Seventy Seven Energy Inc. - FORM 10-Q - EX-12.1 - August 4, 2014

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EX-10.14 - EX-10.14 - Seventy Seven Energy Inc.ex1014.htm
EX-10.9 - EX-10.9 - Seventy Seven Energy Inc.ex109.htm
EX-10.17 - EX-10.17 - Seventy Seven Energy Inc.ex1017.htm
EX-10.8 - EX-10.8 - Seventy Seven Energy Inc.ex108.htm
EX-10.16 - EX-10.16 - Seventy Seven Energy Inc.ex1016.htm
EX-10.11 - EX-10.11 - Seventy Seven Energy Inc.ex1011.htm
EX-10.10 - EX-10.10 - Seventy Seven Energy Inc.ex1010.htm
EX-10.12 - EX-10.12 - Seventy Seven Energy Inc.ex1012.htm
EX-32.1 - EX-32.1 - Seventy Seven Energy Inc.ex32131.htm
EX-32.2 - EX-32.2 - Seventy Seven Energy Inc.ex32231.htm
EX-10.7 - EX-10.7 - Seventy Seven Energy Inc.ex107.htm
EX-31.1 - EX-31.1 - Seventy Seven Energy Inc.ex31131.htm
EX-31.2 - EX-31.2 - Seventy Seven Energy Inc.ex31231.htm
EX-10.15 - EX-10.15 - Seventy Seven Energy Inc.ex1015.htm
EXCEL - IDEA: XBRL DOCUMENT - Seventy Seven Energy Inc.Financial_Report.xls
10-Q - 10-Q - Seventy Seven Energy Inc.sse-2014063010q.htm
EX-10.13 - EX-10.13 - Seventy Seven Energy Inc.ex1013.htm


Exhibit 12.1

SCHEDULE OF COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES



 
 
Years Ended December 31,
 
Six Months Ended June 30,
 
 
 
2009
 
2010
 
2011
 
2012
 
2013
 
2014
 
Earnings:
 
 
 
 
 
 
 
 
 
 
 
 
 
Income (loss) before income taxes and cumulative effect of accounting change
 
$
(41,848
)
 
$
(20,804
)
 
$
53,969

 
$
116,453

 
$
(27,568
)
 
6,493

 
Interest expense
 
55,857

 
72,307

 
86,192

 
93,200

 
93,890

 
39,253

 
(Gain)/loss on investment in equity investees in excess of distributed earnings
 
164

 
2,243

 
—

 
361

 
958

 
5,417

 
Amortization of capitalized interest
 
152

 
267

 
170

 
115

 
381

 
201

 
Loan cost amortization
 
—

 
—

 
523

 
2,906

 
2,928

 
3,972

 
Earnings
 
$
14,325

 
$
54,013

 
$
140,854

 
$
213,035

 
$
70,589

 
$
55,336

 
Fixed Charges:
 
 
 
 
 
 
 
 
 
 
 
 
 
Interest expense
 
$
55,857

 
$
72,307

 
$
86,192

 
$
93,200

 
$
93,890

 
$
39,253

 
Capitalized interest
 
2,764

 
593

 
883

 
2,249

 
1,131

 
554

 
Loan cost amortization
 
—

 
—

 
523

 
2,906

 
2,928

 
3,972

 
Fixed Charges
 
$
58,621

 
$
72,900

 
$
87,598

 
$
98,355

 
$
97,949

 
$
43,779

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Ratio of Earnings to Fixed Charges
 
0.2

 
0.7

 
1.6

 
2.2

 
0.7

 
1.3

 
Insufficient Coverage
 
$
44,296

 
$
18,887

 
$
—

 
$
—

 
$
27,360

 
$
—

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 



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