Attached files
| file | filename |
|---|---|
| EX-32.1 - EX-32.1 - Koppers Holdings Inc. | kop-ex321_11.htm |
| EX-31.2 - EX-31.2 - Koppers Holdings Inc. | kop-ex312_10.htm |
| EX-31.1 - EX-31.1 - Koppers Holdings Inc. | kop-ex311_9.htm |
| 10-Q - 10-Q - Koppers Holdings Inc. | kop-10q_20150930.htm |
Exhibit 12.1
KOPPERS HOLDINGS INC.
RATIO OF EARNINGS TO FIXED CHARGES
(Dollars in millions, except ratios)
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2010 |
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2011 |
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2012 |
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2013 |
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2014 |
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Nine Months Ended September 30, 2015 |
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Earnings: |
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Income (loss) from continuing operations before taxes |
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$ |
73.8 |
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$ |
52.5 |
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$ |
100.6 |
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$ |
77.0 |
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$ |
(5.9 |
) |
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$ |
22.9 |
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Deduct: Equity earnings net of dividends |
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0.0 |
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0.2 |
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0.8 |
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0.8 |
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(1.6 |
) |
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(2.2 |
) |
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Deduct: Pre-tax income of noncontrolling interests |
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0.5 |
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0.9 |
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2.0 |
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0.0 |
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0.0 |
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0.0 |
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Add: Fixed charges |
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40.3 |
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40.8 |
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41.6 |
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39.4 |
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51.8 |
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48.6 |
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Earnings as defined |
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$ |
113.6 |
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$ |
92.2 |
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$ |
139.4 |
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$ |
115.6 |
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$ |
47.5 |
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$ |
73.7 |
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Fixed charges: |
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Interest expensed |
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$ |
27.1 |
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$ |
27.2 |
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$ |
27.9 |
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$ |
26.8 |
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$ |
39.1 |
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$ |
38.5 |
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Other |
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0.0 |
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0.0 |
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0.0 |
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0.4 |
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1.3 |
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0.0 |
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Rents |
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42.5 |
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43.8 |
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44.3 |
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39.4 |
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36.7 |
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$ |
32.7 |
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Interest factor |
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31 |
% |
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31 |
% |
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31 |
% |
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|
31 |
% |
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31 |
% |
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31 |
% |
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Estimated interest component of rent |
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13.2 |
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13.6 |
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13.7 |
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12.2 |
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11.4 |
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$ |
10.1 |
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Total fixed charges |
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$ |
40.3 |
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$ |
40.8 |
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$ |
41.6 |
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$ |
39.4 |
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$ |
51.8 |
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$ |
48.6 |
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Ratio of earnings to fixed charges |
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2.82 |
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2.26 |
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3.35 |
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2.93 |
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0.92 |
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1.52 |
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