EX-12.1 4 h86756ex12-1.txt COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES 1 EXHIBIT 12.1 BURLINGTON RESOURCES INC. RATIO OF EARNINGS TO FIXED CHARGES (UNAUDITED)
Three Months Ended March 31, Year Ended December 31, ------------------ ------------------------------------------------ 2001 2000 2000 1999 1998 1997 1996 ------ ------ ------ ------ ------ ------ ------ Earnings (Loss) Income (Loss) Before Income Taxes .................... 561 137 967 $ (13) $ (624) $ 470 $ 473 Add Interest and fixed charges ........................ 45 50 197 211 193 174 170 Portion of rent under long-term operating leases representative of an interest factor .... 3 2 8 8 7 8 9 ------ ------ ------ ------ ------ ------ ------ Total Earnings (Loss) Available for Fixed Charges .... $ 609 $ 189 $1,172 $ 206 $ (424) $ 652 $ 652 ====== ====== ====== ====== ====== ====== ====== Fixed Charges Interest and fixed charges ........................... $ 45 $ 50 $ 197 $ 211 $ 193 $ 174 $ 170 Portion of rent under long-term operating leases representative of an interest factor ....... 3 2 8 8 7 8 9 Capitalized interest ................................. 14 12 14 ------ ------ ------ ------ ------ ------ ------ Total Fixed Charges .................................. $ 48 $ 52 $ 205 $ 219 $ 214 $ 194 $ 193 ------ ------ ------ ====== ====== ====== ====== Ratio of Earnings to Fixed Charges (1) ................... 12.69x 3.63x 5.72x .94x -- 3.36x 3.38x ====== ====== ====== ====== ====== ====== ======
(1) Total earnings available for fixed charges in 1998 were inadequate to cover total fixed charges in the amount of approximately $638 million due to the impairment of oil and gas properties.