Attached files
| file | filename |
|---|---|
| 10-Q - 10-Q - Seventy Seven Energy Inc. | a20150630sse10q.htm |
| EX-4.1 - EX-4.1 - Seventy Seven Energy Inc. | ex4120150630.htm |
| EX-31.2 - EX-31.2 - Seventy Seven Energy Inc. | ex31220150630.htm |
| EX-32.1 - EX-32.1 - Seventy Seven Energy Inc. | ex32120150630.htm |
| EX-31.1 - EX-31.1 - Seventy Seven Energy Inc. | ex31120150630.htm |
| EX-10.2 - EX-10.2 - Seventy Seven Energy Inc. | ex10220150630.htm |
| EX-32.2 - EX-32.2 - Seventy Seven Energy Inc. | ex32220150630.htm |
| XML - IDEA: XBRL DOCUMENT - Seventy Seven Energy Inc. | R9999.htm |
Exhibit 12.1
SCHEDULE OF COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
Years Ended December 31, | Six Months Ended June 30, | |||||||||||||||||||||||
2010 | 2011 | 2012 | 2013 | 2014 | 2015 | |||||||||||||||||||
(in thousands) | ||||||||||||||||||||||||
Earnings: | ||||||||||||||||||||||||
(Loss) income before income taxes and cumulative effect of accounting change | $ | (20,804 | ) | $ | 53,969 | $ | 116,453 | $ | (27,568 | ) | $ | (10,168 | ) | $ | (112,271 | ) | ||||||||
Interest expense | 72,307 | 86,192 | 93,200 | 93,890 | 87,236 | 48,761 | ||||||||||||||||||
Loss (income) on investment in equity investees in excess of distributed earnings | 2,243 | — | 361 | 958 | 6,094 | (1,108 | ) | |||||||||||||||||
Amortization of capitalized interest | 267 | 170 | 115 | 381 | 422 | 239 | ||||||||||||||||||
Loan cost amortization | — | 523 | 2,906 | 2,928 | 6,122 | 2,135 | ||||||||||||||||||
Earnings | $ | 54,013 | $ | 140,854 | $ | 213,035 | $ | 70,589 | $ | 89,706 | $ | (62,244 | ) | |||||||||||
Fixed Charges: | ||||||||||||||||||||||||
Interest expense | $ | 72,307 | $ | 86,192 | $ | 93,200 | $ | 93,890 | $ | 87,236 | $ | 48,761 | ||||||||||||
Capitalized interest | 593 | 883 | 2,249 | 1,131 | 2,103 | 1,067 | ||||||||||||||||||
Loan cost amortization | — | 523 | 2,906 | 2,928 | 6,122 | 2,135 | ||||||||||||||||||
Fixed Charges | $ | 72,900 | $ | 87,598 | $ | 98,355 | $ | 97,949 | $ | 95,461 | $ | 51,963 | ||||||||||||
Ratio of Earnings to Fixed Charges | 0.7 | 1.6 | 2.2 | 0.7 | 0.9 | (1.2 | ) | |||||||||||||||||
Insufficient Coverage | $ | 18,887 | $ | — | $ | — | $ | 27,360 | $ | 5,755 | $ | 114,207 | ||||||||||||