Attached files
| file | filename |
|---|---|
| 10-K - FORM 10-K - Innophos, Inc. | d10k.htm |
| EX-32.1 - SECTION 906 CEO CERTIFICATION - Innophos, Inc. | dex321.htm |
| EX-31.2 - SECTION 302 CFO CERTIFICATION - Innophos, Inc. | dex312.htm |
| EX-32.2 - SECTION 906 CFO CERTIFICATION - Innophos, Inc. | dex322.htm |
| EX-31.1 - SECTION 302 CEO CERTIFICATION - Innophos, Inc. | dex311.htm |
Exhibit 12.1
Calculation of Ratio of Earnings to Fixed Charges
| December 31, | ||||||||||||||||||||
| (dollars in thousands) | 2009 | 2008 | 2007 | 2006 | 2005 | |||||||||||||||
| Earnings |
||||||||||||||||||||
| Income (loss) before provision for income taxes |
$ | 106,924 | $ | 269,243 | $ | 17,400 | $ | (3,497 | ) | $ | 8,494 | |||||||||
| Plus: fixed charges (1) |
22,986 | 30,669 | 33,158 | 38,831 | 36,292 | |||||||||||||||
| $ | 129,910 | $ | 299,912 | $ | 50,558 | $ | 35,334 | $ | 44,786 | |||||||||||
| Fixed Charges: |
||||||||||||||||||||
| Gross interest expense |
21,273 | 28,931 | 31,679 | 37,319 | 34,517 | |||||||||||||||
| Estimate of the interest within operating leases |
1,713 | 1,738 | 1,479 | 1,512 | 1,775 | |||||||||||||||
| $ | 22,986 | $ | 30,669 | $ | 33,158 | $ | 38,831 | $ | 36,292 | |||||||||||
| Ratio of earnings to fixed charges |
5.7 | x | 9.8 | x | 1.5 | x | * | 1.2 | x | |||||||||||
| (1) | For purposes of calculating the ratio of earnings to fixed charges, earnings represent income before income taxes plus fixed charges. Fixed charges consist of interest expense and one-third of operating rental expenses which management believes is representative of the interest component of rent expense. |
| * | Due to the loss for 2006 the coverage ratio was less than 1:1. Innophos must generate additional earnings of $3,497 for 2006 to achieve a ratio of 1:1 for 2006. |
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