Oil States International (OIS) 10-Q 2013 Q3 Quarterly report

Exhibit 12.1

OIL STATES INTERNATIONAL, INC.

COMPUTATION OF RATIO OF EARNINGS TO COMBINED FIXED CHARGES

(DOLLARS IN THOUSANDS)

	For the
	nine months
	ended			For the years ended December 31,
	September 30, 2013			2012			2011			2010			2009			2008
Earnings
Income before income taxes	$	324,524		$	626,895		$	455,069		$	240,628		$	105,709		$	373,450
Income from equity investees		759			(243	)		163			(239	)		(1,452	)		(4,035	)
Income before income taxes beforeadjustment from equity investees		325,283			626,652			455,232			240,389			104,257			369,415
Fixed charges		67,074			77,387			66,976			20,305			18,437			26,325
Amortization of capitalized interest		548			1,021			667			132			115			110
Distributed income of equity investees		-			3			15			96			-			1,052
Capitalized interest		(759	)		(3,541	)		(5,348	)		(171	)		(51	)		-
Noncontrolling interests in subs that havenot incurred fixed charges		(1,086	)		(1,239	)		(969	)		(587	)		(498	)		(446	)
Total earnings available for fixed charges	$	391,061		$	700,283		$	516,573		$	260,164		$	122,260		$	396,456
Fixed charges
Interest expense	$	52,414		$	57,330		$	43,005		$	7,322		$	7,464		$	16,251
Capitalized interest		759			3,541			5,348			171			51			-
Amortization of debt discount		-			4,106			7,786			7,249			6,749			6,283
Amortization of debt issue costs		9,202			7,301			6,497			1,703			1,053			1,051
Interest component of rent		4,699			5,109			4,340			3,860			3,120			2,740
Total fixed charges	$	67,074		$	77,387		$	66,976		$	20,305		$	18,437		$	26,325
Ratio of earnings to fixed charges		5.83			9.05			7.71			12.81			6.63			15.06