Attached files
file | filename |
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10-Q - 10-Q - CYTEC INDUSTRIES INC/DE/ | cyt-9302015x10q.htm |
EX-32.2 - SECTION 906 CFO CERTIFICATION - CYTEC INDUSTRIES INC/DE/ | cyt-9302015xex322.htm |
EX-32.1 - SECTION 906 CEO CERTIFICATION - CYTEC INDUSTRIES INC/DE/ | cyt-9302015xex321.htm |
EX-31.1 - SECTION 302 CEO CERTIFICATION - CYTEC INDUSTRIES INC/DE/ | cyt-9302015xex311.htm |
EX-31.2 - SECTION 302 CFO CERTIFICATION - CYTEC INDUSTRIES INC/DE/ | cyt-9302015xex312.htm |
Exhibit 12 | |||||||||||||||||
Cytec Industries Inc. | |||||||||||||||||
Computation of Ratio of Earnings to Fixed Charges | |||||||||||||||||
(Dollar amounts in millions) | |||||||||||||||||
Three Months Ended September 30, | Nine Months Ended September 30, | ||||||||||||||||
2015 | 2014 | 2015 | 2014 | ||||||||||||||
Earnings from continuing operations before income taxes, | |||||||||||||||||
equity in earnings of associated companies, minority interest | |||||||||||||||||
and cumulative effect of accounting change | $ | 78.7 | $ | 78.2 | $ | 215.8 | $ | 242.3 | |||||||||
Add: | |||||||||||||||||
Amortization of capitalized interest | 0.4 | 0.1 | 1.3 | 0.9 | |||||||||||||
Fixed charges | 9.1 | 10.0 | 27.1 | 31.2 | |||||||||||||
Less: | |||||||||||||||||
Capitalized interest | (3.9 | ) | (6.1 | ) | (12.3 | ) | (19.4 | ) | |||||||||
Earnings as adjusted | $ | 84.3 | $ | 82.2 | $ | 231.9 | $ | 255.0 | |||||||||
Fixed charges: | |||||||||||||||||
Interest on indebtedness including amortized premiums, | |||||||||||||||||
discounts and deferred financing costs | $ | 8.3 | $ | 9.3 | $ | 24.7 | $ | 29.1 | |||||||||
Portion of rents representative of the interest factor | 0.8 | 0.7 | 2.4 | 2.1 | |||||||||||||
Fixed charges | $ | 9.1 | $ | 10.0 | $ | 27.1 | $ | 31.2 | |||||||||
Ratio of earnings to fixed charges | 9.3 | 8.2 | 8.6 | 8.2 |