EX-12.1 2 dex121.htm RATIO OF EARNINGS TO FIXED CHARGES Ratio of Earnings to Fixed Charges

Exhibit 12.1

 

BJ Services Company

Ratio of Earnings to Fixed Charges

(In Thousands)

 

     Year Ended September 30,
     2001
    2002
    2003
    2004
    2005

COMPUTATION OF EARNINGS:

                         

Add:

                         

Income from continuing operations before income taxes and fixed charges

    529,181    252,694    275,672    520,737    653,347

Fixed charges

    36,634    33,558    43,478    47,922    41,107

Amortization of capitalized interest

    979    1,197    1,765    1,524    1,582

Deduct:

                         

Interest capitalized

    1,942    2,739    629    787    1,215

Minority interest in pretax income of subsidiaries that have not incurred fixed charges

    6,803    4,916    5,080    2,286    3,725
    
  
  
  
  

Earnings, as defined

    575,539    295,104    326,624    573,256    700,976
    
  
  
  
  

COMPUTATION OF FIXED CHARGES:

                         

Interest expensed and capitalized

    15,224    11,718    16,577    17,176    12,166

Amortized premiums, discounts and capitalized interest related to indebtedness

    1,177    3,159    6,456    6,389    3,671

Estimate of interest within rental expense

    20,233    18,681    20,445    24,357    25,270
    
  
  
  
  

Fixed charges, as defined

    36,634    33,558    43,478    47,922    41,107
    
  
  
  
  

Fixed charge ratio

    15.71    8.79    7.51    11.96    17.05