Attached files
| file | filename |
|---|---|
| EX-99.1 - EX-99.1 - Noble Finance Co | h74440exv99w1.htm |
| EX-23.1 - EX-23.1 - Noble Finance Co | h74440exv23w1.htm |
| EX-99.3 - EX-99.3 - Noble Finance Co | h74440exv99w3.htm |
| EX-99.2 - EX-99.2 - Noble Finance Co | h74440exv99w2.htm |
| 8-K - FORM 8-K - Noble Finance Co | h74440e8vk.htm |
Exhibit 12.1
Noble Corporation
Statement Regarding Computation of Ratios
Statement Regarding Computation of Ratios
| Three Months Ended March 31, | Twelve Months Ended December 31, | |||||||||||||||||||
| 2010 | 2009 | 2009 | 2008 | 2007 | ||||||||||||||||
Earnings: |
||||||||||||||||||||
Pre-tax income from continuing operations
before adjustment for noncontrolling
interest in consolidated subsidiaries
or income or
loss from equity investees |
$ | 434,029 | $ | 514,744 | $ | 2,037,215 | $ | 1,913,586 | $ | 1,490,653 | ||||||||||
Add: Fixed charges |
16,036 | 17,639 | 66,378 | 55,347 | 66,523 | |||||||||||||||
Add: Amortization of capitalized interest |
1,659 | 1,074 | 4,896 | 3,783 | 2,662 | |||||||||||||||
Less: Interest capitalized |
(13,225 | ) | (15,371 | ) | (54,933 | ) | (47,727 | ) | (50,421 | ) | ||||||||||
Total earnings |
$ | 438,499 | $ | 518,086 | $ | 2,053,556 | $ | 1,924,989 | $ | 1,509,417 | ||||||||||
Fixed charges: |
||||||||||||||||||||
Interest expense (1) |
465 | 521 | $ | 1,685 | $ | 4,388 | $ | 13,111 | ||||||||||||
Interest capitalized |
13,225 | 15,371 | 54,933 | 47,727 | 50,421 | |||||||||||||||
Estimate of interest within rental expense |
2,346 | 1,747 | 9,760 | 3,232 | 2,991 | |||||||||||||||
Total fixed charges |
$ | 16,036 | $ | 17,639 | $ | 66,378 | $ | 55,347 | $ | 66,523 | ||||||||||
Ratio of Earnings to Fixed Charges |
27.3 | 29.4 | 30.9 | 34.8 | 22.7 | |||||||||||||||
| (1) | Includes amortization of discounts and capitalized expenses related to indebtedness |