Attached files
| file | filename |
|---|---|
| 8-K - CURRENT REPORT OF MATERIAL EVENTS OR CORPORATE CHANGES - CAMERON INTERNATIONAL CORP | a11-13735_18k.htm |
| EX-4.3 - EX-4.3 - CAMERON INTERNATIONAL CORP | a11-13735_1ex4d3.htm |
| EX-4.2 - EX-4.2 - CAMERON INTERNATIONAL CORP | a11-13735_1ex4d2.htm |
| EX-4.4 - EX-4.4 - CAMERON INTERNATIONAL CORP | a11-13735_1ex4d4.htm |
| EX-5.1 - EX-5.1 - CAMERON INTERNATIONAL CORP | a11-13735_1ex5d1.htm |
Exhibit 12.1
CAMERON INTERNATIONAL CORPORATION
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Amounts in millions of dollars)
|
|
|
2006 |
|
2007 |
|
2008 |
|
2009 |
|
2010 |
|
THREE MONTHS |
| ||||||
|
Pre-tax income from continuing operations |
|
$ |
474.3 |
|
$ |
688.0 |
|
$ |
851.4 |
|
$ |
642.8 |
|
$ |
733.3 |
|
$ |
139.9 |
|
|
Equity adjustments: |
|
|
|
|
|
|
|
|
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|
|
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Deduct undistributed income of less than 50% owned entities |
|
(0.9 |
) |
(4.1 |
) |
(4.1 |
) |
(3.5 |
) |
— |
|
(1.9 |
) | ||||||
|
Amortization of capitalized interest |
|
0.2 |
|
0.2 |
|
0.2 |
|
0.2 |
|
0.2 |
|
— |
| ||||||
|
Less interest capitalized during the period |
|
— |
|
— |
|
— |
|
— |
|
— |
|
— |
| ||||||
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|
|
|
|
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|
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|
Fixed charges: |
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||
|
Interest, including amortization of debt issuance costs and original issue discount |
|
35.0 |
|
43.8 |
|
70.3 |
|
92.4 |
|
82.2 |
|
20.7 |
| ||||||
|
Interest portion of rental expense (1) |
|
7.7 |
|
10.1 |
|
10.0 |
|
12.4 |
|
16.6 |
|
3.2 |
| ||||||
|
Total fixed charges |
|
42.7 |
|
53.9 |
|
80.3 |
|
104.8 |
|
98.8 |
|
23.9 |
| ||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||
|
Earnings before income taxes and fixed charges |
|
$ |
516.3 |
|
$ |
738.0 |
|
$ |
927.8 |
|
$ |
744.3 |
|
$ |
832.3 |
|
$ |
161.9 |
|
|
|
|
|
|
|
|
|
|
|
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|
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|
Ratio of earnings to fixed charges |
|
12.1 |
|
13.7 |
|
11.6 |
|
7.1 |
|
8.4 |
|
6.8 |
| ||||||
(1) The portion of rent included in the calculation is believed to be a reasonable approximation of the interest factor.