Attached files
| file | filename |
|---|---|
| EX-24 - EX-24 - Koppers Holdings Inc. | d836465dex24.htm |
| EX-21 - EX-21 - Koppers Holdings Inc. | d836465dex21.htm |
| EX-31.2 - EX-31.2 - Koppers Holdings Inc. | d836465dex312.htm |
| EX-23.1 - EX-23.1 - Koppers Holdings Inc. | d836465dex231.htm |
| EX-32.1 - EX-32.1 - Koppers Holdings Inc. | d836465dex321.htm |
| EX-31.1 - EX-31.1 - Koppers Holdings Inc. | d836465dex311.htm |
| EX-10.99 - EX-10.99 - Koppers Holdings Inc. | d836465dex1099.htm |
| EX-10.96 - EX-10.96 - Koppers Holdings Inc. | d836465dex1096.htm |
| EX-10.98 - EX-10.98 - Koppers Holdings Inc. | d836465dex1098.htm |
| EX-10.97 - EX-10.97 - Koppers Holdings Inc. | d836465dex1097.htm |
| EX-10.102 - EX-10.102 - Koppers Holdings Inc. | d836465dex10102.htm |
| EX-10.101 - EX-10.101 - Koppers Holdings Inc. | d836465dex10101.htm |
| EX-10.100 - EX-10.100 - Koppers Holdings Inc. | d836465dex10100.htm |
| EXCEL - IDEA: XBRL DOCUMENT - Koppers Holdings Inc. | Financial_Report.xls |
| 10-K - FORM 10-K - Koppers Holdings Inc. | d836465d10k.htm |
Exhibit 12.1
KOPPERS HOLDINGS INC.
RATIO OF EARNINGS TO FIXED CHARGES
(Dollars in millions, except ratios)
| 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | |||||||||||||||||||
| Earnings: |
||||||||||||||||||||||||
| Income (loss) from continuing operations before taxes |
$ | 35.5 | $ | 73.8 | $ | 52.5 | $ | 100.6 | $ | 77.0 | $ | (5.9 | ) | |||||||||||
| Deduct: Equity earnings net of dividends |
(0.8 | ) | 0.0 | 0.2 | 0.8 | 0.8 | (1.6 | ) | ||||||||||||||||
| Deduct: Pre-tax income of noncontrolling interests |
3.4 | 0.5 | 0.9 | 2.0 | 0.0 | 0.0 | ||||||||||||||||||
| Add: Fixed charges |
72.1 | 40.3 | 40.8 | 41.6 | 39.4 | 51.8 | ||||||||||||||||||
| Earnings as defined |
$ | 104.5 | $ | 113.6 | $ | 92.2 | $ | 139.4 | $ | 115.6 | $ | 47.5 | ||||||||||||
| Fixed charges: |
||||||||||||||||||||||||
| Interest expensed |
$ | 58.7 | $ | 27.1 | $ | 27.2 | $ | 27.9 | $ | 26.8 | $ | 39.1 | ||||||||||||
| Other |
0.5 | 0.0 | 0.0 | 0.0 | 0.4 | 1.3 | ||||||||||||||||||
| Rents |
41.5 | 42.5 | 43.8 | 44.3 | 39.4 | 36.7 | ||||||||||||||||||
| Interest factor |
31 | % | 31 | % | 31 | % | 31 | % | 31 | % | 31 | % | ||||||||||||
| Estimated interest component of rent |
12.9 | 13.2 | 13.6 | 13.7 | 12.2 | 11.4 | ||||||||||||||||||
| Total fixed charges |
$ | 72.1 | $ | 40.3 | $ | 40.8 | $ | 41.6 | $ | 39.4 | $ | 51.8 | ||||||||||||
| Ratio of earnings to fixed charges(1) |
1.45 | 2.82 | 2.26 | 3.35 | 2.93 | 0.92 | ||||||||||||||||||
| (1) | In 2014, earnings did not cover fixed charges by $4.3 million. |