EX-12.1 7 dex121.txt COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES Exhibit 12.1 BJ Services Company Ratio of Earnings to Fixed Charges (dollars in thousands) (As per S-K Item 503(d))
Nine Months Ended Pro Forma Pro Forma Year Ended September 30, June 30, June 30, September 30, ---------------------------------------- ----------------- --------- ------------- 1997 1998 1999 2000 2001 2001 2002 2002 2001 ------- ------- ------- ------- ------- ------- ------- --------- ------------- Pre-tax income............... 154,368 172,054 (44,909) 175,283 529,181 377,308 203,945 179,798 538,361 Minority interest expense.... 805 3,206 2,585 3,263 6,803 4,587 3,560 3,560 6,803 Interest factor on rent...... 8,859 15,384 15,624 18,745 20,233 15,175 16,471 19,521 24,300 Interest expense(1).......... 30,715 25,685 31,365 19,968 13,282 12,109 5,005 12,306 26,193 ------- ------- ------- ------- ------- ------- ------- ------- ------- Earnings, as defined......... 194,747 216,329 4,665 217,259 569,499 409,179 228,981 215,185 595,657 ======= ======= ======= ======= ======= ======= ======= ======= ======= Rent expense................. 26,576 46,153 46,871 56,235 60,700 45,525 49,412 58,562 72,900 Interest factor on rent (1/3) 8,859 15,384 15,624 18,745 20,233 15,175 16,471 19,521 24,300 Minority interest expense.... 805 3,206 2,585 3,263 6,803 4,587 3,560 3,560 6,803 Interest expense............. 30,715 25,685 31,365 19,968 13,282 12,109 5,005 12,306 26,193 ------- ------- ------- ------- ------- ------- ------- ------- ------- Fixed charges, as defined.... 40,379 44,275 49,574 41,976 40,318 31,871 25,036 35,387 57,296 ======= ======= ======= ======= ======= ======= ======= ======= ======= Fixed charge ratio........... 4.82 4.89 .09 5.18 14.13 12.84 9.15 6.08 10.40 ======= ======= ======= ======= ======= ======= ======= ======= =======
-------- (1) Includes amortization of debt issue costs.