Attached files
| file | filename |
|---|---|
| 8-K - 8-K - OCEANEERING INTERNATIONAL INC | d824210d8k.htm |
| EX-4.1 - EX-4.1 - OCEANEERING INTERNATIONAL INC | d824210dex41.htm |
| EX-4.2 - EX-4.2 - OCEANEERING INTERNATIONAL INC | d824210dex42.htm |
| EX-1.1 - EX-1.1 - OCEANEERING INTERNATIONAL INC | d824210dex11.htm |
| EX-5.1 - EX-5.1 - OCEANEERING INTERNATIONAL INC | d824210dex51.htm |
Exhibit 12.1
Oceaneering International, Inc.
Computation of Ratio of Earnings to Fixed Charges
(in thousands)
| Nine Months Ended September 30, 2014 |
Year Ended December 31, |
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| 2013 | 2012 | 2011 | 2010 | 2009 | ||||||||||||||||||||
| Fixed Charges: |
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| Interest expensed and capitalized |
$ | 1,746 | $ | 2,194 | $ | 4,218 | $ | 1,096 | $ | 6,321 | $ | 7,826 | ||||||||||||
| Amortized premiums, discounts and capital expenses related to indebtedness |
196 | 261 | 261 | — | 126 | 154 | ||||||||||||||||||
| Estimate of interest within rental expense |
62,224 | 63,735 | 35,510 | 24,451 | 23,151 | 24,653 | ||||||||||||||||||
| Preference security dividend requirements of consolidated subsidiaries |
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| $ | 64,166 | $ | 66,190 | $ | 39,989 | $ | 25,547 | $ | 29,598 | $ | 32,633 | |||||||||||||
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| Earnings: |
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| Added Items: |
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| Pretax income from continuing operations before minority interests and income (loss) from equity investees |
$ | 474,340 | $ | 542,203 | $ | 420,249 | $ | 334,084 | $ | 303,144 | $ | 286,533 | ||||||||||||
| Fixed charges |
64,166 | 66,190 | 39,989 | 25,547 | 29,598 | 32,633 | ||||||||||||||||||
| Amortization of capitalized interest |
179 | 438 | 637 | 633 | 621 | 638 | ||||||||||||||||||
| Distributed income of equity investees |
3,515 | 5,290 | 8,661 | 6,063 | 7,647 | 8,492 | ||||||||||||||||||
| Share of pretax losses of equity investees for which charges arising from guarantees are included in fixed charges |
— | — | — | — | — | — | ||||||||||||||||||
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| Total added items |
542,200 | 614,121 | 469,536 | 366,327 | 341,010 | 328,296 | ||||||||||||||||||
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| Subtracted Items: |
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| Interest capitalized |
260 | — | — | — | 311 | 45 | ||||||||||||||||||
| Preference security dividend requirements of consolidated subsidiaries |
— | — | — | — | — | — | ||||||||||||||||||
| Minority interest in pretax income of subsidiaries that have not incurred fixed charges |
— | — | — | — | — | — | ||||||||||||||||||
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| Total subtracted items |
260 | — | — | — | 311 | 45 | ||||||||||||||||||
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| Earnings as defined |
$ | 541,940 | $ | 614,121 | $ | 469,536 | $ | 366,327 | $ | 340,699 | $ | 328,251 | ||||||||||||
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| Ratio of earnings to fixed charges |
8.45x | 9.28x | 11.74x | 14.34x | 11.51x | 10.06x | ||||||||||||||||||
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