Attached files
| file | filename |
|---|---|
| 8-K - FORM 8-K - WESTLAKE CHEMICAL CORP | d381139d8k.htm |
| EX-5.1 - OPINION OF BAKER BOTTS L.L.P. - WESTLAKE CHEMICAL CORP | d381139dex51.htm |
| EX-4.2 - FORM OF SIXTH SUPPLEMENTAL INDENTURE - WESTLAKE CHEMICAL CORP | d381139dex42.htm |
| EX-1.1 - UNDERWRITING AGREEMENT - WESTLAKE CHEMICAL CORP | d381139dex11.htm |
| EX-8.1 - OPINION OF BAKER BOTTS L.L.P. REGARDING TAX MATTERS - WESTLAKE CHEMICAL CORP | d381139dex81.htm |
Exhibit 12.1
WESTLAKE CHEMICAL CORPORATION
STATEMENT SETTING FORTH DETAIL FOR COMPUTATION OF
RATIO OF EARNINGS TO FIXED CHARGES
(thousands of dollars)
| For the years ended December 31, | For the three months ended March 31, |
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| 2011 | 2010 | 2009 | 2008 | 2007 | 2012 | |||||||||||||||||||
| Earnings |
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| Income (Loss) before Income Taxes |
$ | 401,432 | $ | 342,960 | $ | 78,753 | $ | (58,022 | ) | $ | 158,957 | $ | 134,795 | |||||||||||
| Fixed Charges |
65,513 | 54,886 | 50,836 | 52,031 | 34,507 | 16,153 | ||||||||||||||||||
| Amortization of Capitalized Interest |
— | — | — | — | — | — | ||||||||||||||||||
| Equity Investee Distributions |
2,463 | — | — | — | — | 1,041 | ||||||||||||||||||
| Capitalized Interest |
(693 | ) | (22 | ) | (123 | ) | (3,198 | ) | (2,181 | ) | (736 | ) | ||||||||||||
| Equity Investment (Income) Loss |
(2,890 | ) | (2,212 | ) | (3,818 | ) | (621 | ) | (2,796 | ) | (339 | ) | ||||||||||||
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| Total Earnings Available for Fixed Charges |
$ | 465,825 | $ | 395,612 | $ | 125,648 | $ | (9,810 | ) | $ | 188,487 | $ | 150,914 | |||||||||||
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| Fixed charges |
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| Interest Expense |
$ | 50,922 | $ | 39,875 | $ | 34,957 | $ | 33,957 | $ | 18,422 | $ | 12,177 | ||||||||||||
| Capitalized Interest |
693 | 22 | 123 | 3,198 | 2,181 | $ | 736 | |||||||||||||||||
| Amortization of Debt Issue Costs |
1,683 | 2,154 | 1,461 | 954 | 760 | 400 | ||||||||||||||||||
| Portion of Rentals |
12,215 | 12,835 | 14,295 | 13,922 | 13,144 | 2,840 | ||||||||||||||||||
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| Total Fixed Charges |
$ | 65,513 | $ | 54,886 | $ | 50,836 | $ | 52,031 | $ | 34,507 | $ | 16,153 | ||||||||||||
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| Ratio of Earnings to Fixed Charges |
7.1 | 7.2 | 2.5 | — | 5.5 | 9.3 | ||||||||||||||||||
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