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TechnipFMC plc – ‘S-4’ on 4/3/18 – ‘EX-12.1’

On:  Tuesday, 4/3/18, at 4:08pm ET   ·   Accession #:  1193125-18-106211   ·   File #:  333-224117

Previous ‘S-4’:  ‘S-4/A’ on 10/21/16   ·   Next & Latest:  ‘S-4/A’ on 4/19/18   ·   1 Reference:  By:  SEC – ‘UPLOAD’ on 4/12/18

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  As Of                Filer                Filing    For·On·As Docs:Size              Issuer               Agent

 4/03/18  TechnipFMC plc                    S-4                    8:1.5M                                   Donnelley … Solutions/FA

Registration of Securities Issued in a Business-Combination Transaction   —   Form S-4
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: S-4         Registration of Securities Issued in a              HTML    795K 
                          Business-Combination Transaction                       
 2: EX-5.1      Opinion re: Legality                                HTML     38K 
 3: EX-5.2      Opinion re: Legality                                HTML     19K 
 5: EX-23.1     Consent of Experts or Counsel                       HTML      5K 
 6: EX-23.2     Consent of Experts or Counsel                       HTML      5K 
 7: EX-23.3     Consent of Experts or Counsel                       HTML      5K 
 8: EX-25.1     Statement re: Eligibility of Trustee                HTML     32K 
 4: EX-12.1     Statement re: Computation of Ratios                 HTML     15K 


EX-12.1   —   Statement re: Computation of Ratios


This exhibit is an HTML Document rendered as filed.  [ Alternative Formats ]



  EX-12.1  

Exhibit 12.1

TechnipFMC plc

Computation of Ratio of Earnings to Fixed Charges

(unaudited)

 

     2017     2016     2015  

Fixed Charges:

(in millions of USD)

      

Interest expense

     456.0       114.1       148.9  

Capitalized interest

     1.6       —         —    

Amortized loan costs not recorded as interest expense

     1.9       1.1       1.1  

Estimate of interest expense within rental expense

     123.1       104.5       127.2  
  

 

 

   

 

 

   

 

 

 

Total fixed charges

     582.7       219.7       277.2  
  

 

 

   

 

 

   

 

 

 

Earnings:

      

Income from continuing operations before tax

     679.7       551.4       150.5  

Less income (loss) of noncontrolling interests

     (20.9     22.2       0.4  

Less income from equity investees

     (55.6     (117.7     (51.0

Plus fixed charges

     582.7       219.7       277.2  

Plus amortization of capitalized interest

     0.9       —         —    

Dividends from equity method investees

     17.7       69.6       24.7  

Less interest capitalized

     (1.6     —         —    
  

 

 

   

 

 

   

 

 

 

Total earnings

     1,202.8       745.2       401.8  
  

 

 

   

 

 

   

 

 

 

Ratio of earnings to fixed charges

     2.1       3.4       1.4  
  

 

 

   

 

 

   

 

 

 

1 Subsequent Filing that References this Filing

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 4/12/18  SEC                               UPLOAD5/22/18    1:35K  TechnipFMC plc
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Filing Submission 0001193125-18-106211   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

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