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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