Attached files
| file | filename |
|---|---|
| EX-31.1 - EXHIBIT 31.1 - Seventy Seven Energy Inc. | ex311-20151231.htm |
| EX-31.2 - EXHIBIT 31.2 - Seventy Seven Energy Inc. | ex312-20151231.htm |
| EX-23.1 - EXHIBIT 23.1 - Seventy Seven Energy Inc. | ex231-20151231.htm |
| EX-32.2 - EXHIBIT 32.2 - Seventy Seven Energy Inc. | ex322-20151231.htm |
| EX-32.1 - EXHIBIT 32.1 - Seventy Seven Energy Inc. | ex321-20151231.htm |
| 10-K - 10-K - Seventy Seven Energy Inc. | sse2015123110-k.htm |
Exhibit 12.1
SCHEDULE OF COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
Years Ended December 31, | |||||||||||||||||||
2011 | 2012 | 2013 | 2014 | 2015 | |||||||||||||||
Earnings: | |||||||||||||||||||
Income (loss) before income taxes and cumulative effect of accounting change | $ | 53,969 | $ | 116,453 | $ | (27,568 | ) | $ | (10,168 | ) | $ | (314,019 | ) | ||||||
Interest expense | 86,192 | 93,200 | 93,890 | 87,236 | 99,600 | ||||||||||||||
Loss on investment in equity investees in excess of distributed earnings | — | 361 | 958 | 6,094 | 7,928 | ||||||||||||||
Amortization of capitalized interest | 170 | 115 | 381 | 422 | 540 | ||||||||||||||
Loan cost amortization | 523 | 2,906 | 2,928 | 6,122 | 4,623 | ||||||||||||||
Earnings | $ | 140,854 | $ | 213,035 | $ | 70,589 | $ | 89,706 | $ | (201,328 | ) | ||||||||
Fixed Charges: | |||||||||||||||||||
Interest expense | $ | 86,192 | $ | 93,200 | $ | 93,890 | $ | 87,236 | $ | 99,600 | |||||||||
Capitalized interest | 883 | 2,249 | 1,131 | 2,103 | 2,309 | ||||||||||||||
Loan cost amortization | 523 | 2,906 | 2,928 | 6,122 | 4,623 | ||||||||||||||
Fixed Charges | $ | 87,598 | $ | 98,355 | $ | 97,949 | $ | 95,461 | $ | 106,532 | |||||||||
Ratio of Earnings to Fixed Charges | 1.6 | 2.2 | 0.7 | 0.9 | (1.9 | ) | |||||||||||||
Insufficient Coverage | $ | — | $ | — | $ | 27,360 | $ | 5,755 | $ | 307,860 | |||||||||