EX-12.1 6 d28509dex121.htm EX-12.1 EX-12.1

Exhibit 12.1

Frank’s International N.V.

Ratio of Earnings to Fixed Charges

 

     Years Ended December 31,     Six
Months
Ended
June 30,		  
     2014     2013     2012     2011     2010     2015  

Earnings:

             

Income from continuing operations before income taxes

    $ 304,724      $ 346,922      $ 376,127      $ 183,085      $ 126,253      $ 97,145   

Plus: Fixed charges

      6,455        6,345        4,589        5,017        4,036        3,461   
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Total earnings available for fixed charges

    $ 311,179      $ 353,267      $ 380,716      $ 188,102      $ 130,289      $ 100,606   
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Fixed charges:

             

Interest expense and amortization of deferred financing costs

    $ 706      $ 1,471      $ 808      $ 1,549      $ 2,316      $ 272   

Interest component of rental expense

      5,749        4,874        3,781        3,468        1,720        3,189   
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Total fixed charges

    $ 6,455      $ 6,345      $ 4,589      $ 5,017      $ 4,036      $ 3,461   
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Ratio of Earnings to Fixed Charges

      48.2 x      55.7 x      83.0 x      37.5 x      32.3 x      29.1 x 

The ratios were computed by dividing earnings by fixed charges. For this purpose, earnings include income from continuing operations before income taxes, adjusted for fixed charges to the extent they affect current year earnings. Fixed charges include interest expensed, amortization of capitalized expenses related to indebtedness and estimates of interest within rental expenses.