Attached files
file | filename |
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EXCEL - IDEA: XBRL DOCUMENT - PRIDE INTERNATIONAL INC | Financial_Report.xls |
10-Q - FORM 10-Q - PRIDE INTERNATIONAL INC | c03155e10vq.htm |
EX-32 - EXHIBIT 32 - PRIDE INTERNATIONAL INC | c03155exv32.htm |
EX-31.1 - EXHIBIT 31.1 - PRIDE INTERNATIONAL INC | c03155exv31w1.htm |
EX-31.2 - EXHIBIT 31.2 - PRIDE INTERNATIONAL INC | c03155exv31w2.htm |
EXHIBIT 12
Computation of Ratio of Earnings to Fixed Charges
(in millions except ratio of earnings to fixed charges)
(in millions except ratio of earnings to fixed charges)
Six Months Ended | ||||||||
June 30, | ||||||||
2010 | 2009 | |||||||
Earnings: |
||||||||
Income from continuing operations before income taxes |
$ | 156.2 | $ | 338.1 | ||||
Portion of rents representative of interest expense |
1.9 | 3.3 | ||||||
Interest on indebtedness, including amortization of deferred loan costs |
| (0.1 | ) | |||||
Amortization of capitalized interest |
| | ||||||
Earnings, as adjusted |
$ | 158.1 | $ | 341.3 | ||||
Fixed Charges: |
||||||||
Portion of rents representative of interest expense |
$ | 1.9 | $ | 3.3 | ||||
Interest on indebtedness, including amortization of deferred loan costs |
| (0.1 | ) | |||||
Capitalized interest |
45.9 | 28.5 | ||||||
Total fixed charges |
$ | 47.8 | $ | 31.7 | ||||
Ratio of earnings to fixed charges |
3.31x | 10.77x | ||||||