Triton Energy Ltd – ‘10-K’ for 12/31/00 – EX-12.2

On:  Thursday, 3/15/01, at 4:25pm ET   ·   For:  12/31/00   ·   Accession #:  1009404-1-500010   ·   File #:  1-11675

in

this entire Filing. an “Entity” Search.

Show

Documents searched

and

each “hit”. the 1st “hit”.

↓↑Hints

Annual Report   —   Form 10-K
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-K        Annual Report                                        113±   519K 
 2: EX-10.69    Material Contract                                      2±     8K 
 3: EX-10.70    Material Contract                                     14±    64K 
 4: EX-12.1     Statement re: Computation of Ratios                    2±    11K 
 5: EX-12.2     Statement re: Computation of Ratios                    2±    12K 
 6: EX-21.1     Subsidiaries of the Registrant                         1      7K 
 7: EX-23.1     Consent of Experts or Counsel                          1      8K 
 8: EX-23.2     Consent of Experts or Counsel                          1      9K 
 9: EX-23.3     Consent of Experts or Counsel                          1      8K 

EX-12.2   —   Statement re: Computation of Ratios

                                                                    EXHIBIT 12.2
TRITON ENERGY LIMITED AND SUBSIDIARIES
   COMPUTATION OF RATIO OF EARNINGS TO COMBINED FIXED CHARGES AND PREFERENCE
 DIVIDENDS
 (IN THOUSANDS, EXCEPT RATIOS)
 (UNAUDITED)

                                                         [Enlarge/Download Table]
                                                                                                        


                                                                 YEAR ENDED DECEMBER 31,                 
                                                   ------------------------------------------------------
                                                     2000       1999        1998       1997       1996   
                                                   ---------  ---------  ----------  ---------  ---------
                                                                                                         
Fixed charges, as defined:                                                                               
  Interest charges                                 $ 42,685   $ 38,231   $  50,253   $ 50,625   $ 43,884 
  Preference dividend requirements of                                                                    
    the Company                                      29,278     28,671       3,061        400        985 
  Preferred dividend requirements of                                                                     
    subsidiaries adjusted to pre-tax basis              ---        ---         ---        ---        --- 
                                                   ---------  ---------  ----------  ---------  ---------

      Total fixed charges                          $ 71,963   $ 66,902   $  53,314   $ 51,025   $ 44,869 
                                                   =========  =========  ==========  =========  =========

Earnings, as defined (2):                                                                                
  Earnings (loss) before income taxes,                                                                   
    extraordinary item and cumultive effect of                                                           
    accounting change                              $136,726   $ 76,177   $(238,609)  $ 16,896   $ 20,945 
  Fixed charges, above                               71,963     66,902      53,314     51,025     44,869 
  Less interest capitalized                         (24,077)   (14,539)    (23,215)   (25,818)   (27,102)
  Plus undistributed (earnings) loss of affiliates       35         28         ---        ---       (118)
  Less preference dividend requirements of                                                               
     the Company and its subsidiaries adjusted                                                           
     to pre-tax basis                               (29,278)   (28,671)     (3,061)      (400)      (985)
                                                   ---------  ---------  ----------  ---------  ---------

                                                   $155,369   $ 99,897   $(211,571)  $ 41,703   $ 37,609 
                                                   =========  =========  ==========  =========  =========

RATIO OF EARNINGS TO COMBINED FIXED CHARGES                                                              
  AND PREFERENCE DIVIDENDS (1) (2)                      2.2        1.5         ---        0.8        0.8 
                                                   =========  =========  ==========  =========  =========


____________________                                                            

(1)     Earnings  were inadequate to cover combined fixed charges and preference
dividends  for the years ended December 31, 1998, 1997 and 1996 by $264,885,000,
$9,322,000  and  $7,260,000,  respectively.                                     

(2)     Earnings  reflect  nonrecurring  writedowns  and  loss  provisions  of  
$55,119,000,  $5,159,000,  $348,064,000  and  $46,153,000  for  the  years ended
December  31,  2000,  1999, 1998 and 1996, respectively. Nonrecurring gains from
the  sale  of  assets  and  other  gains  aggregated  $442,000,  $125,617,000,  
$6,253,000 and $22,189,000 for the years ended December 31, 1999, 1998, 1997 and
1996,  respectively.  The  ratio  of  earnings  to  combined  fixed  charges and
preference  dividends  if adjusted to remove nonrecurring items, would have been
2.9,  1.6,  0.2,  0.7 and 1.4 for the years ended December 31, 2000, 1999, 1998,
1997  and  1996,  respectively.  Without nonrecurring items, earnings would have
been inadequate to cover combined fixed charges and preference dividends for the
years  ended  December  31,  1998  and  1997  by  $42,438,000  and  $15,575,000,
respectively.                                                                   

Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘10-K’ Filing		Date		Other Filings
Filed on:		3/15/01
For Period End:		12/31/00		11-K
		12/31/99		10-K,  10-K/A,  11-K
		12/31/98		10-K405,  11-K
		12/31/97		10-K,  10-K/A,  11-K
		12/31/96		10-K,  11-K
				List all Filings