Attached files
| file | filename |
|---|---|
| 10-K - 10-K - Helmerich & Payne, Inc. | a2230277z10-k.htm |
| EX-32 - EX-32 - Helmerich & Payne, Inc. | a2230277zex-32.htm |
| EX-31.2 - EX-31.2 - Helmerich & Payne, Inc. | a2230277zex-31_2.htm |
| EX-31.1 - EX-31.1 - Helmerich & Payne, Inc. | a2230277zex-31_1.htm |
| EX-23.1 - EX-23.1 - Helmerich & Payne, Inc. | a2230277zex-23_1.htm |
| EX-21 - EX-21 - Helmerich & Payne, Inc. | a2230277zex-21.htm |
| EX-10.35 - EX-10.35 - Helmerich & Payne, Inc. | a2230277zex-10_35.htm |
| EX-10.28 - EX-10.28 - Helmerich & Payne, Inc. | a2230277zex-10_28.htm |
| EX-10.27 - EX-10.27 - Helmerich & Payne, Inc. | a2230277zex-10_27.htm |
| EX-10.26 - EX-10.26 - Helmerich & Payne, Inc. | a2230277zex-10_26.htm |
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HELMERICH & PAYNE, INC.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
($ in thousands, except ratio)
| |
Years Ended September 30, | |||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| |
2016 | 2015 | 2014 | 2013 | 2012 | |||||||||||
Fixed Charges |
||||||||||||||||
Interest Expense |
22,913 | $ | 15,023 | $ | 4,657 | $ | 6,126 | $ | 8,662 | |||||||
Interest Capitalized During the Period |
2,759 | 6,951 | 7,677 | 8,788 | 12,882 | |||||||||||
Net Amortization of Debt Discount and Premium and Issuance Expense |
— | 59 | 400 | 409 | 315 | |||||||||||
Interest Portion of Rental Expense |
951 | 877 | 826 | 692 | 656 | |||||||||||
| | | | | | | | | | | | | | | | | |
Total Fixed Charges Denominator |
26,623 | $ | 22,910 | $ | 13,560 | $ | 16,015 | $ | 22,515 | |||||||
Earnings |
||||||||||||||||
Pretax Income (Loss) from Continuing Operations |
(72,667 | ) | $ | 661,879 | $ | 1,094,658 | $ | 1,114,226 | $ | 904,749 | ||||||
Fixed Charges Calculated Above |
26,623 | 22,910 | 13,560 | 16,015 | 22,515 | |||||||||||
Less Interest Capitalized During the Period |
(2,759 | ) | (6,951 | ) | (7,677 | ) | (8,788 | ) | (12,882 | ) | ||||||
Current Period Amortization of Interest Capitalized in Prior Periods |
4,447 | 4,357 | 3,963 | 3,621 | 3,109 | |||||||||||
| | | | | | | | | | | | | | | | | |
Earnings Numerator |
(44,356 | ) | $ | 682,195 | $ | 1,104,504 | $ | 1,125,074 | $ | 917,491 | ||||||
Ratio of Earnings to Fixed Charges |
–1.7x |
29.8x |
81.5x |
70.3x |
40.8x |
|||||||||||
Results for 2015 and prior periods have been changed due to the change in reporting year-end for our international subsidiaries from August 31 to September 30 effective October 1, 2015.
HELMERICH & PAYNE, INC. COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES ($ in thousands, except ratio)