Attached files
| file | filename |
|---|---|
| EX-10.112 - EX-10.112 - Koppers Holdings Inc. | kop-ex10112_427.htm |
| EX-10.113 - EX-10.113 - Koppers Holdings Inc. | kop-ex10113_431.htm |
| EX-10.111 - EX-10.111 - Koppers Holdings Inc. | kop-ex10111_428.htm |
| EX-10.110 - EX-10.110 - Koppers Holdings Inc. | kop-ex10110_430.htm |
| EX-10.114 - EX-10.114 - Koppers Holdings Inc. | kop-ex10114_657.htm |
| EX-32.1 - EX-32.1 - Koppers Holdings Inc. | kop-ex321_7.htm |
| EX-31.2 - EX-31.2 - Koppers Holdings Inc. | kop-ex312_9.htm |
| EX-31.1 - EX-31.1 - Koppers Holdings Inc. | kop-ex311_6.htm |
| 10-Q - FORM 10-Q - Koppers Holdings Inc. | kop-10q_20170331.htm |
Exhibit 12.1
KOPPERS HOLDINGS INC.
RATIO OF EARNINGS TO FIXED CHARGES
(Dollars in millions, except ratios)
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2012 |
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2013 |
|
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2014 |
|
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2015 |
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2016 |
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Three Months Ended March 31, 2017 |
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Earnings: |
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Income (loss) from continuing operations before taxes |
|
$ |
100.6 |
|
|
$ |
77.0 |
|
|
$ |
(5.9 |
) |
|
$ |
(80.1 |
) |
|
$ |
38.5 |
|
|
$ |
5.7 |
|
|
Deduct: Equity earnings net of dividends |
|
|
0.8 |
|
|
|
0.8 |
|
|
|
(1.6 |
) |
|
|
(3.1 |
) |
|
|
(1.0 |
) |
|
|
0.0 |
|
|
Deduct: Pre-tax income of noncontrolling interests |
|
|
2.0 |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
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|
|
0.2 |
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Add: Fixed charges |
|
|
41.6 |
|
|
|
39.4 |
|
|
|
51.8 |
|
|
|
64.6 |
|
|
|
66.4 |
|
|
|
14.2 |
|
|
Earnings as defined |
|
$ |
139.4 |
|
|
$ |
115.6 |
|
|
$ |
47.5 |
|
|
$ |
(12.4 |
) |
|
$ |
105.9 |
|
|
$ |
19.7 |
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Fixed charges: |
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Interest expensed |
|
$ |
27.9 |
|
|
$ |
26.8 |
|
|
$ |
39.1 |
|
|
$ |
50.7 |
|
|
$ |
50.8 |
|
|
$ |
10.6 |
|
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Other |
|
0.0 |
|
|
0.4 |
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1.3 |
|
|
0.0 |
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|
0.0 |
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0.0 |
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Rents |
|
|
44.3 |
|
|
|
39.4 |
|
|
|
36.7 |
|
|
|
44.7 |
|
|
|
50.3 |
|
|
|
11.6 |
|
|
Interest factor |
|
|
31 |
% |
|
|
31 |
% |
|
|
31 |
% |
|
|
31 |
% |
|
|
31 |
% |
|
|
31 |
% |
|
Estimated interest component of rent |
|
|
13.7 |
|
|
|
12.2 |
|
|
|
11.4 |
|
|
|
13.9 |
|
|
|
15.6 |
|
|
|
3.6 |
|
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Total fixed charges |
|
$ |
41.6 |
|
|
$ |
39.4 |
|
|
$ |
51.8 |
|
|
$ |
64.6 |
|
|
$ |
66.4 |
|
|
$ |
14.2 |
|
|
Ratio of earnings to fixed charges(1) |
|
|
3.35 |
|
|
|
2.93 |
|
|
|
0.92 |
|
|
|
(0.19 |
) |
|
|
1.59 |
|
|
|
1.39 |
|
|
(1) |
In 2014 and 2015, earnings did not cover fixed charges by $4.3 million and $77.0 million, respectively. |