Attached files
Exhibit 12
Cytec Industries Inc.
Computation of Ratio of Earnings to Fixed Charges
(Dollar amounts in millions)
| Three Months Ended Mar 30, |
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| 2010 | 2009 | |||||||
| Earnings from continuing operations before income taxes, equity in earnings of associated companies, minority interest and cumulative effect of accounting change |
$ | 50.2 | $ | 0.9 | ||||
| Add: |
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| Distributed income of associated companies |
0.0 | 0.0 | ||||||
| Amortization of capitalized interest |
0.5 | 0.4 | ||||||
| Fixed charges |
11.9 | 10.0 | ||||||
| Less: |
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| Capitalized interest |
(0.6 | ) | (1.4 | ) | ||||
| Minority interest |
(1.0 | ) | (0.2 | ) | ||||
| Earnings as adjusted |
$ | 61.0 | $ | 9.7 | ||||
| Fixed charges: |
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| Interest on indebtedness including amortized premiums, discount and deferred financing costs |
$ | 10.5 | $ | 8.7 | ||||
| Portion of rents representative of the interest factor |
1.4 | 1.3 | ||||||
| Fixed charges |
$ | 11.9 | $ | 10.0 | ||||
| Ratio of earnings to fixed charges |
5.1 | 1.0 | ||||||