equity adjustments: |
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||
Deduct undistributed income of less than 50% owned entities |
|
(4.1 |
) |
(3.5 |
) |
|
|
(4.6 |
) |
(6.8 |
) |
(4.3 |
) | ||||||
Amortization of capitalized interest |
|
0.2 |
|
0.2 |
|
0.2 |
|
0.1 |
|
0.1 |
|
|
| ||||||
Less interest capitalized during the period |
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||
Fixed charges: |
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||
Interest, including amortization of debt issuance costs and original issue discount |
|
70.3 |
|
92.4 |
|
82.2 |
|
92.4 |
|
104.4 |
|
83.6 |
| ||||||
Interest portion of rental expense (1) |
|
10.0 |
|
12.4 |
|
16.6 |
|
11.4 |
|
12.0 |
|
12.9 |
| ||||||
Total fixed charges |
|
80.3 |
|
104.8 |
|
98.8 |
|
103.8 |
|
116.4 |
|
96.5 |
| ||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||
Earnings before income taxes and fixed charges |
|
$ |
927.8 |
|
$ |
744.3 |
|
$ |
832.3 |
|
$ |
750.4 |
|
$ |
1,047.7 |
|
$ |
729.0 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||
Ratio of earnings to fixed charges |
|
11.6 |
|
7.1 |
|
8.4 |
|
7.2 |
|
9.0 |
|
7.6 |
|
(1) The portion of rent included in the calculation is believed to be a reasonable approximation of the interest factor.