Attached files
| file | filename |
|---|---|
| 10-Q - MARCH 31, 2017 FORM 10-Q - HALLIBURTON CO | hal_03312017-10q.htm |
| EX-95 - MINE SAFETY DISCLOSURES - HALLIBURTON CO | hal_03312017-ex95.htm |
| EX-32.2 - 906 CERTIFICATION FOR CFO - HALLIBURTON CO | hal_03312017-ex322.htm |
| EX-32.1 - 906 CERTIFICATION FOR CEO - HALLIBURTON CO | hal_03312017-ex321.htm |
| EX-31.2 - 302 CERTIFICATION FOR CFO - HALLIBURTON CO | hal_03312017-ex312.htm |
| EX-31.1 - 302 CERTIFICATION FOR CEO - HALLIBURTON CO | hal_03312017-ex311.htm |
| EX-10.1 - EXECUTIVE AGREEMENT (ANNE LYN BEATY) - HALLIBURTON CO | hal_03312017-ex101.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, 2017 | Year Ended December 31 | |||||||||||||||||
2016 | 2015 | 2014 | 2013 | 2012 | ||||||||||||||
Earnings available for fixed charges: | ||||||||||||||||||
Income (loss) from continuing operations before income taxes | $ | (57 | ) | $ | (7,625 | ) | $ | (936 | ) | $ | 4,712 | $ | 2,764 | $ | 3,822 | |||
Add: | ||||||||||||||||||
Distributed earnings from equity in unconsolidated affiliates | — | 29 | 11 | 16 | 19 | 4 | ||||||||||||
Fixed charges | 288 | 791 | 634 | 554 | 511 | 445 | ||||||||||||
Subtotal | 231 | (6,805 | ) | (291 | ) | 5,282 | 3,294 | 4,271 | ||||||||||
Less: | ||||||||||||||||||
Equity in earnings of unconsolidated affiliates | 5 | 31 | 28 | 15 | 9 | 14 | ||||||||||||
Total earnings (loss) available for fixed charges | $ | 226 | $ | (6,836 | ) | $ | (319 | ) | $ | 5,267 | $ | 3,285 | $ | 4,257 | ||||
Fixed charges: | ||||||||||||||||||
Interest expense | $ | 265 | $ | 698 | $ | 463 | $ | 396 | $ | 339 | $ | 305 | ||||||
Rental expense representative of interest | 23 | 93 | 171 | 158 | 172 | 140 | ||||||||||||
Total fixed charges | $ | 288 | $ | 791 | $ | 634 | $ | 554 | $ | 511 | $ | 445 | ||||||
Ratio of earnings to fixed charges | 0.8 | (a) | (a) | 9.5 | 6.4 | 9.6 | ||||||||||||
(a) Total earnings (loss) available for fixed charges for the years ended December 31, 2016 and December 31, 2015 were inadequate to cover fixed charges by $7.6 billion and $953 million, respectively. Reported losses during these periods were primarily due to merger-related costs and termination fee of $4.1 billion and impairments and other charges of $3.4 billion for the year ended December 31, 2016, and impairments and other charges of $2.2 billion for the year ended December 31, 2015.