Attached files
| file | filename |
|---|---|
| 10-K - DECEMBER 31, 2017 FORM 10-K - HALLIBURTON CO | hal_12312017-10k.htm |
| EX-24.1 - POWERS OF ATTORNEY - HALLIBURTON CO | hal_12312017-ex241.htm |
| EX-10.46 - EXECUTIVE AGREEMENT (ERIC J. CARRE) - HALLIBURTON CO | hal_12312017-ex1046.htm |
| EX-10.47 - EXECUTIVE AGREEMENT (LAWRENCE J. POPE) - HALLIBURTON CO | hal_12312017-ex1047.htm |
| EX-31.1 - 302 CERTIFICATION FOR CEO - HALLIBURTON CO | hal_12312017-ex311.htm |
| EX-23.1 - CONSENT OF KPMG LLP - HALLIBURTON CO | hal_12312017-ex231.htm |
| EX-32.2 - 906 CERTIFICATION FOR CFO - HALLIBURTON CO | hal_12312017-ex322.htm |
| EX-95 - MINE SAFETY DISCLOSURES - HALLIBURTON CO | hal_12312017-ex95.htm |
| EX-10.48 - EXECUTIVE AGREEMENT (ROBB L. VOYLES) - HALLIBURTON CO | hal_12312017-ex1048.htm |
| EX-21.1 - SUBSIDIARIES OF THE REGISTRANT - HALLIBURTON CO | hal_12312017-ex211.htm |
| EX-31.2 - 302 CERTIFICATION FOR CFO - HALLIBURTON CO | hal_12312017-ex312.htm |
| EX-32.1 - 906 CERTIFICATION FOR CEO - HALLIBURTON CO | hal_12312017-ex321.htm |
Exhibit 12.1
HALLIBURTON COMPANY
Computation of Ratio of Earnings to Fixed Charges
(Unaudited)
(Millions of dollars, except ratios)
Year Ended December 31 | |||||||||||||||
2017 | 2016 | 2015 | 2014 | 2013 | |||||||||||
Earnings available for fixed charges: | |||||||||||||||
Income (loss) from continuing operations before income taxes | $ | 682 | $ | (7,625 | ) | $ | (936 | ) | $ | 4,712 | $ | 2,764 | |||
Add: | |||||||||||||||
Distributed earnings from equity in unconsolidated affiliates | 15 | 29 | 11 | 16 | 19 | ||||||||||
Fixed charges | 776 | 791 | 634 | 554 | 511 | ||||||||||
Subtotal | 1,473 | (6,805 | ) | (291 | ) | 5,282 | 3,294 | ||||||||
Less: | |||||||||||||||
Equity in earnings of unconsolidated affiliates | 10 | 31 | 28 | 15 | 9 | ||||||||||
Total earnings (loss) available for fixed charges | $ | 1,463 | $ | (6,836 | ) | $ | (319 | ) | $ | 5,267 | $ | 3,285 | |||
Fixed charges: | |||||||||||||||
Interest expense | $ | 705 | $ | 698 | $ | 463 | $ | 396 | $ | 339 | |||||
Rental expense representative of interest | 71 | 93 | 171 | 158 | 172 | ||||||||||
Total fixed charges | $ | 776 | $ | 791 | $ | 634 | $ | 554 | $ | 511 | |||||
Ratio of earnings to fixed charges | 1.9 | (a) | (a) | 9.5 | 6.4 | ||||||||||
(a) Total earnings (loss) available for fixed charges for the years ended December 31, 2016 and December 31, 2015 were inadequate to cover fixed charges by $7.6 billion and $953 million, respectively. Reported losses during these periods were primarily due to merger-related costs and termination fee of $4.1 billion and impairments and other charges of $3.4 billion for the year ended December 31, 2016, and impairments and other charges of $2.2 billion for the year ended December 31, 2015.