Exhibit 12.1
CAMERON INTERNATIONAL CORPORATION
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Amounts in millions of dollars)
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| 2008 |
| 2009 |
| 2010 |
| 2011 |
| 2012 |
| NINE MONTHS |
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Pre-tax income from continuing operations |
| $ | 851.4 |
| $ | 642.8 |
| $ | 733.3 |
| $ | 651.1 |
| $ | 938.0 |
| $ | 636.8 |
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Equity adjustments: |
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Deduct undistributed income of less than 50% owned entities |
| (4.1 | ) | (3.5 | ) | — |
| (4.6 | ) | (6.8 | ) | (4.3 | ) | ||||||
Amortization of capitalized interest |
| 0.2 |
| 0.2 |
| 0.2 |
| 0.1 |
| 0.1 |
| — |
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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 |
| 70.3 |
| 92.4 |
| 82.2 |
| 92.4 |
| 104.4 |
| 83.6 |
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Interest portion of rental expense (1) |
| 10.0 |
| 12.4 |
| 16.6 |
| 11.4 |
| 12.0 |
| 12.9 |
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Total fixed charges |
| 80.3 |
| 104.8 |
| 98.8 |
| 103.8 |
| 116.4 |
| 96.5 |
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Earnings before income taxes and fixed charges |
| $ | 927.8 |
| $ | 744.3 |
| $ | 832.3 |
| $ | 750.4 |
| $ | 1,047.7 |
| $ | 729.0 |
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Ratio of earnings to fixed charges |
| 11.6 |
| 7.1 |
| 8.4 |
| 7.2 |
| 9.0 |
| 7.6 |
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(1) The portion of rent included in the calculation is believed to be a reasonable approximation of the interest factor.