EX-12.1 6 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,
     2002    2003    2004    2005    2006

COMPUTATION OF EARNINGS:

               

Add:

               

Income from continuing operations before income taxes and fixed charges

    252,694    275,672    520,737    653,347    1,172,083

Fixed charges

    33,558    43,478    47,922    41,107    28,539

Amortization of capitalized interest

    1,197    1,765    1,524    1,582    1,741

Deduct:

               

Interest capitalized

    2,739    629    787    1,215    2,035

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

    4,916    5,080    2,286    3,725    3,970
                        

Earnings, as defined

    279,794    315,206    567,110    691,096    1,196,358
                        

COMPUTATION OF FIXED CHARGES:

               

Interest expensed and capitalized

    11,718    16,577    17,176    12,166    2,035

Amortized premiums, discounts and capitalized interest related to indebtedness

    3,159    6,456    6,389    3,671    1,763

Estimate of interest within rental expense

    18,681    20,445    24,357    25,270    24,741
                        

Fixed charges, as defined

    33,558    43,478    47,922    41,107    28,539
                        

Fixed charge ratio

    8.34    7.25    11.83    16.81    41.92