EX-12.1 11 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,
     2004    2005    2006    2007    2008

COMPUTATION OF EARNINGS:

              

Add:

              

Income from continuing operations before income taxes and fixed charges

   $ 520,737    $ 653,347    $ 1,172,083    $ 1,112,848    $ 868,146

Fixed charges

     47,922      41,107      43,097      66,686      66,064

Amortization of capitalized interest

     1,524      1,582      1,741      1,877      2,878

Deduct:

              

Interest capitalized

     787      1,215      2,035      8,002      7,042

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

     2,286      3,725      3,970      11,315      11,903
                                  

Earnings, as defined

   $ 567,110    $ 691,096    $ 1,210,916    $ 1,162,094    $ 918,143
                                  

COMPUTATION OF FIXED CHARGES:

              

Interest expensed and capitalized

   $ 17,176    $ 12,166    $ 16,593    $ 40,733    $ 35,154

Amortized premiums, discounts and capitalized interest related to indebtedness

     6,389      3,671      1,763      1,959      2,991

Estimate of interest within rental expense

     24,357      25,270      24,741      23,994      27,919
                                  

Fixed charges, as defined

   $ 47,922    $ 41,107    $ 43,097    $ 66,686    $ 66,064
                                  

Ratio of Earnings to Fixed Charges

     11.83      16.81      28.10      17.43      13.90