Free signup for more
- 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 |
H.S. sophomore Avg
|
New words:
challenging, complement, divestiture, forma, forward, frequently, inflow, interim, November, preliminary, Pro, proprietary, provision, reactivate, scope, stacked, test, tool, TRS, undrawn, unused, whipstock
Removed:
asserted, carryforward, Chancery, claim, committee, Corrupt, counsel, Delaware, East, Ernest, evaluated, Family, fiduciary, firm, formed, inspect, investigation, jurisdiction, law, letter, Maresca, Middle, NOL, performance, plaintiff, purpose, pursue, pursuing, question, recommendation, recommended, reduce, representing, satisfy, secure, sought, strong, vendor, violated
Filing tables
Filing exhibits
Related press release
PKDC similar filings
Filing view
External links
EXHIBIT 12.1
Parker Drilling Company
Computation of Ratio of Earnings to Fixed Charges
(Dollars in Thousands)
Six Months Ended | Fiscal Year Ended December 31, | ||||||||||||||||
June 30, 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | ||||||||||||
Pretax Income (Loss) | (17,254 | ) | 48,537 | 52,787 | 70,977 | (65,412 | ) | 11,505 | |||||||||
Fixed Charges | 22,606 | 45,436 | 50,196 | 43,782 | 41,865 | 40,294 | |||||||||||
Amortization of Capitalized Interest | 1,894 | 3,939 | 4,058 | 1,887 | 1,557 | 1,819 | |||||||||||
Capitalized Interest | (132 | ) | (1,171 | ) | (2,376 | ) | (10,240 | ) | (19,271 | ) | (13,489 | ) | |||||
Earnings before Income Tax & Fixed Charges | 7,114 | 96,741 | 104,665 | 106,406 | (41,261 | ) | 40,129 | ||||||||||
Interest Expense | 22,474 | 44,265 | 47,820 | 33,542 | 22,594 | 26,805 | |||||||||||
Capitalized Interest | 132 | 1,171 | 2,376 | 10,240 | 19,271 | 13,489 | |||||||||||
Total Fixed Charges | 22,606 | 45,436 | 50,196 | 43,782 | 41,865 | 40,294 | |||||||||||
Ratio of Earnings to Fixed Charges | .3x | 2.1x | 2.1x | 2.4x | (1 | ) | 1x |
(1) For the year ended December 31, 2011, earnings were deficient to cover fixed charges by $41.3 million, which was primarily due to a pre-tax, non-cash charge to earnings of $170.0 million related to the impairment of our two Alaska rigs.