EX-12.1 3 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,
     2003    2004    2005    2006    2007

COMPUTATION OF EARNINGS:

              

Add:

              

Income from continuing operations before income taxes and fixed charges

   275,672    520,737    653,347    1,172,083    1,112,848

Fixed charges

   43,478    47,922    41,107    28,539    33,955

Amortization of capitalized interest

   1,765    1,524    1,582    1,741    1,877

Deduct:

              

Interest capitalized

   629    787    1,215    2,035    8,002

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

   5,080    2,286    3,725    3,970    11,315
                        

Earnings, as defined

   315,206    567,110    691,096    1,196,358    1,129,363
                        

COMPUTATION OF FIXED CHARGES:

              

Interest expensed and capitalized

   16,577    17,176    12,166    2,035    8,002

Amortized premiums, discounts and capitalized interest related to indebtedness

   6,456    6,389    3,671    1,763    1,959

Estimate of interest within rental expense

   20,445    24,357    25,270    24,741    23,994
                        

Fixed charges, as defined

   43,478    47,922    41,107    28,539    33,955
                        

Fixed charge ratio

   7.25    11.83    16.81    41.92    33.26