Attached files
| file | filename |
|---|---|
| EX-32.2 - EXHIBIT 32.2 - OCEANEERING INTERNATIONAL INC | oii_exhibitx3202x03312018.htm |
| EX-32.1 - EXHIBIT 32.1 - OCEANEERING INTERNATIONAL INC | oii_exhibitx3201x03312018.htm |
| EX-31.2 - EXHIBIT 31.2 - OCEANEERING INTERNATIONAL INC | oii_exhibitx3102x03312018.htm |
| EX-31.1 - EXHIBIT 31.1 - OCEANEERING INTERNATIONAL INC | oii_exhibitx3101x03312018.htm |
| 10-Q - 10-Q - OCEANEERING INTERNATIONAL INC | oii_10qx03312018.htm |
Exhibit 12.01 | ||||||||||||||||||||||||||||
Oceaneering International, Inc. | ||||||||||||||||||||||||||||
Computation of Ratio of Earnings to Fixed Charges | ||||||||||||||||||||||||||||
($ in thousands) | ||||||||||||||||||||||||||||
Three Months Ended | Year Ended December 31, | |||||||||||||||||||||||||||
Mar 31, 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |||||||||||||||||||||||
Fixed Charges: | ||||||||||||||||||||||||||||
Interest expensed and capitalized | $ | 10,949 | $ | 32,385 | $ | 29,058 | $ | 27,475 | $ | 5,420 | $ | 2,194 | ||||||||||||||||
(1 | ) | Amortized premiums, discounts and capital expenses related to indebtedness | — | — | — | — | 395 | 261 | ||||||||||||||||||||
Estimate of interest within rental expense | 5,708 | 32,426 | 68,396 | 76,381 | 85,632 | 63,735 | ||||||||||||||||||||||
Preference security dividend requirements of consolidated subsidiaries | — | — | — | — | ||||||||||||||||||||||||
$ | 16,657 | $ | 64,811 | $ | 97,454 | $ | 103,856 | $ | 91,447 | $ | 66,190 | |||||||||||||||||
Earnings: | ||||||||||||||||||||||||||||
Added Items: | ||||||||||||||||||||||||||||
Pretax income from continuing operations before minority interests and income (loss) from equity investees | $ | (42,402 | ) | $ | (15,861 | ) | $ | 43,102 | $ | 334,031 | $ | 623,528 | $ | 542,203 | ||||||||||||||
Fixed charges | 16,657 | 64,811 | 97,454 | 103,856 | 91,447 | 66,190 | ||||||||||||||||||||||
Amortization of capitalized interest | 40 | 168 | 189 | 189 | 237 | 438 | ||||||||||||||||||||||
Distributed income of equity investees | 1,579 | 2,556 | 6,470 | 5,963 | 4,772 | 5,290 | ||||||||||||||||||||||
Share of pretax losses of equity investees for which charges arising from guarantees are included in fixed charges | — | — | — | — | — | — | ||||||||||||||||||||||
Total added items | (24,126 | ) | 51,674 | 147,215 | 444,039 | 719,984 | 614,121 | |||||||||||||||||||||
Subtracted Items: | ||||||||||||||||||||||||||||
Interest capitalized | 1,578 | 4,568 | 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 | 1,578 | 4,568 | 3,740 | 2,425 | 712 | — | ||||||||||||||||||||||
Earnings as defined | $ | (25,704 | ) | $ | 47,106 | $ | 143,475 | $ | 441,614 | $ | 719,272 | $ | 614,121 | |||||||||||||||
Ratio of earnings to fixed charges | (1.54 | )x | 0.73 | x | 1.47 | x | 4.25 | x | 7.87 | x | 9.28 | x | ||||||||||||||||
(1) Commencing in 2015, this amount is included in the line above, Interest expensed and capitalized.