Attached files
| file | filename |
|---|---|
| EX-31.2 - EXHIBIT 31.2 - ALLEGHENY TECHNOLOGIES INC | fy2016q3exhibit312.htm |
| 10-Q - 10-Q - ALLEGHENY TECHNOLOGIES INC | ati201610-qq3.htm |
| EX-32.1 - EXHIBIT 32.1 - ALLEGHENY TECHNOLOGIES INC | fy2016q3exhibit321.htm |
| EX-31.1 - EXHIBIT 31.1 - ALLEGHENY TECHNOLOGIES INC | fy2016q3exhibit311.htm |
Exhibit 12.1
Allegheny Technologies Incorporated
Computation of Ratio of Earnings to Fixed Charges
(Dollars in millions)
(Unaudited)
Nine Months Ended | ||||
September 30, 2016 | ||||
Loss before income tax benefit and cumulative effect of change in accounting principle | $ | (705.2 | ) | |
Distributed earnings net of income recognized on less than fifty percent owned persons | 2.5 | |||
Noncontrolling interest in the income of subsidiary with fixed charges | (10.0 | ) | ||
$ | (712.7 | ) | ||
Fixed Charges: | ||||
Interest expense | $ | 89.9 | ||
Portion of rents deemed to be interest | 5.7 | |||
Capitalized interest | 3.1 | |||
Amortization of debt expense | 2.6 | |||
Fixed charges excluding capitalized interest | 101.3 | |||
Earnings adjustments: | ||||
Capitalized interest | (3.1 | ) | ||
Earnings, as adjusted | $ | (614.5 | ) | |
Ratio of earnings to fixed charges | — | (1) | ||
(1) For the nine months ended September 30, 2016, fixed charges exceeded earnings by $715.8 million.