Attached files
| file | filename |
|---|---|
| 10-K - FORM 10-K - GULFMARK OFFSHORE INC | h69812e10vk.htm |
| EX-23.1 - EX-23.1 - GULFMARK OFFSHORE INC | h69812exv23w1.htm |
| EX-21.1 - EX-21.1 - GULFMARK OFFSHORE INC | h69812exv21w1.htm |
| EX-31.2 - EX-31.2 - GULFMARK OFFSHORE INC | h69812exv31w2.htm |
| EX-32.2 - EX-32.2 - GULFMARK OFFSHORE INC | h69812exv32w2.htm |
| EX-32.1 - EX-32.1 - GULFMARK OFFSHORE INC | h69812exv32w1.htm |
| EX-31.1 - EX-31.1 - GULFMARK OFFSHORE INC | h69812exv31w1.htm |
Exhibit 12.1
Computation of Ratio of Earnings to Fixed Charges
(Dollars in thousands)
(Dollars in thousands)
| Year Ended December 31, | ||||||||||||||||||||
| 2005 | 2006 | 2007 | 2008 | 2009 | ||||||||||||||||
Income (Loss) from Continuing
Operations |
$ | 38,390 | $ | 89,729 | $ | 98,975 | $ | 183,784 | $ | 48,496 | ||||||||||
Plus: Income Taxes |
3,382 | 3,052 | 30,220 | 11,743 | (2,087 | ) | ||||||||||||||
Fixed Charges |
20,039 | 18,272 | 14,424 | 23,412 | 24,573 | |||||||||||||||
Less: Capitalized Interest |
(829 | ) | (2,400 | ) | (6,200 | ) | (8,516 | ) | (3,625 | ) | ||||||||||
Earnings Available for Fixed Charges |
60,982 | 108,653 | 137,419 | 210,423 | 69,444 | |||||||||||||||
Fixed Charges: |
||||||||||||||||||||
Interest Expense |
$ | 19,017 | $ | 15,648 | $ | 7,923 | $ | 14,291 | $ | 20,281 | ||||||||||
Capitalized Interest |
829 | 2,400 | 6,200 | 8,516 | 3,625 | |||||||||||||||
Estimated Portion of Rental Expense
Equivalent to Interest |
193 | 224 | 301 | 605 | 667 | |||||||||||||||
Total Fixed Charges |
20,039 | 18,272 | 14,424 | 23,412 | 24,573 | |||||||||||||||
Ratio of Earnings to Fixed Charges |
3.04 | 5.95 | 9.53 | 8.99 | 2.83 | |||||||||||||||