Exhibit 12.1
CAMERON INTERNATIONAL CORPORATION
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Amounts in millions of dollars)
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| 2006 |
| 2007 |
| 2008 |
| 2009 |
| 2010 |
| THREE MONTHS |
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Pre-tax income from continuing operations |
| $ | 474.3 |
| $ | 688.0 |
| $ | 851.4 |
| $ | 642.8 |
| $ | 733.3 |
| $ | 139.9 |
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Equity adjustments: |
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Deduct undistributed income of less than 50% owned entities |
| (0.9 | ) | (4.1 | ) | (4.1 | ) | (3.5 | ) | — |
| (1.9 | ) | ||||||
Amortization of capitalized interest |
| 0.2 |
| 0.2 |
| 0.2 |
| 0.2 |
| 0.2 |
| — |
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Less interest capitalized during the period |
| — |
| — |
| — |
| — |
| — |
| — |
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Fixed charges: |
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Interest, including amortization of debt issuance costs and original issue discount |
| 35.0 |
| 43.8 |
| 70.3 |
| 92.4 |
| 82.2 |
| 20.7 |
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Interest portion of rental expense (1) |
| 7.7 |
| 10.1 |
| 10.0 |
| 12.4 |
| 16.6 |
| 3.2 |
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Total fixed charges |
| 42.7 |
| 53.9 |
| 80.3 |
| 104.8 |
| 98.8 |
| 23.9 |
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Earnings before income taxes and fixed charges |
| $ | 516.3 |
| $ | 738.0 |
| $ | 927.8 |
| $ | 744.3 |
| $ | 832.3 |
| $ | 161.9 |
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Ratio of earnings to fixed charges |
| 12.1 |
| 13.7 |
| 11.6 |
| 7.1 |
| 8.4 |
| 6.8 |
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(1) The portion of rent included in the calculation is believed to be a reasonable approximation of the interest factor.