Attached files
| file | filename |
|---|---|
| EX-32 - CERTIFICATION OF CHIEF EXECUTIVE OFFICER AND CHIEF FINANCIAL OFFICER SECTION 906 - UNIT CORP | unt-20171231x10kxexx32.htm |
| EX-99.1 - RYDER SCOTT COMPANY, L.P. SUMMARY REPORT - UNIT CORP | unt-20171231x10kxexx991.htm |
| EX-31.2 - CERTIFICATION OF CHIEF FINANCIAL OFFICER UNDER RULE 13A 14(A) - UNIT CORP | unt-20171231x10kxexx312.htm |
| EX-31.1 - CERTIFICATION OF CHIEF EXECUTIVE OFFICER UNDER RULE 13A 14(A) - UNIT CORP | unt-20171231x10kxexx311.htm |
| EX-23.2 - CONSENT OF RYDER SCOTT COMPANY, L.P. - UNIT CORP | unt-20171231x10kxexx232.htm |
| EX-23.1 - CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM, PRICEWATERHOUSECOOPERS - UNIT CORP | unt-20171231x10kxexx231.htm |
| EX-21 - SUBSIDIARIES OF THE REGISTRANT - UNIT CORP | unt-20171231x10kxexx21.htm |
| 10-K - 10-K - UNIT CORP | unt-20171231x10k.htm |
Exhibit 12
Unit Corporation
Computation Ratio of Earnings to Fixed Charges
2017 | 2016 | 2015 | 2014 | 2013 | ||||||||||||||||||
(Dollars in thousands) | ||||||||||||||||||||||
Income (loss) from continuing operations before income taxes | $ | 60,170 | $ | (206,818 | ) | $ | (1,664,309 | ) | $ | 222,939 | $ | 301,469 | ||||||||||
(Income) loss from equity investments | — | — | (18 | ) | 133 | 238 | ||||||||||||||||
Distribution from equity investments | — | — | — | 303 | 144 | |||||||||||||||||
Interest expense | 37,763 | 39,295 | 31,464 | 16,904 | 14,578 | |||||||||||||||||
Amortization of capitalized interest | 4,673 | 10,695 | (3 | ) | 38,695 | (3) | 5,461 | (3 | ) | 3,080 | ||||||||||||
Amortization of bond discount | 571 | 534 | 499 | 467 | 437 | |||||||||||||||||
Earnings (loss) | $ | 103,177 | $ | (156,294 | ) | $ | (1,593,669 | ) | $ | 246,207 | $ | 319,946 | ||||||||||
Fixed charges (1) | ||||||||||||||||||||||
Interest expense | $ | 37,763 | $ | 39,295 | $ | 31,464 | $ | 16,904 | $ | 14,578 | ||||||||||||
Capitalized interest | 15,948 | 15,293 | 21,711 | 32,246 | 33,670 | |||||||||||||||||
Amortization of bond discount | 571 | 534 | 499 | 467 | 437 | |||||||||||||||||
Total fixed charges | $ | 54,282 | $ | 55,122 | $ | 53,674 | $ | 49,617 | $ | 48,685 | ||||||||||||
Ratio of earnings to fixed charges (2) | 1.9 | x | — | (4) | — | (4) | 5.0 | x | 6.6 | x | ||||||||||||
_________________________
(1) | Fixed charges are determined as defined in instructions for Item 503 of Regulation S-K of the Securities Act. |
(2) | There were no shares of preferred stock outstanding during any of the time periods indicated in the table. |
(3) | Amortization of capitalized interest includes the proportionate amount related to the ceiling test write-down. |
(4) | Earnings for the years 2016 and 2015 were insufficient to cover fixed charges by $0.2 million and $1.7 billion, respectively. |