EX-12.1 4 dex121.txt COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES Exhibit 12.1 BJ Services Company Ratio of Earnings to Fixed Charges (As per S-K Item 503(d))
Six Months Ended Pro Forma Pro Forma Year Ended September 30, March 31, March 31, September 30, ------------------------------------------------------ --------------------- ---------- ------------- 1997 1998 1999 2000 2001 2001 2002 2002 2001 ---------- --------- ----------- ---------- ---------- ---------- ---------- ---------- ------------- Pre-tax income 154,368 172,054 (44,909) 175,283 529,181 218,507 162,915 143,294 538,361 Minority interest expense 805 3,206 2,585 3,263 6,803 3,055 2,234 2,234 6,803 Interest factor on rent 8,859 15,384 15,624 18,745 20,233 9,373 10,117 12,150 24,300 Interest expense (1) 30,715 25,685 31,365 19,968 13,282 7,817 2,310 8,503 26,193 ---------- --------- ----------- ---------- ---------- ---------- ---------- ---------- ------------- Earnings, as defined 194,747 216,329 4,665 217,259 569,499 238,752 177,576 166,181 595,657 ========== ========= =========== ========== ========== ========== ========== ========== ============= Rent expense 26,576 46,153 46,871 56,235 60,700 28,118 30,350 36,450 72,900 Interest factor on rent (1/3) 8,859 15,384 15,624 18,745 20,233 9,373 10,117 12,150 24,300 Minority interest expense 805 3,206 2,585 3,263 6,803 3,055 2,234 2,234 6,803 Interest expense 30,715 25,685 31,365 19,968 13,282 7,817 2,310 8,503 26,193 ---------- --------- ----------- ---------- ---------- ---------- ---------- ---------- ------------- Fixed charges, as defined 40,379 44,275 49,574 41,976 40,318 20,245 14,661 22,887 57,296 ========== ========= =========== ========== ========== ========== ========== ========== ============= Fixed charge ratio 4.82 4.89 .09 5.18 14.13 11.79 12.11 7.26 10.40 ========== ========= =========== ========== ========== ========== ========== ========== =============
------------------------ (1) Includes amortization of debt issue costs.