Attached files
| file | filename |
|---|---|
| EX-31.2 - EX-31.2 - SUPERIOR ENERGY SERVICES INC | h78445exv31w2.htm |
| EX-32.1 - EX-32.1 - SUPERIOR ENERGY SERVICES INC | h78445exv32w1.htm |
| EX-99.1 - EX-99.1 - SUPERIOR ENERGY SERVICES INC | h78445exv99w1.htm |
| EX-23.2 - EX-23.2 - SUPERIOR ENERGY SERVICES INC | h78445exv23w2.htm |
| EX-23.3 - EX-23.3 - SUPERIOR ENERGY SERVICES INC | h78445exv23w3.htm |
| EX-23.1 - EX-23.1 - SUPERIOR ENERGY SERVICES INC | h78445exv23w1.htm |
| EX-32.2 - EX-32.2 - SUPERIOR ENERGY SERVICES INC | h78445exv32w2.htm |
| EX-31.1 - EX-31.1 - SUPERIOR ENERGY SERVICES INC | h78445exv31w1.htm |
| EX-21.1 - EX-21.1 - SUPERIOR ENERGY SERVICES INC | h78445exv21w1.htm |
| EX-10.21 - EX-10.21 - SUPERIOR ENERGY SERVICES INC | h78445exv10w21.htm |
| EXCEL - IDEA: XBRL DOCUMENT - SUPERIOR ENERGY SERVICES INC | Financial_Report.xls |
| 10-K - FORM 10-K - SUPERIOR ENERGY SERVICES INC | h78445e10vk.htm |
| EX-10.11 - EX-10.11 - SUPERIOR ENERGY SERVICES INC | h78445exv10w11.htm |
EXHIBIT 12.1
Superior Energy Services, Inc. and Subsidiaries
Computation of Ratio of Earnings to Fixed Charges
(Unaudited)
Computation of Ratio of Earnings to Fixed Charges
(Unaudited)
The following table sets forth our consolidated ratio of earnings to fixed charges for the periods
shown:
| Year Ended December 31, | ||||||||||||||||||||
| (dollars in thousands) | 2010 | 2009 | 2008 | 2007 | 2006 | |||||||||||||||
Ratio of earnings to fixed charges (1): |
||||||||||||||||||||
Earnings from continuing operations before fixed
charges: |
||||||||||||||||||||
Income from continuing operations before income
taxes, minority interest and income / loss from
equity investees |
$ | 116,857 | $ | (100,793 | ) | $ | 518,006 | $ | 420,253 | $ | 285,038 | |||||||||
Amortization of capitalized interest |
1,596 | 1,270 | 854 | 422 | 362 | |||||||||||||||
Distributed income of equity investees |
11,150 | 6,006 | 17,272 | — | — | |||||||||||||||
Share of pre-tax losses of equity investees for
which charges arising from guarantees are
included in fixed charges |
— | — | — | — | — | |||||||||||||||
Adjusted pre-tax earnings from continuing
operations |
129,603 | (93,517 | ) | 536,132 | 420,675 | 285,400 | ||||||||||||||
Fixed charges less capitalized interest |
57,377 | 50,906 | 46,684 | 48,436 | 23,867 | |||||||||||||||
Earnings from continuing operations
before fixed charges: |
$ | 186,980 | $ | (42,611 | ) | $ | 582,816 | $ | 469,111 | $ | 309,267 | |||||||||
Fixed charges: |
||||||||||||||||||||
Interest expenses, net |
$ | 33,423 | $ | 29,162 | $ | 26,721 | $ | 29,739 | $ | 21,629 | ||||||||||
Capitalized Interest |
2,737 | 2,912 | 3,110 | 1,486 | 924 | |||||||||||||||
Amortized premiums, discounts and capitalized
expenses related to indebtedness |
23,954 | 21,744 | 19,963 | 18,697 | 2,238 | |||||||||||||||
Total fixed charges |
$ | 60,114 | $ | 53,818 | $ | 49,794 | $ | 49,922 | $ | 24,791 | ||||||||||
Ratio of earnings to fixed charges (2) |
3.11 | (0.79 | ) | 11.70 | 9.40 | 12.47 | ||||||||||||||
Notes
| (1) | The ratio was computed by dividing earnings by fixed charges. For this purpose, “earnings” represent the aggregate of pre-tax income from continuing operations before adjustment for minority interests in consolidated subsidiaries or income or loss from equity investees, amortization of capitalized interest, distributed income of equity investees, our share of pre-tax losses of equity investees, and fixed charges less capitalized interest. | |
| (2) | The ratio for the year ended December 31, 2009 indicates less than one-to-one coverage. The amount of this deficiency equates to $96.4 million. |