LYONDELL CHEMICAL CO - FORM S-1 - EX-12.1 - June 24, 2011

Attached files

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S-1 - FORM S-1 - LYONDELL CHEMICAL COh83119sv1.htm
EX-4.3 - EX-4.3 - LYONDELL CHEMICAL COh83119exv4w3.htm
EX-5.1 - EX-5.1 - LYONDELL CHEMICAL COh83119exv5w1.htm
EX-5.2 - EX-5.2 - LYONDELL CHEMICAL COh83119exv5w2.htm
EX-25.1 - EX-25.1 - LYONDELL CHEMICAL COh83119exv25w1.htm
EX-23.5 - EX-23.5 - LYONDELL CHEMICAL COh83119exv23w5.htm
EX-23.4 - EX-23.4 - LYONDELL CHEMICAL COh83119exv23w4.htm
EX-23.3 - EX-23.3 - LYONDELL CHEMICAL COh83119exv23w3.htm
Exhibit 12.1
LYONDELLBASELL INDUSTRIES N.V.
STATEMENT SETTING FORTH DETAIL FOR COMPUTATION OF
RATIO OF EARNINGS TO FIXED CHARGES
                                                           
    Successor       Predecessor  
    For the                       For the        
    Quarter                       Quarter        
    Ended                       Ended     For the Year Ended  
            May 1       January 1                          
            through       through                          
    March 31,     December 31       April 30,     March 31,     December 31,     December 31,     December 31,  
Millions of dollars, except ratio data   2011     2010       2010     2010     2009     2008     2007  
Income (loss) from continuing operations before income taxes
   $ 923     $ 1,686       $ 7,383     $ 20     $ (4,283 )   $ (8,191 )   $ 940  
Deduct income (loss) from equity investments
     58       86         84       55       (181 )     38       162  
Add distributions of earnings from equity investments
     96       34         18       13       26       98       148  
 
                                            
Earnings adjusted for equity investments
     961       1,634         7,317       (22 )     (4,076 )     (8,131 )     926  
 
                                            
Fixed charges:
                                                          
Interest expense, gross
     163       545         713       411       1,795       2,476       353  
Portion of rentals representative of interest
     23       56         35       26       104       183       24  
 
                                            
Total fixed charges before capitalized interest
     186       601         748       437       1,899       2,659       377  
Capitalized interest
     1       2         4       5       35       13       3  
 
                                            
Total fixed charges including capitalized interest
     187       603         752       442       1,934       2,672       380  
 
                                            
Earnings before fixed charges
   $ 1,148     $ 2,237       $ 8,069     $ 420     $ (2,142 )   $ (5,459 )   $ 1,306  
 
                                            
Ratio of earnings to fixed charges (a)
     6.14       3.71         10.73       0.95       —       —       3.44  
 
                                            
 
(a)   For the years 2009 and 2008, earnings were insufficient to cover fixed charges by $4,076 million and $8,131 million, respectively.