Attached files
| file | filename |
|---|---|
| 10-Q - FORM 10-Q - Domtar CORP | ufs-10q_20160630.htm |
| EX-32.2 - EX-32.2 - Domtar CORP | ufs-ex322_7.htm |
| EX-32.1 - EX-32.1 - Domtar CORP | ufs-ex321_10.htm |
| EX-31.2 - EX-31.2 - Domtar CORP | ufs-ex312_8.htm |
| EX-31.1 - EX-31.1 - Domtar CORP | ufs-ex311_9.htm |
Exhibit 12.1
Domtar Corporation
Computation of ratio of earnings to fixed charges
(In millions of dollars, unless otherwise noted)
|
|
|
Three months ended |
|
|
Six months ended |
|
||||||||||
|
|
|
June 30, |
|
|
June 30, |
|
|
June 30, |
|
|
June 30, |
|
||||
|
|
|
2016 |
|
|
2015 |
|
|
2016 |
|
|
2015 |
|
||||
|
|
|
$ |
|
|
$ |
|
|
$ |
|
|
$ |
|
||||
|
Available earnings: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Earnings before income taxes |
|
|
24 |
|
|
|
37 |
|
|
|
25 |
|
|
|
82 |
|
|
Add fixed charges: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest expense incurred |
|
|
15 |
|
|
|
24 |
|
|
|
31 |
|
|
|
49 |
|
|
Amortization of debt expense and discount |
|
|
— |
|
|
|
1 |
|
|
|
1 |
|
|
|
2 |
|
|
Interest portion of rental expense (1) |
|
|
2 |
|
|
|
2 |
|
|
|
4 |
|
|
|
4 |
|
|
Total earnings as defined |
|
|
41 |
|
|
|
64 |
|
|
|
61 |
|
|
|
137 |
|
|
Fixed charges: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest expense incurred |
|
|
15 |
|
|
|
24 |
|
|
|
31 |
|
|
|
49 |
|
|
Amortization of debt expense and discount |
|
|
— |
|
|
|
1 |
|
|
|
1 |
|
|
|
2 |
|
|
Interest portion of rental expense (1) |
|
|
2 |
|
|
|
2 |
|
|
|
4 |
|
|
|
4 |
|
|
Total fixed charges |
|
|
17 |
|
|
|
27 |
|
|
|
36 |
|
|
|
55 |
|
|
Ratio of earnings to fixed charges |
|
|
2.4 |
|
|
|
2.4 |
|
|
|
1.7 |
|
|
|
2.5 |
|
|
(1) |
Interest portion of rental expense is calculated based on the proportion deemed representation of the interest component (i.e 1/3 of rental expense). |