EX-12.1 5 hal-3312013xex121.htm STATEMENT OF COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES HAL-3.31.2013-Ex 12.1


    
Exhibit 12.1


HALLIBURTON COMPANY
Computation of Ratio of Earnings to Fixed Charges
(Unaudited)
(Millions of dollars, except ratios)


 
Three Months Ended March 31, 2013
Year Ended December 31
 
2012
2011
2010
2009
2008
Earnings available for fixed charges:
 
 
 
 
 
 
Income (loss) from continuing operations before income taxes
$
(183
)
$
3,822

$
4,449

$
2,655

$
1,682

$
3,849

Add:
 
 
 
 
 
 
Distributed earnings from equity in unconsolidated affiliates
7

4

13

13

17

30

Fixed charges
109

445

384

402

361

232

Subtotal
(67
)
4,271

4,846

3,070

2,060

4,111

Less:
 
 
 
 
 
 
Equity in earnings of unconsolidated affiliates
1

14

20

20

16

50

Total earnings (loss) available for fixed charges
$
(68
)
$
4,257

$
4,826

$
3,050

$
2,044

$
4,061

 
 
 
 
 
 
 
Fixed charges:
 
 
 
 
 
 
Interest expense
$
74

$
305

$
268

$
308

$
297

$
167

Rental expense representative of interest
35

140

116

94

64

65

Total fixed charges
$
109

$
445

$
384

$
402

$
361

$
232

 
 
 
 
 
 
 
Ratio of earnings to fixed charges
(a)

9.6

12.6

7.6

5.7

17.5


(a) Total earnings (loss) available for fixed charges for the quarter ended March 31, 2013 was inadequate to cover fixed charges by $177 million.