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HELMERICH & PAYNE, INC.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
($ in thousands, except ratio)
| Years Ended September 30, | |||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2015 | 2014 | 2013 | 2012 | 2011 | |||||||||||
Fixed Charges | ||||||||||||||||
Interest Expense | $ | 15,036 | $ | 4,654 | $ | 6,129 | $ | 8,653 | $ | 17,355 | ||||||
Interest Capitalized During the Period | 6,951 | 7,677 | 8,788 | 12,882 | 8,207 | |||||||||||
Net Amortization of Debt Discount and Premium and Issuance Expense | 59 | 400 | 409 | 315 | 169 | |||||||||||
Interest Portion of Rental Expense | 877 | 826 | 692 | 656 | 569 | |||||||||||
| | | | | | | | | | | | | | | | |
Total Fixed Charges Denominator | $ | 22,923 | $ | 13,557 | $ | 16,018 | $ | 22,506 | $ | 26,300 | ||||||
Earnings | ||||||||||||||||
Pretax Income from Continuing Operations | $ | 665,647 | $ | 1,096,314 | $ | 1,114,297 | $ | 902,580 | $ | 687,067 | ||||||
Fixed Charges Calculated Above | 22,923 | 13,557 | 16,018 | 22,506 | 26,300 | |||||||||||
Less Interest Capitalized During the Period | (6,951 | ) | (7,677 | ) | (8,788 | ) | (12,882 | ) | (8,207 | ) | ||||||
Current Period Amortization of Interest Capitalized in Prior Periods | 4,357 | 3,963 | 3,621 | 3,109 | 2,299 | |||||||||||
| | | | | | | | | | | | | | | | |
Earnings Numerator | $ | 685,976 | $ | 1,106,157 | $ | 1,125,148 | $ | 915,313 | $ | 707,459 | ||||||
Ratio of Earnings to Fixed Charges | 29.9x | 81.6x | 70.2x | 40.7x | 26.9x |
HELMERICH & PAYNE, INC. COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
($ in thousands, except ratio)