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EX-21.1 - EX-21.1 - SUPERIOR ENERGY SERVICES INCspn-20171231xex21_1.htm
10-K - 10-K - SUPERIOR ENERGY SERVICES INCspn-20171231x10k.htm
EX-32.2 - EX-32.2 - SUPERIOR ENERGY SERVICES INCspn-20171231xex32_2.htm
EX-32.1 - EX-32.1 - SUPERIOR ENERGY SERVICES INCspn-20171231xex32_1.htm
EX-31.2 - EX-31.2 - SUPERIOR ENERGY SERVICES INCspn-20171231xex31_2.htm
EX-31.1 - EX-31.1 - SUPERIOR ENERGY SERVICES INCspn-20171231xex31_1.htm
EX-23.1 - EX-23.1 - SUPERIOR ENERGY SERVICES INCspn-20171231xex23_1.htm
EX-10.19 - EX-10.19 - SUPERIOR ENERGY SERVICES INCspn-20171231xex10_19.htm
EX-10.15 - EX-10.15 - SUPERIOR ENERGY SERVICES INCspn-20171231xex10_15.htm

EXHIBIT 12.1



SUPERIOR ENERGY SERVICES

Computation of Ratio of Earnings to Fixed Charges

(Thousands of dollars, except ratios)







 

 

 

 

 

 

 

 

 

 

 



 

Years Ended December 31,



 

2017

2016

2015

2014

2013

Earnings available for fixed charges:

 

 

 

 

 

 

 

 

 

 

 

Income (loss) from continuing operations

 

 

 

 

 

 

 

 

 

 

 

before income taxes

 

$

(377,751)

$

(1,100,341)

$

(2,059,783)

$

442,189 

$

100,757 

Plus:

 

 

 

 

 

 

 

 

 

 

 

Fixed charges

 

 

106,569 

 

98,260 

 

100,852 

 

102,869 

 

116,612 

Distributed income of equity investees

 

 

 

 

 

 

Amortization of interest capitalized

 

 

4,541 

 

5,959 

 

5,829 

 

5,637 

 

3,903 

Subtotal

 

 

(266,641)

 

(996,122)

 

(1,953,102)

 

550,695 

 

221,272 

Less:

 

 

 

 

 

 

 

 

 

 

 

Loss of equity investments

 

 

 

 

 

 

Interest capitalized

 

 

 

 

(650)

 

(960)

 

(8,675)

Total earnings (loss) available for fixed charges

 

$

(266,641)

$

(996,122)

$

(1,952,452)

$

551,655 

$

229,947 



 

 

 

 

 

 

 

 

 

 

 

Fixed charges:

 

 

 

 

 

 

 

 

 

 

 

Interest expense

 

$

105,982 

$

97,335 

$

99,065 

$

100,903 

$

106,954 

Interest capitalized

 

 

 

 

650 

 

960 

 

8,675 

Interest within rental expense

 

 

587 

 

925 

 

1,137 

 

1,006 

 

983 

Total fixed charges

 

$

106,569 

$

98,260 

$

100,852 

$

102,869 

$

116,612 



 

 

 

 

 

 

 

 

 

 

 

Ratio of earnings to fixed charges (1)

 

 

 -

 

 -

 

 -

 

5.36 

 

1.97 



(1)

Total earnings (loss) available for fixed charges for the years ended December 31, 2017, 2016 and 2015 were insufficient to cover fixed charges by $0.4 million, $1.1 billion and $2.1 billion, respectively.