OCEANEERING INTERNATIONAL INC - FORM 10-K - EX-12.01 - EXHIBIT 12.01 COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES - February 19, 2015

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10-K - 10-K OCEANEERING INTERNATIONAL, INC. DECEMBER 31, 2014 - OCEANEERING INTERNATIONAL INCoii_10kx12312014.htm
EX-10.13 - EXHIBIT 10.13 OCEANEERING RET. INV. PLAN TRUST AGREEMENT EFF 12/31/2013 - OCEANEERING INTERNATIONAL INCoii_exhibit1013x12312014.htm
EX-31.01 - EXHIBIT 31.01 RULE 13A -14(A)/15D -14(A) CERT. OF PRINC. EXEC. OFF - OCEANEERING INTERNATIONAL INCoii_exhibit3101x12312014.htm
EX-10.02 - EXHIBIT 10.02 FIRST AMENDMENT TO THE OCEANEERING RET. INVEST PLAN, EFF 6/1/2014 - OCEANEERING INTERNATIONAL INCoii_exhibit1002x12312014.htm
EX-21.01 - EXHIBIT 21.01 SUBSIDIARIES OF OCEANEERING - OCEANEERING INTERNATIONAL INCoii_exhibit2101x12312014.htm
EX-23.01 - EXHIBIT 23.01 CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM - OCEANEERING INTERNATIONAL INCoii_exhibit2301x12312014.htm
EX-10.35 - EXHIBIT 10.35 SECOND AMENDMENT TO THE OCEANEERING RET. INV. PLAN, EFF 01/01/2015 - OCEANEERING INTERNATIONAL INCoii_exhibit1035x12312014.htm
EXCEL - IDEA: XBRL DOCUMENT - OCEANEERING INTERNATIONAL INCFinancial_Report.xls
EX-32.02 - EXHIBIT 32.02 SECTION 1350 CERTIFICATION OF PRINCIPAL FINANCIAL OFFICER - OCEANEERING INTERNATIONAL INCoii_exhibit3202x12312014.htm
EX-32.01 - EXHIBIT 32.01 SEC. 1350 CERTIFICATION OF PRINCIPAL EXECUTIVE OFFICER - OCEANEERING INTERNATIONAL INCoii_exhibit3201x12312014.htm
EX-31.02 - EXHIBIT 31.02 EXHIBIT 31.01 RULE 13A -14(A)/15D -14(A) CERT. OF PRINC. FIN. OFF - OCEANEERING INTERNATIONAL INCoii_exhibit3102x12312014.htm


 
 
 
 
 
 
 
 
 
 
 
Exhibit 12.01
 
 
Oceaneering International, Inc.
Computation of Ratio of Earnings to Fixed Charges
(in thousands)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
2014
 
2013
 
2012
 
2011
 
2010
Fixed Charges:
 
Interest expensed and capitalized
 
$
5,420

 
$
2,194

 
$
4,218

 
$
1,096

 
$
6,321

 
Amortized premiums, discounts and capital expenses related to indebtedness
 
395

 
261

 
261

 
—

 
126

 
Estimate of interest within rental expense
 
85,632

 
63,735

 
35,510

 
24,451

 
23,151

 
Preference security dividend requirements of consolidated subsidiaries
 
—

 
—

 
—

 
—

 
—

 
 
 
 
 
$
91,447

 
$
66,190

 
$
39,989

 
$
25,547

 
$
29,598

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Earnings:
 
Added Items:
 
 
Pretax income from continuing operations before minority interests and income (loss) from equity investees
 
$
623,528

 
$
542,203

 
$
420,249

 
$
334,084

 
$
303,144

 
 
Fixed charges
 
91,447

 
66,190

 
39,989

 
25,547

 
29,598

 
 
Amortization of capitalized interest
 
237

 
438

 
637

 
633

 
621

 
 
Distributed income of equity investees

 
4,772

 
5,290

 
8,661

 
6,063

 
7,647

 
 
Share of pretax losses of equity investees for which charges arising from guarantees are included in fixed charges
 
—

 
—

 
—

 
—

 
—

 
Total added items
 
719,984

 
614,121

 
469,536

 
366,327

 
341,010

 
Subtracted Items:
 
 
Interest capitalized
 
712

 
—

 
—

 
—

 
311

 
 
Preference security dividend requirements of consolidated subsidiaries
 
—

 
—

 
—

 
—

 
—

 
 
Minority interest in pretax income of subsidiaries that have not incurred fixed charges
 
—

 
—

 
—

 
—

 
—

 
Total subtracted items
 
712

 
—

 
—

 
—

 
311

 
Earnings as defined
 
$
719,272

 
$
614,121

 
$
469,536

 
$
366,327

 
$
340,699

 
 
 
 
 
 
 
 
 
 
 
Ratio of earnings to fixed charges
 
7.87
x
 
9.28
x
 
11.74
x
 
14.34
x
 
11.51
x
 
 
 
 
 
 
 
 
 
 
 
 
 
 



OCEANEERING INTERNATIONAL INC Reports