Attached files
| file | filename |
|---|---|
| 10-Q - MARCH 31, 2015 FORM 10-Q - HALLIBURTON CO | hal_3312015-10q.htm |
| EX-95 - MINE SAFETY DISCLOSURES - HALLIBURTON CO | hal_3312015-ex95.htm |
| EX-31.2 - 302 CERTIFICATION FOR CFO - HALLIBURTON CO | hal_3312015-ex312.htm |
| EX-32.2 - 906 CERTIFICATION FOR CFO - HALLIBURTON CO | hal_3312015-ex322.htm |
| EX-32.1 - 906 CERTIFICATION FOR CEO - HALLIBURTON CO | hal_3312015-ex321.htm |
| EX-31.1 - 302 CERTIFICATION FOR CEO - HALLIBURTON CO | hal_3312015-ex311.htm |
| EXCEL - IDEA: XBRL DOCUMENT - HALLIBURTON CO | Financial_Report.xls |
Exhibit 12.1
HALLIBURTON COMPANY
Computation of Ratio of Earnings to Fixed Charges
(Unaudited)
(Millions of dollars, except ratios)
Three Months Ended March 31, 2015 | Year Ended December 31 | |||||||||||||||||
2014 | 2013 | 2012 | 2011 | 2010 | ||||||||||||||
Earnings available for fixed charges: | ||||||||||||||||||
Income (loss) from continuing operations before income taxes | $ | (878 | ) | $ | 4,712 | $ | 2,764 | $ | 3,822 | $ | 4,449 | $ | 2,655 | |||||
Add: | ||||||||||||||||||
Distributed earnings from equity in unconsolidated affiliates | — | 16 | 19 | 4 | 13 | 13 | ||||||||||||
Fixed charges | 149 | 554 | 511 | 445 | 384 | 402 | ||||||||||||
Subtotal | (729 | ) | 5,282 | 3,294 | 4,271 | 4,846 | 3,070 | |||||||||||
Less: | ||||||||||||||||||
Equity in earnings of unconsolidated affiliates | 7 | 15 | 9 | 14 | 20 | 20 | ||||||||||||
Total earnings (loss) available for fixed charges | $ | (736 | ) | $ | 5,267 | $ | 3,285 | $ | 4,257 | $ | 4,826 | $ | 3,050 | |||||
Fixed charges: | ||||||||||||||||||
Interest expense | $ | 109 | $ | 396 | $ | 339 | $ | 305 | $ | 268 | $ | 308 | ||||||
Rental expense representative of interest | 40 | 158 | 172 | 140 | 116 | 94 | ||||||||||||
Total fixed charges | $ | 149 | $ | 554 | $ | 511 | $ | 445 | $ | 384 | $ | 402 | ||||||
Ratio of earnings to fixed charges | (a) | 9.5 | 6.4 | 9.6 | 12.6 | 7.6 | ||||||||||||
(a) Total earnings (loss) available for fixed charges for the quarter ended March 31, 2015 was inadequate to cover fixed charges by $885 million. | ||||||||||||||||||