Attached files
| file | filename |
|---|---|
| EX-95 - MINE SAFETY DISCLOSURES - HALLIBURTON CO | hal_03312016-ex95.htm |
| EX-32.1 - 906 CERTIFICATION FOR CEO - HALLIBURTON CO | hal_03312016-ex321.htm |
| EX-31.2 - 302 CERTIFICATION FOR CFO - HALLIBURTON CO | hal_03312016-ex312.htm |
| EX-32.2 - 906 CERTIFICATION FOR CFO - HALLIBURTON CO | hal_03312016-ex322.htm |
| EX-31.1 - 302 CERTIFICATION FOR CEO - HALLIBURTON CO | hal_03312016-ex311.htm |
| 10-Q - MARCH 31, 2016 FORM 10-Q - HALLIBURTON CO | hal_03312016-10q.htm |
Exhibit 12.1
HALLIBURTON COMPANY
Computation of Ratio of Earnings to Fixed Charges
(Unaudited)
(Millions of dollars, except ratios)
Three Months Ended March 31, 2016 | Year Ended December 31 | |||||||||||||||||
2015 | 2014 | 2013 | 2012 | 2011 | ||||||||||||||
Earnings available for fixed charges: | ||||||||||||||||||
Income (loss) from continuing operations before income taxes | $ | (3,291 | ) | $ | (936 | ) | $ | 4,712 | $ | 2,764 | $ | 3,822 | $ | 4,449 | ||||
Add: | ||||||||||||||||||
Distributed earnings from equity in unconsolidated affiliates | 11 | 11 | 16 | 19 | 4 | 13 | ||||||||||||
Fixed charges | 218 | 634 | 554 | 511 | 445 | 384 | ||||||||||||
Subtotal | (3,062 | ) | (291 | ) | 5,282 | 3,294 | 4,271 | 4,846 | ||||||||||
Less: | ||||||||||||||||||
Equity in earnings of unconsolidated affiliates | 5 | 28 | 15 | 9 | 14 | 20 | ||||||||||||
Total earnings (loss) available for fixed charges | $ | (3,067 | ) | $ | (319 | ) | $ | 5,267 | $ | 3,285 | $ | 4,257 | $ | 4,826 | ||||
Fixed charges: | ||||||||||||||||||
Interest expense | $ | 175 | $ | 463 | $ | 396 | $ | 339 | $ | 305 | $ | 268 | ||||||
Rental expense representative of interest | 43 | 171 | 158 | 172 | 140 | 116 | ||||||||||||
Total fixed charges | $ | 218 | $ | 634 | $ | 554 | $ | 511 | $ | 445 | $ | 384 | ||||||
Ratio of earnings to fixed charges | (a) | (a) | 9.5 | 6.4 | 9.6 | 12.6 | ||||||||||||
(a) Total earnings (loss) available for fixed charges for the three months ended March 31, 2016 and year ended December 31, 2015 were inadequate to cover fixed charges by $3.3 billion and $953 million, respectively. Reported losses during the periods were primarily due to impairments and other charges of $2.8 billion for the three months ended March 31, 2016 and $2.2 billion for the year ended December 31, 2015.