Attached files
| file | filename |
|---|---|
| EXCEL - IDEA: XBRL DOCUMENT - UNIT CORP | Financial_Report.xls |
| EX-21 - SUBSIDIARIES OF THE REGISTRANT - UNIT CORP | unt-20141231x10kxexx21.htm |
| EX-23.1 - CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM, PRICEWATERHOUSECOOPERS - UNIT CORP | unt-20141231x10kxexx231.htm |
| EX-23.2 - CONSENT OF RYDER SCOTT COMPANY, L.P. - UNIT CORP | unt-20141231x10kxexx232.htm |
| EX-31.1 - CERTIFICATION OF CHIEF EXECUTIVE OFFICER PURSUANT TO SECTION 302 - UNIT CORP | unt-20141231x10kxexx311.htm |
| EX-31.2 - CERTIFICATION OF CHIEF FINANCIAL OFFICER PURSUANT TO SECTION 302 - UNIT CORP | unt-20141231x10kxexx312.htm |
| EX-99.1 - RYDER SCOTT COMPANY, L.P. SUMMARY REPORT - UNIT CORP | unt-201412x31x10kxexx991.htm |
| 10-K - 10-K - UNIT CORP | unt-20141231x10k.htm |
| EX-32 - CERTIFICATION OF CHIEF EXECUTIVE OFFICER AND CHIEF FINANCIAL OFFICER SECTION 906 - UNIT CORP | unt-20141231x10kxexx32.htm |
Exhibit 12
Unit Corporation
Computation Ratio of Earnings to Fixed Charges
2014 | 2013 | 2012 | 2011 | 2010 | ||||||||||||||||
(Dollars in thousands) | ||||||||||||||||||||
Income from continuing operations before income taxes | $ | 222,939 | $ | 301,469 | $ | 39,402 | $ | 319,002 | $ | 237,221 | ||||||||||
(Income) loss from equity investments | 133 | 238 | 205 | 295 | (69 | ) | ||||||||||||||
Distribution from equity investments | 303 | 144 | — | — | 682 | |||||||||||||||
Interest expense | 16,904 | 14,578 | 13,878 | 4,167 | — | |||||||||||||||
Amortization of capitalized interest | 5,454 | (3) | 3,080 | 4,922 | (3) | 1,654 | 1,145 | |||||||||||||
Amortization of bond discount | 467 | 437 | 259 | — | — | |||||||||||||||
Earnings | $ | 246,200 | $ | 319,946 | $ | 58,666 | $ | 325,118 | $ | 238,979 | ||||||||||
Fixed charges (1) | ||||||||||||||||||||
Interest expense | $ | 16,904 | $ | 14,578 | $ | 13,878 | $ | 4,167 | $ | — | ||||||||||
Capitalized interest | 32,246 | 33,670 | 18,867 | 11,478 | 4,526 | |||||||||||||||
Amortization of bond discount | 467 | 437 | 259 | — | — | |||||||||||||||
Total fixed charges | $ | 49,617 | $ | 48,685 | $ | 33,004 | $ | 15,645 | $ | 4,526 | ||||||||||
Ratio of earnings to fixed charges (2) | 5.0 | x | 6.6 | x | 1.8 | x | 20.8 | x | 52.8 | x | ||||||||||
_________________________
(1) | Fixed charges are determined as defined in instructions for Item 503 of Regulation S-K of the Securities Act. |
(2) | There were no shares of preferred stock outstanding during any of the time periods indicated in the table. |
(3) | Amortization of capitalized interest includes the proportionate amount related to the ceiling test write-down. |