Exhibit 12.1
Frank’s International N.V.
Ratio of Earnings to Fixed Charges
| Years Ended December 31, | Six Months Ended June 30, | |||||||||||||||||||||||
| 2014 | 2013 | 2012 | 2011 | 2010 | 2015 | |||||||||||||||||||
Earnings: | ||||||||||||||||||||||||
Income from continuing operations before income taxes | $ | 304,724 | $ | 346,922 | $ | 376,127 | $ | 183,085 | $ | 126,253 | $ | 97,145 | ||||||||||||
Plus: Fixed charges | 6,455 | 6,345 | 4,589 | 5,017 | 4,036 | 3,461 | ||||||||||||||||||
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Total earnings available for fixed charges | $ | 311,179 | $ | 353,267 | $ | 380,716 | $ | 188,102 | $ | 130,289 | $ | 100,606 | ||||||||||||
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Fixed charges: | ||||||||||||||||||||||||
Interest expense and amortization of deferred financing costs | $ | 706 | $ | 1,471 | $ | 808 | $ | 1,549 | $ | 2,316 | $ | 272 | ||||||||||||
Interest component of rental expense | 5,749 | 4,874 | 3,781 | 3,468 | 1,720 | 3,189 | ||||||||||||||||||
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Total fixed charges | $ | 6,455 | $ | 6,345 | $ | 4,589 | $ | 5,017 | $ | 4,036 | $ | 3,461 | ||||||||||||
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Ratio of Earnings to Fixed Charges | 48.2 | x | 55.7 | x | 83.0 | x | 37.5 | x | 32.3 | x | 29.1 | x | ||||||||||||
The ratios were computed by dividing earnings by fixed charges. For this purpose, earnings include income from continuing operations before income taxes, adjusted for fixed charges to the extent they affect current year earnings. Fixed charges include interest expensed, amortization of capitalized expenses related to indebtedness and estimates of interest within rental expenses.
