Attached files
file | filename |
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EX-32.2 - EXHIBIT 32.2 - PIONEER ENERGY SERVICES CORP | exhibit3224q2017.htm |
EX-32.1 - EXHIBIT 32.1 - PIONEER ENERGY SERVICES CORP | exhibit3214q2017.htm |
EX-31.2 - EXHIBIT 31.2 - PIONEER ENERGY SERVICES CORP | exhibit3124q2017.htm |
EX-31.1 - EXHIBIT 31.1 - PIONEER ENERGY SERVICES CORP | exhibit3114q2017.htm |
EX-23.1 - EXHIBIT 23.1 - PIONEER ENERGY SERVICES CORP | exhibit231-consentq42017.htm |
EX-21.1 - EXHIBIT 21.1 - PIONEER ENERGY SERVICES CORP | exhibit211-subsidiariesq42.htm |
10-K - 10-K - PIONEER ENERGY SERVICES CORP | form10k-q42017.htm |
Exhibit 12.1
Pioneer Energy Services Corp. | |||||||||||||||||||
Computation of Ratio of Earnings to Fixed Charges | |||||||||||||||||||
(In thousands, except ratio data) | |||||||||||||||||||
Year ended December 31, | |||||||||||||||||||
2017 | 2016 | 2015 | 2014 | 2013 | |||||||||||||||
Earnings: | |||||||||||||||||||
Income (loss) before income taxes | $ | (79,321 | ) | $ | (139,123 | ) | $ | (192,719 | ) | $ | (49,322 | ) | $ | (55,778 | ) | ||||
Plus: Fixed charges | 30,414 | 27,993 | 28,324 | 72,524 | 51,118 | ||||||||||||||
Less: Capitalized interest | (392 | ) | (241 | ) | (3,016 | ) | (705 | ) | (943 | ) | |||||||||
Total | $ | (49,299 | ) | $ | (111,371 | ) | $ | (167,411 | ) | $ | 22,497 | $ | (5,603 | ) | |||||
Fixed Charges: | |||||||||||||||||||
Interest expense | $ | 25,558 | $ | 24,177 | $ | 19,571 | $ | 36,730 | $ | 46,239 | |||||||||
Loss on extinguishment of debt | 1,476 | 299 | 2,186 | 31,221 | — | ||||||||||||||
Capitalized interest | 392 | 241 | 3,016 | 705 | 943 | ||||||||||||||
Amortization of debt financing costs | 1,548 | 1,776 | 1,691 | 2,098 | 2,126 | ||||||||||||||
Estimate of interest component of rental expense | 1,440 | 1,500 | 1,860 | 1,770 | 1,810 | ||||||||||||||
Total | $ | 30,414 | $ | 27,993 | $ | 28,324 | $ | 72,524 | $ | 51,118 | |||||||||
Ratio of Earnings to Fixed Charges | NA (1) | NA (1) | NA (1) | NA (1) | NA (1) | ||||||||||||||
(1) Insufficient income to cover fixed charges | $ | (79,713 | ) | $ | (139,364 | ) | $ | (195,735 | ) | $ | (50,027 | ) | $ | (56,721 | ) |