OCEANEERING INTERNATIONAL INC - FORM 10-K - EX-12.01 - EXHIBIT 12.01 COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES - February 24, 2017

Attached files

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EX-10.01 - EXHIBIT 10.01 OCEANEERING RETIREMENT INVESTMENT PLAN AS AMENDED DEC 28 2016 - OCEANEERING INTERNATIONAL INCoii_exhibit1001x12312016.htm
10-K - 10-K OCEANEERING INTERNATIONAL, INC. DECEMBER 31, 2016 - OCEANEERING INTERNATIONAL INCoii_10kx12312016.htm
EX-32.02 - EXHIBIT 32.02 SECTION 1350 CERTIFICATION OF PRINCIPAL FINANCIAL OFFICER DEC 2016 - OCEANEERING INTERNATIONAL INCoii_exhibit3202x12312016.htm
EX-32.01 - EXHIBIT 32.01 SEC. 1350 CERTIFICATION OF PRINCIPAL EXECUTIVE OFFICER DEC 2016 - OCEANEERING INTERNATIONAL INCoii_exhibit3201x12312016.htm
EX-31.02 - EXHIBIT 31.02 RULE 13A -14(A)/15D -14(A) CERT. OF PFO DEC 2016 - OCEANEERING INTERNATIONAL INCoii_exhibit3102x12312016.htm
EX-31.01 - EXHIBIT 31.01 RULE 13A -14(A)/15D -14(A) CERT. OF PRINCIPAL EXEC. OFF. DEC 2016 - OCEANEERING INTERNATIONAL INCoii_exhibit3101x12312016.htm
EX-23.01 - EXHIBIT 23.01 CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM - OCEANEERING INTERNATIONAL INCoii_exhibit2301x12312016.htm
EX-21.01 - EXHIBIT 21.01 SUBSIDIARIES OF OCEANEERING - OCEANEERING INTERNATIONAL INCoii_exhibit2101x12312016.htm


 
 
 
 
 
 
 
 
 
 
 
Exhibit 12.01
 
 
Oceaneering International, Inc.
Computation of Ratio of Earnings to Fixed Charges
(in thousands)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
2016
 
2015
 
2014
 
2013
 
2012
Fixed Charges:
 
Interest expensed and capitalized
 
$
29,058

 
$
27,475

 
$
5,420

 
$
2,194

 
$
4,218

(1
)
Amortized premiums, discounts and capital expenses related to indebtedness
 
—

 
—

 
395

 
261

 
261

 
Estimate of interest within rental expense
 
68,396

 
76,381

 
85,632

 
63,735

 
35,510

 
Preference security dividend requirements of consolidated subsidiaries
 
—

 
—

 
—

 
—

 
—

 
 
 
 
 
$
97,454

 
$
103,856

 
$
91,447

 
$
66,190

 
$
39,989

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Earnings:
 
Added Items:
 
 
Pretax income from continuing operations before minority interests and income (loss) from equity investees
 
$
43,102

 
$
334,031

 
$
623,528

 
$
542,203

 
$
420,249

 
 
Fixed charges
 
97,454

 
103,856

 
91,447

 
66,190

 
39,989

 
 
Amortization of capitalized interest
 
189

 
189

 
237

 
438

 
637

 
 
Distributed income of equity investees

 
6,470

 
5,963

 
4,772

 
5,290

 
8,661

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

 
—

 
—

 
—

 
—

 
Total added items
 
147,215

 
444,039

 
719,984

 
614,121

 
469,536

 
Subtracted Items:
 
 
Interest capitalized
 
3,740

 
2,425

 
712

 
—

 
—

 
 
Preference security dividend requirements of consolidated subsidiaries
 
—

 
—

 
—

 
—

 
—

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

 
—

 
—

 
—

 
—

 
Total subtracted items
 
3,740

 
2,425

 
712

 
—

 
—

 
Earnings as defined
 
$
143,475

 
$
441,614

 
$
719,272

 
$
614,121

 
$
469,536

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Ratio of earnings to fixed charges
 
1.47
x
 
4.25
x
 
7.87
x
 
9.28
x
 
11.74
x
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(1
)
 
Commencing in 2015, this amount is included in the line above, Interest expensed and capitalized.
 
 
 
 
 
 
 
 
 
 
 
 
 
 



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