Weatherford International plc - FORM 10-K - EX-12.1 - EXHIBIT 12.1 RATIO OF EARNINGS TO FIXED CHARGE 2017 - February 14, 2018

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EX-31.2 - EXHIBIT 31.2 CFO 302 CERT WFT 123117 - Weatherford International plcex312cfo302certwft123117.htm
10-K - WFT 2017 FORM 10-K - Weatherford International plcwft201710-k.htm
EX-32.2 - EXHIBIT 32.2 CFO 906 CERT WFT 123117 - Weatherford International plcex322cfo906certwft123117.htm
EX-32.1 - EXHIBIT 32.1 CEO 906 CERT WFT 123117 - Weatherford International plcex321ceo906certwft123117.htm
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EX-23.1 - EXHIBIT 23.1 KPMG CONSENT WFT 123117 - Weatherford International plcex231-kpmgconsentwft123117.htm
EX-21.1 - EXHIBIT 21.1 SIGNIFICANT SUBSIDIARIES 2017 - Weatherford International plcex211-sigsubswft123117.htm
EX-10.52 - EXHIBIT 10.52 ASSETS PURCHASE AGREEMENT - Weatherford International plcex1052assetpurchaseagreeme.htm
EX-10.35 - EXHIBIT 10.35 SEVERANCE AGREEMENT - Weatherford International plcex1035severanceagreementwa.htm
EX-10.29 - EXHIBIT 10.29 WFT 2010 OMNIBUS INCENTIVE PLAN - RSU AWARD AGREEMENT ROCE - Weatherford International plcex1029wft2010omnibusincent.htm
EX-10.28 - EXHIBIT 10.28 WFT 2010 OMNIBUS INCENTIVE PLAN - RSU AWARD AGREEMENT RELATIVE TSR - Weatherford International plcex1028wft2010omnibusincent.htm
EX-10.27 - EXHIBIT 10.27 WFT 2010 OMNIBUS INCENTIVE PLAN - RSU AWARD AGREEMENT - Weatherford International plcex1027wft2010omnibusincent.htm


Exhibit 12.1
Computation of Ratio of Earnings to Fixed Charges
 
 
Year Ended December 31,
(Dollars in millions except ratios)
 
2017
 
2016
 
2015
 
2014
 
2013
Income (Loss) from continuing operations before income taxes (a)
 
$
(2,653
)
 
$
(2,868
)
 
$
(2,099
)
 
$
(261
)
 
$
(207
)
Fixed charges:
 
 
 
 
 
 
 
 
 
 
Interest expense (b)
 
595

 
506

 
474

 
507

 
524

Capitalized Interest
 
1

 
1

 
1

 
5

 
4

Interest factor portion of rentals (c)
 
52

 
86

 
114

 
132

 
131

Total fixed charges
 
648

 
593

 
589

 
644

 
659

Less: Capitalized Interest
 
(1
)
 
(1
)
 
(1
)
 
(5
)
 
(4
)
Earnings (loss) before income taxes and fixed charges
 
$
(2,006
)
 
$
(2,276
)
 
$
(1,511
)
 
$
378

 
$
448

Ratio of earnings to fixed charges (d)
 
—

 
—

 
—

 
—

 
—

(a)
Income from continuing operations before income taxes has been adjusted to include only distributed income of less-than-fifty-percent-owned persons.
(b)
Interest expense consists of interest expense incurred from continuing operations and amortization of debt issuance costs.
(c)
Interest factor portion of rentals is estimated to be one-third of rental expense.
(d)
For the years ended December 31, 2017, 2016, 2015, 2014 and 2013, earnings, as defined, before fixed charges were inadequate to cover fixed charges by $2.7 billion, $2.9 billion, $2.1 billion, $266 million and $211 million, respectively.





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