Attached files
| file | filename |
|---|---|
| 10-K - FORM 10-K - DIAMOND OFFSHORE DRILLING, INC. | d529539d10k.htm |
| EX-32.1 - EX-32.1 - DIAMOND OFFSHORE DRILLING, INC. | d529539dex321.htm |
| EX-31.2 - EX-31.2 - DIAMOND OFFSHORE DRILLING, INC. | d529539dex312.htm |
| EX-31.1 - EX-31.1 - DIAMOND OFFSHORE DRILLING, INC. | d529539dex311.htm |
| EX-23.1 - EX-23.1 - DIAMOND OFFSHORE DRILLING, INC. | d529539dex231.htm |
| EX-21.1 - EX-21.1 - DIAMOND OFFSHORE DRILLING, INC. | d529539dex211.htm |
Exhibit 12.1
DIAMOND OFFSHORE DRILLING, INC.
Statement re Computation of Ratios
(In Thousands of Dollars)
Ratio of Earnings (Losses) to Fixed Charges:
| Year Ended December 31, | ||||||||||||||||||||
| 2017 | 2016 | 2015 | 2014 | 2013 | ||||||||||||||||
| Computation of (Losses) Earnings: |
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| Pretax (loss) income from continuing operations |
$ | (21,440 | ) | $ | (468,299 | ) | $ | (381,348 | ) | $ | 515,191 | $ | 774,240 | |||||||
| Less: Interest capitalized during the period and actual preferred dividend requirements of majority-owned subsidiaries and 50%-owned persons included in fixed charges but not deducted from pretax income from above |
(90 | ) | (20,814 | ) | (16,308 | ) | (60,603 | ) | (74,237 | ) | ||||||||||
| Add: Previously capitalized interest amortized during the period |
10,792 | 9,302 | 8,722 | 5,082 | 3,400 | |||||||||||||||
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| Total (losses) earnings, before fixed charge addition |
(10,738 | ) | (479,811 | ) | (388,934 | ) | 459,670 | 703,403 | ||||||||||||
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| Computation of Fixed Charges: |
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| Interest, including interest capitalized |
117,192 | 113,869 | 112,812 | 126,160 | 103,547 | |||||||||||||||
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| Total fixed charges |
117,192 | 113,869 | 112,812 | 126,160 | 103,547 | |||||||||||||||
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| Total Earnings (Losses) and Fixed Charges |
$ | 106,454 | $ | (365,942 | ) | $ | (276,122 | ) | $ | 585,830 | $ | 806,950 | ||||||||
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| Ratio of Earnings (Losses) to Fixed Charges(1) |
0.91 | (3.21 | )(2) | (2.45 | )(2) | 4.64 | 7.79 | |||||||||||||
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| (1) | For purposes of this ratio, fixed charges include (i) interest, whether expensed or capitalized, (ii) amortization of debt issuance costs, whether expensed or capitalized, and (iii) a portion of rent expense, which we believe represents the interest factor attributable to rent. |
| (2) | The deficiency in our earnings available for fixed charges for the years ended December 31, 2016 and 2015 was $479.8 million and $388.9 million, respectively. |