Attached files
file | filename |
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EX-31.2 - EXHIBIT 31.2 - PARKER DRILLING CO /DE/ | pkd-20151231x10kxex312.htm |
EX-32.1 - EXHIBIT 32.1 - PARKER DRILLING CO /DE/ | pkd-20151231x10kxex321.htm |
EX-32.2 - EXHIBIT 32.2 - PARKER DRILLING CO /DE/ | pkd-20151231x10kxex322.htm |
EX-21 - EXHIBIT 21 - PARKER DRILLING CO /DE/ | pkd-20151231x10kxex21.htm |
EX-23.1 - EXHIBIT 23.1 - PARKER DRILLING CO /DE/ | pkd-20151231x10kxex231.htm |
EX-31.1 - EXHIBIT 31.1 - PARKER DRILLING CO /DE/ | pkd-20151231x10kxex311.htm |
EX-10.9 - EXHIBIT 10.9 - PARKER DRILLING CO /DE/ | pkd-20151231x10kxex109.htm |
10-K - 10-K - PARKER DRILLING CO /DE/ | a10k-12312015.htm |
EXHIBIT 12.1
Parker Drilling Company
Computation of Ratio of Earnings to Fixed Charges
(Dollars in Thousands)
Fiscal Year Ended December 31, | ||||||||||||||
2015 | 2014 | 2013 | 2012 | 2011 | ||||||||||
Pretax Income | (71,971 | ) | 48,537 | 52,787 | 70,977 | (65,412 | ) | |||||||
Fixed Charges | 45,380 | 45,436 | 50,196 | 43,782 | 41,865 | |||||||||
Amortization of Capitalized Interest | 3,793 | 3,939 | 4,058 | 1,887 | 1,557 | |||||||||
Capitalized Interest | (224 | ) | (1,171 | ) | (2,376 | ) | (10,240 | ) | (19,271 | ) | ||||
Earnings before Income Tax & Fixed Charges | (23,022 | ) | 96,741 | 104,665 | 106,406 | (41,261 | ) | |||||||
Interest Expense | 45,155 | 44,265 | 47,820 | 33,542 | 22,594 | |||||||||
Capitalized Interest | 224 | 1,171 | 2,376 | 10,240 | 19,271 | |||||||||
Total Fixed Charges | 45,379 | 45,436 | 50,196 | 43,782 | 41,865 | |||||||||
Ratio of Earnings to Fixed Charges | (1) | 2.1x | 2.1x | 2.4x | (2) |
(1) For the year ended December 31, 2015, earnings were deficient to cover fixed charges by $23.0 million.
(2) For the year ended December 31, 2011, earnings were deficient to cover fixed charges by $41.3 million, which was primarily due to a pre-tax, non-cash charge to earnings of $170.0 million related to the impairment of our two Alaska rigs.