- Track your favorite companies
- Receive email alerts for new filings
- Personalized dashboard of news and more
- Access all data and search results
Content analysis
?Positive | ||
Negative | ||
Uncertain | ||
Constraining | ||
Legalese | ||
Litigous | ||
Readability |
8th grade Avg
|
EXHIBIT 12.1
NOBLE ENERGY, INC.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(In Thousands)
|
| Six Months Ended |
|
|
|
|
|
|
|
|
|
|
| |||||||||
|
| June 30, |
| Year Ended December 31, |
| |||||||||||||||||
|
| 2005 |
| 2004 |
| 2004 |
| 2003 |
| 2002 |
| 2001 |
| 2000 |
| |||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||
Income from continuing operations before cumulative effect of change in accounting principle |
| $ | 399,830 |
| $ | 244,831 |
| $ | 516,041 |
| $ | 141,639 |
| $ | 27,896 |
| $ | 150,130 |
| $ | 207,890 |
|
Add (deduct): |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||
Fixed charges |
| 35,525 |
| 31,577 |
| 62,747 |
| 62,075 |
| 64,566 |
| 54,434 |
| 50,434 |
| |||||||
Interest capitalized |
| (8,946 | ) | (6,642 | ) | (13,401 | ) | (14,134 | ) | (16,331 | ) | (15,953 | ) | (6,326 | ) | |||||||
Distributions less equity in earnings of equity investees |
| (378 | ) | 2,707 |
| (11,275 | ) | 5,499 |
| 8,164 |
| (6,981 | ) | (13,544 | ) | |||||||
Earnings as defined |
| $ | 426,031 |
| $ | 272,473 |
| $ | 554,112 |
| $ | 195,079 |
| $ | 84,295 |
| $ | 181,630 |
| $ | 238,454 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||
Interest expense, net of capitalized interest |
| $ | 25,942 |
| $ | 24,370 |
| $ | 48,227 |
| $ | 46,977 |
| $ | 47,709 |
| $ | 38,007 |
| $ | 43,697 |
|
Interest capitalized |
| 8,946 |
| 6,642 |
| 13,401 |
| 14,134 |
| 16,331 |
| 15,953 |
| 6,326 |
| |||||||
Interest portion of rental expense |
| 637 |
| 565 |
| 1,119 |
| 964 |
| 526 |
| 474 |
| 411 |
| |||||||
Fixed charges as defined |
| $ | 35,525 |
| $ | 31,577 |
| $ | 62,747 |
| $ | 62,075 |
| $ | 64,566 |
| $ | 54,434 |
| $ | 50,434 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||
Ratio of earnings to fixed charges |
| 11.99 |
| 8.63 |
| 8.83 |
| 3.14 |
| 1.31 |
| 3.34 |
| 4.73 |
|