Exhibit 12.1
Continental Resources, Inc.
Ratio of Earnings to Fixed Charges
(in thousands, except ratio)
Six Months Ended | Year Ended December 31, | |||||||||||||||||||||||
June 30, 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | |||||||||||||||||||
Earnings | ||||||||||||||||||||||||
Income (loss) before income taxes | $ | (511,705 | ) | $ | (535,085 | ) | $ | 1,562,038 | $ | 1,213,049 | $ | 1,155,196 | $ | 687,445 | ||||||||||
Plus: Fixed charges | 162,875 | 313,079 | 283,928 | 235,275 | 140,708 | 76,722 | ||||||||||||||||||
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Earnings, as defined | $ | (348,830 | ) | $ | (222,006 | ) | $ | 1,845,966 | $ | 1,448,324 | $ | 1,295,904 | $ | 764,167 | ||||||||||
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Fixed charges | ||||||||||||||||||||||||
Interest expense | $ | 162,875 | $ | 313,079 | $ | 283,928 | $ | 235,275 | $ | 140,708 | $ | 76,722 | ||||||||||||
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Fixed charges, as defined | $ | 162,875 | $ | 313,079 | $ | 283,928 | $ | 235,275 | $ | 140,708 | $ | 76,722 | ||||||||||||
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Ratio of earnings to fixed charges | n/a | n/a | 6.5x | 6.2x | 9.2x | 10.0x | ||||||||||||||||||
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