Exhibit 12.01
Oceaneering International, Inc.
Computation of Ratio of Earnings to Fixed Charges
($ in thousands)
			Three Months ended			Year Ended December 31,
			March 31, 2015			2014			2013			2012			2011			2010
Fixed Charges:
	Interest expensed and capitalized		$	6,643		$	5,420		$	2,194		$	4,218		$	1,096		$	6,321
	Amortized premiums, discounts and capital expenses related to indebtedness		266			395			261			261			—			126
	Estimate of interest within rental expense		19,585			85,632			63,735			35,510			24,451			23,151
	Preference security dividend requirements of consolidated subsidiaries		—			—			—			—			—			—
			$	26,494		$	91,447		$	66,190		$	39,989		$	25,547		$	29,598
Earnings:
	Added Items:
		Pretax income from continuing operations before minority interests and income (loss) from equity investees	$	101,418		$	623,528		$	542,203		$	420,249		$	334,084		$	303,144
		Fixed charges	26,494			91,447			66,190			39,989			25,547			29,598
		Amortization of capitalized interest	51			237			438			637			633			621
		Distributed income of equity investees	1,054			4,772			5,290			8,661			6,063			7,647
		Share of pretax losses of equity investees for which charges arising from guarantees are included in fixed charges	—			—			—			—			—			—
	Total added items		129,017			719,984			614,121			469,536			366,327			341,010
	Subtracted Items:
		Interest capitalized	555			712			—			—			—			311
		Preference security dividend requirements of consolidated subsidiaries	—			—			—			—			—			—
		Minority interest in pretax income of subsidiaries that have not incurred fixed charges	—			—			—			—			—			—
	Total subtracted items		555			712			—			—			—			311
	Earnings as defined		$	128,462		$	719,272		$	614,121		$	469,536		$	366,327		$	340,699
Ratio of earnings to fixed charges			4.85		x	7.87		x	9.28		x	11.74		x	14.34		x	11.51		x