EX-12.1 3 dex121.htm RATIOS OF EARNINGS TO FIXED CHARGES FOR 2008, 2007, 2006, 2005 AND 2004 Ratios of Earnings to Fixed Charges for 2008, 2007, 2006, 2005 and 2004

Exhibit 12.1

BJ SERVICES COMPANY

RATIOS OF EARNINGS TO FIXED CHARGES

(Dollars in thousands)

 

     Year Ended September 30,
     2008    2007    2006    2005    2004

COMPUTATION OF EARNINGS:

               

Add:

               

Income from continuing operations before income
taxes and fixed charges

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

Fixed charges

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

Amortization of capitalized interest

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

Deduct:

               

Interest capitalized

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

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

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

Earnings, as defined

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

COMPUTATION OF FIXED CHARGES:

               

Interest expensed and capitalized

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

Amortized premiums, discounts and capitalized
interest related to indebtedness

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

Estimate of interest within rental expense

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

Fixed charges, as defined

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

Ratio of Earnings to Fixed Charges

      13.90      17.43      28.10      16.81      11.83