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EXCEL - IDEA: XBRL DOCUMENT - OCEANEERING INTERNATIONAL INCFinancial_Report.xls
EX-32.01 - EXHIBIT 32.01 SECTION 1350 CERTIFICATION OF PRINCIPAL EXECUTIVE OFFICER - OCEANEERING INTERNATIONAL INCoii_exhibitx3201x03312015.htm
EX-31.02 - EXHIBIT 31.02 RULE 13A 14(A)/15D 14(A) CERTIFICATION OF PRINCIPAL FINANCIAL OF - OCEANEERING INTERNATIONAL INCoii_exhibitx3102x03312015.htm
EX-31.01 - EXHIBIT 31.01 RULE 13A 14(A)/15D 14(A) CERTIFICATION OF PRINCIPAL EXECUTIVE OF - OCEANEERING INTERNATIONAL INCoii_exhibitx3101x03312015.htm
EX-32.02 - EXHIBIT 32.02 SECTION 1350 CERTIFICATION OF PRINCIPAL FINANCIAL OFFICER - OCEANEERING INTERNATIONAL INCoii_exhibitx3202x03312015.htm
10-Q - 10-Q OCEANEERING INTERNATIONAL, INC. MARCH 2015 - OCEANEERING INTERNATIONAL INCoii_10qx03312015.htm


 
 
 
 
 
 
 
 
 
 
 
 
 
Exhibit 12.01
 
 
Oceaneering International, Inc.
Computation of Ratio of Earnings to Fixed Charges
($ in thousands)
 
 
 
 
 
Three Months ended
 
Year Ended December 31,
 
 
 
 
 
March 31, 2015
 
2014
 
2013
 
2012
 
2011
 
2010
Fixed Charges:
 
Interest expensed and capitalized
 
$
6,643

 
$
5,420

 
$
2,194

 
$
4,218

 
$
1,096

 
$
6,321

 
Amortized premiums, discounts and capital expenses related to indebtedness
 
266

 
395

 
261

 
261

 

 
126

 
Estimate of interest within rental expense
 
19,585

 
85,632

 
63,735

 
35,510

 
24,451

 
23,151

 
Preference security dividend requirements of consolidated subsidiaries
 

 

 

 

 

 

 
 
 
 
 
$
26,494

 
$
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
 
$
101,418

 
$
623,528

 
$
542,203

 
$
420,249

 
$
334,084

 
$
303,144

 
 
Fixed charges
 
26,494

 
91,447

 
66,190

 
39,989

 
25,547

 
29,598

 
 
Amortization of capitalized interest
 
51

 
237

 
438

 
637

 
633

 
621

 
 
Distributed income of equity investees
 
1,054

 
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
 
129,017

 
719,984

 
614,121

 
469,536

 
366,327

 
341,010

 
Subtracted Items:
 
 
Interest capitalized
 
555

 
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
 
555

 
712

 

 

 

 
311

 
Earnings as defined
 
$
128,462

 
$
719,272

 
$
614,121

 
$
469,536

 
$
366,327

 
$
340,699

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Ratio of earnings to fixed charges
 
4.85
x
 
7.87
x
 
9.28
x
 
11.74
x
 
14.34
x
 
11.51
x