Exhibit 12.1
Continental Resources, Inc.
Ratio of Earnings to Fixed Charges
(in thousands, except ratio)
Year Ended December 31, | ||||||||||||||||||||
2017 | 2016 | 2015 | 2014 | 2013 | ||||||||||||||||
Earnings | ||||||||||||||||||||
Income (loss) before income taxes | $ | 156,067 | $ | (632,454 | ) | $ | (535,085 | ) | $ | 1,562,038 | $ | 1,213,049 | ||||||||
Plus: Fixed charges | 294,495 | 320,562 | 313,079 | 283,928 | 235,275 | |||||||||||||||
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Earnings, as defined | $ | 450,562 | $ | (311,892 | ) | $ | (222,006 | ) | $ | 1,845,966 | $ | 1,448,324 | ||||||||
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Fixed charges | ||||||||||||||||||||
Interest expense | $ | 294,495 | $ | 320,562 | $ | 313,079 | $ | 283,928 | $ | 235,275 | ||||||||||
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Fixed charges, as defined | $ | 294,495 | $ | 320,562 | $ | 313,079 | $ | 283,928 | $ | 235,275 | ||||||||||
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Ratio of earnings to fixed charges | 1.5x | n/a | n/a | 6.5x | 6.2x | |||||||||||||||
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