Attached files
| file | filename |
|---|---|
| 10-K - 10-K - ROCKWOOD SPECIALTIES GROUP INC | a11-2190_110k.htm |
| EX-31.2 - EX-31.2 - ROCKWOOD SPECIALTIES GROUP INC | a11-2190_1ex31d2.htm |
| EX-31.1 - EX-31.1 - ROCKWOOD SPECIALTIES GROUP INC | a11-2190_1ex31d1.htm |
| EX-32.1 - EX-32.1 - ROCKWOOD SPECIALTIES GROUP INC | a11-2190_1ex32d1.htm |
| EX-32.2 - EX-32.2 - ROCKWOOD SPECIALTIES GROUP INC | a11-2190_1ex32d2.htm |
Exhibit 12
ROCKWOOD SPECIALTIES GROUP, INC.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
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Year Ended December 31, |
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($ in millions, except ratios) |
|
2010 |
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2009 |
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2008 |
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2007 |
|
2006 |
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Determination of earnings (losses): |
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|
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Income (loss) from continuing operations before taxes |
|
$ |
204.5 |
|
$ |
10.2 |
|
$ |
(670.0 |
) |
$ |
131.6 |
|
$ |
101.2 |
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|
Add: |
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|
|
|
|
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|
|
|
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Interest expense (a) |
|
151.8 |
|
180.2 |
|
231.1 |
|
219.3 |
|
199.9 |
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|
Rent expense (b) |
|
9.5 |
|
9.3 |
|
9.4 |
|
8.1 |
|
8.3 |
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Total earnings (losses) as defined |
|
$ |
365.8 |
|
$ |
199.7 |
|
$ |
(429.5 |
) |
$ |
359.0 |
|
$ |
309.4 |
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|
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|
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Fixed charges: |
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|
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|
|
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Interest expense (a) |
|
$ |
151.8 |
|
$ |
180.2 |
|
$ |
231.1 |
|
$ |
219.3 |
|
$ |
199.9 |
|
|
Rent expense (b) |
|
9.5 |
|
9.3 |
|
9.4 |
|
8.1 |
|
8.3 |
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Capitalized interest |
|
— |
|
— |
|
— |
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— |
|
0.3 |
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Total fixed charges |
|
$ |
161.3 |
|
$ |
189.5 |
|
$ |
240.5 |
|
$ |
227.4 |
|
$ |
208.5 |
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|
|
|
|
|
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|
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Ratio of earnings to fixed charges |
|
2.3 |
|
1.1 |
|
— |
(c) |
1.6 |
|
1.5 |
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(a) Interest expense includes amortization of debt expenses.
(b) Rent expense included in the computation consist of one-third of rental expense, which we believe to be a conservative estimate of an interest factor of our leases, which are not material.
(c) Earnings were insufficient to cover fixed charges by $670.0 million for the year ended December 31, 2008. Earnings for the year ended December 31, 2008 included a non-cash pre-tax goodwill impairment charge of $717.5 million.