Attached files
| file | filename |
|---|---|
| EX-31.1 - EXHIBIT 31.1 CEO 302 CERT WFT 123116 - Weatherford International plc | ex311ceo302certwft123116.htm |
| EX-21.1 - EXHIBIT 21.1 SIGNIFICANT SUBSIDIARIES 123116 - Weatherford International plc | ex211-significantsubswft12.htm |
| EX-32.2 - EXHIBIT 32.2 CFO 906 CERT WFT 123116 - Weatherford International plc | ex322cfo906certwft123116.htm |
| EX-32.1 - EXHIBIT 32.1 CEO 906 CERT WFT 123116 - Weatherford International plc | ex321ceo906certwft123116.htm |
| EX-31.2 - EXHIBIT 31.2 CFO 302 CERT WFT 123116 - Weatherford International plc | ex312cfo302certwft123116.htm |
| EX-23.1 - EXHIBIT 23.1 KPMG CONSENT WFT 123116 - Weatherford International plc | ex231-kpmgconsentwft123116.htm |
| 10-K - 10-K 123116 WFT FORM 10-K - Weatherford International plc | wft201610-k.htm |
Exhibit 12.1
Computation of Ratio of Earnings to Fixed Charges
Year Ended December 31, | ||||||||||||||||||||
(Dollars in millions except ratios) | 2016 | 2015 | 2014 | 2013 | 2012 | |||||||||||||||
Income (Loss) from continuing operations before income taxes (a) | $ | (2,868 | ) | $ | (2,099 | ) | $ | (261 | ) | $ | (207 | ) | $ | (339 | ) | |||||
Fixed charges: | ||||||||||||||||||||
Interest expense (b) | 506 | 474 | 507 | 524 | 492 | |||||||||||||||
Capitalized Interest | 1 | 1 | 5 | 4 | 10 | |||||||||||||||
Interest factor portion of rentals (c) | 86 | 114 | 132 | 131 | 111 | |||||||||||||||
Total fixed charges | 593 | 589 | 644 | 659 | 613 | |||||||||||||||
Less: Capitalized Interest | (1 | ) | (1 | ) | (5 | ) | (4 | ) | (10 | ) | ||||||||||
Earnings (loss) before income taxes and fixed charges | $ | (2,276 | ) | $ | (1,511 | ) | $ | 378 | $ | 448 | $ | 264 | ||||||||
Ratio of earnings to fixed charges (d) | — | — | — | — | — | |||||||||||||||
(a) | Income from continuing operations before income taxes has been adjusted to include only distributed income of less-than-fifty-percent-owned persons. |
(b) | Interest expense consists of interest expense incurred from continuing operations and amortization of debt issuance costs. |
(c) | Interest factor portion of rentals is estimated to be one-third of rental expense. |
(d) | For the years ended December 31, 2016, 2015, 2014, 2013 and 2012, earnings, as defined, before fixed charges were inadequate to cover fixed charges by $2.9 billion, $2.1 billion, $266 million, $211 million and $349 million, respectively. |