Attached files
file | filename |
---|---|
EX-21.1 - EX-21.1 - SUPERIOR ENERGY SERVICES INC | spn-20171231xex21_1.htm |
10-K - 10-K - SUPERIOR ENERGY SERVICES INC | spn-20171231x10k.htm |
EX-32.2 - EX-32.2 - SUPERIOR ENERGY SERVICES INC | spn-20171231xex32_2.htm |
EX-32.1 - EX-32.1 - SUPERIOR ENERGY SERVICES INC | spn-20171231xex32_1.htm |
EX-31.2 - EX-31.2 - SUPERIOR ENERGY SERVICES INC | spn-20171231xex31_2.htm |
EX-31.1 - EX-31.1 - SUPERIOR ENERGY SERVICES INC | spn-20171231xex31_1.htm |
EX-23.1 - EX-23.1 - SUPERIOR ENERGY SERVICES INC | spn-20171231xex23_1.htm |
EX-10.19 - EX-10.19 - SUPERIOR ENERGY SERVICES INC | spn-20171231xex10_19.htm |
EX-10.15 - EX-10.15 - SUPERIOR ENERGY SERVICES INC | spn-20171231xex10_15.htm |
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. |