Exhibit 12.1
ENSCO INTERNATIONAL INCORPORATED AND SUBSIDIARIES
STATEMENT REGARDING COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(In millions, except ratios)
STATEMENT REGARDING COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(In millions, except ratios)
September 30, | September 30, | |||||||||||||||||||||||||||
2009 | 2008 | 2008 | 2007 | 2006 | 2005 | 2004 | ||||||||||||||||||||||
Earnings: | ||||||||||||||||||||||||||||
Income from continuing operations before income tax | $ | 736.3 | $ | 1,045.7 | $ | 1,397.1 | $ | 1,214.9 | $ | 986.2 | $ | 352.7 | $ | 114.5 | ||||||||||||||
Fixed charges | 20.4 | 21.2 | 28.0 | 38.7 | 41.8 | 43.5 | 45.4 | |||||||||||||||||||||
Amortization of capitalized interest | 2.0 | 1.8 | 2.4 | 2.3 | 2.0 | 1.7 | 1.5 | |||||||||||||||||||||
Less: | ||||||||||||||||||||||||||||
Interest capitalized | (15.8 | ) | (16.3 | ) | (21.6 | ) | (30.4 | ) | (18.9 | ) | (8.9 | ) | (3.9 | ) | ||||||||||||||
Total | $ | 742.9 | $ | 1,052.4 | $ | 1,405.9 | $ | 1,225.5 | $ | 1,011.1 | $ | 389.0 | $ | 157.5 | ||||||||||||||
Fixed Charges: | ||||||||||||||||||||||||||||
Interest expensed | $ | — | $ | — | $ | — | $ | 1.9 | $ | 16.5 | $ | 28.8 | $ | 36.6 | ||||||||||||||
Interest capitalized | 15.8 | 16.3 | 21.6 | 30.4 | 18.9 | 8.9 | 3.9 | |||||||||||||||||||||
Amortization of capitalized debt issuance costs and other debt related costs | 1.2 | 1.5 | 1.8 | 2.4 | 2.6 | 2.8 | 3.2 | |||||||||||||||||||||
Estimated interest within rental expense | 3.4 | 3.4 | 4.6 | 4.0 | 3.8 | 3.0 | 1.7 | |||||||||||||||||||||
Total | $ | 20.4 | $ | 21.2 | $ | 28.0 | $ | 38.7 | $ | 41.8 | $ | 43.5 | $ | 45.4 | ||||||||||||||
Ratio of Earnings to Fixed Charges | 36.4 | 49.6 | 50.2 | 31.7 | 24.2 | 8.9 | 3.5 | |||||||||||||||||||||