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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 |
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 |
Exhibit 12.1
TechnipFMC plc
Computation of Ratio of Earnings to Fixed Charges
(unaudited)
2017 | 2016 | 2015 | ||||||||||
Fixed Charges: (in millions of USD) |
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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 | |||||||||
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Total fixed charges |
582.7 | 219.7 | 277.2 | |||||||||
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Earnings: |
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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 | ) | — | — | ||||||||
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Total earnings |
1,202.8 | 745.2 | 401.8 | |||||||||
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Ratio of earnings to fixed charges |
2.1 | 3.4 | 1.4 | |||||||||
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As Of Filer Filing For·On·As Docs:Size Issuer Filing Agent 4/12/18 SEC UPLOAD¶ 5/22/18 1:35K TechnipFMC plc |