Attached files

file filename
8-K - CURRENT REPORT OF MATERIAL EVENTS OR CORPORATE CHANGES - CAMERON INTERNATIONAL CORPa13-26370_18k.htm
EX-5.1 - EX-5.1 - CAMERON INTERNATIONAL CORPa13-26370_1ex5d1.htm
EX-1.1 - EX-1.1 - CAMERON INTERNATIONAL CORPa13-26370_1ex1d1.htm
EX-4.3 - EX-4.3 - CAMERON INTERNATIONAL CORPa13-26370_1ex4d3.htm
EX-4.4 - EX-4.4 - CAMERON INTERNATIONAL CORPa13-26370_1ex4d4.htm
EX-99.1 - EX-99.1 - CAMERON INTERNATIONAL CORPa13-26370_1ex99d1.htm
EX-4.2 - EX-4.2 - CAMERON INTERNATIONAL CORPa13-26370_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
ENDED
9/30/2013

 

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.