EX-12.1 2 d149671dex121.htm EX-12.1

EX-12.1

Exhibit 12.1

Frank’s International N.V.

Ratio of Earnings to Fixed Charges

		Year Ended December 31,
		2015				2014				2013				2012				2011
Earnings:
Income from continuing operations before income taxes		$	143,429			$	304,724			$	346,922			$	376,127			$	183,085
Plus: Fixed charges			7,039				6,455				6,345				4,589				5,017
Total earnings available for fixed charges		$	150,468			$	311,179			$	353,267			$	380,716			$	188,102
Fixed charges:
Interest expense and amortization of deferred financing costs		$	508			$	706			$	1,471			$	808			$	1,549
Interest component of rental expense			6,531				5,749				4,874				3,781				3,468
Total fixed charges		$	7,039			$	6,455			$	6,345			$	4,589			$	5,017
Ratio of Earnings to Fixed Charges			21.4	x			48.2	x			55.7	x			83.0	x			37.5	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.