EXHIBIT 12.1
Parker Drilling Company
Computation of Ratio of Earnings to Fixed Charges
(Dollars in Thousands)

 
Three Months Ended 
 March 31, 2017
 
Fiscal Year Ended December 31,
 
 
2016
 
2015
 
2014
 
2013
 
2012
Pretax Income (Loss)
(37,467
)
 
(156,644
)
 
(71,971
)
 
48,537

 
52,787

 
70,977

Fixed Charges
10,954

 
45,974

 
45,379

 
45,436

 
50,196

 
43,782

Amortization of Capitalized Interest
1,010

 
3,916

 
3,793

 
3,939

 
4,058

 
1,887

Capitalized Interest
(84
)
 
(162
)
 
(224
)
 
(1,171
)
 
(2,376
)
 
(10,240
)
Earnings before Income Tax & Fixed Charges
(25,587
)
 
(106,916
)
 
(23,023
)
 
96,741

 
104,665

 
106,406

Interest Expense
10,870

 
45,812

 
45,155

 
44,265

 
47,820

 
33,542

Capitalized Interest
84

 
162

 
224

 
1,171

 
2,376

 
10,240

Total Fixed Charges
10,954

 
45,974

 
45,379

 
45,436

 
50,196

 
43,782

Ratio of Earnings to Fixed Charges
(1
)
 
(2)

 
(2)

 
2.1x

 
2.1x

 
2.4x


(1) For the quarter ended March 31, 2017, earnings were deficient to cover fixed charges by $25.6 million.

(2) For the year ended December 31, 2016 and 2015, earnings were deficient to cover fixed charges by $106.9 million.
and $23.0 million, respectively.