EOG RESOURCES INC - FORM 10-K - EX-12 - COMPUTATION OF RATIOS - February 25, 2016

Attached files

file filename
EX-31.1 - SECTION 302 CERTIFICATION OF PRINCIPAL EXECUTIVE OFFICER - EOG RESOURCES INCex31120151231.htm
10-K - 10-K - EOG RESOURCES INCa2015123110-k.htm
EX-21 - SUBSIDIARIES OF THE REGISTRANT - EOG RESOURCES INCex2120151231.htm
EX-23.1 - CONSENTS OF EXPERTS AND COUNSEL - EOG RESOURCES INCex23120151231.htm
EX-23.2 - CONSENTS OF EXPERTS AND COUNSEL - EOG RESOURCES INCex23220151231.htm
EX-23.3 - CONSENTS OF EXPERTS AND COUNSEL - EOG RESOURCES INCex23320151231.htm
EX-24 - POWER OF ATTORNEY - EOG RESOURCES INCex2420151231.htm
EX-31.2 - SECTION 302 CERTIFICATION OF PRINCIPAL FINANCIAL OFFICER - EOG RESOURCES INCex31220151231.htm
EX-32.1 - SECTION 906 CERTIFICATION OF PRINCIPAL EXECUTIVE OFFICER - EOG RESOURCES INCex32120151231.htm
EX-32.2 - SECTION 906 CERTIFICATION OF PRINCIPAL FINANCIAL OFFICER - EOG RESOURCES INCex32220151231.htm
EX-95 - MINE SAFETY DISCLOSURE - EOG RESOURCES INCex9520151231.htm
10-K - 10-K PDF FILE - EOG RESOURCES INCeog2015123110k.pdf


EXHIBIT 12


EOG RESOURCES, INC.
Computation of Ratio of Earnings to Fixed Charges
(In Thousands)
(Unaudited)


Year Ended December 31
 
2015
 
 
2014
 
2013
 
2012
 
2011
 
 
 
 
 
 
 
 
 
 
 
 
EARNINGS AVAILABLE FOR FIXED CHARGES:
 
 
 
 
 
 
 
 
 
 
 
Net Income (Loss)
$
(4,524,515
)
 
$
2,915,487

$
2,197,109

$
570,279

$
1,091,123

Less:
Capitalized Interest
 
(41,841
)
 
 
(57,170
)
 
(49,139
)
 
(49,702
)
 
(57,741
)
Add:
Fixed Charges
 
355,539

 
 
337,762

 
348,399

 
323,965

 
315,702

Income Tax Provision (Benefit)
 
(2,397,041
)
 
 
2,079,828

 
1,239,777

 
710,461

 
818,676

TOTAL EARNINGS AVAILABLE FOR FIXED CHARGES
$
(6,607,858
)
 
$
5,275,907

$
3,736,146

$
1,555,003

$
2,167,760

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
FIXED CHARGES:
 
 
 
 
 
 
 
 
 
 
 
Interest Expense
$
227,913

 
$
193,171

$
226,721

$
205,789

$
197,572

Capitalized Interest
 
41,841

 
 
57,170

 
49,139

 
49,702

 
57,741

Capitalized Expense Related to Indebtedness
 
9,480

 
 
8,287

 
8,739

 
7,763

 
12,791

Rental Expense Representative of Interest Factor
 
76,305

 
 
79,134

 
63,800

 
60,711

 
47,598

TOTAL FIXED CHARGES
$
355,539

 
$
337,762

$
348,399

$
323,965

$
315,702

 
 
 
 
 
 
 
 
 
 
 
 
RATIO OF EARNINGS TO FIXED CHARGES
 
(18.59
)
(1) 
 
15.62

 
10.72

 
4.80

 
6.87

 
(1)
For the year ended December 31, 2015, total fixed charges exceeded earnings available for fixed charges by $7.0 billion primarily due to impairment charges recognized in 2015 with respect to our proved oil and gas properties and other assets.


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