Attached files
| file | filename |
|---|---|
| EX-32.1 - EXHIBIT 32.1 - Kraton Corp | a10-k2017kraexhibit321.htm |
| EX-31.2 - EXHIBIT 31.2 - Kraton Corp | a10-k2017kraexhibit312.htm |
| EX-31.1 - EXHIBIT 31.1 - Kraton Corp | a10-k2017kraexhibit311.htm |
| EX-24.1 - EXHIBIT 24.1 - Kraton Corp | a10-k2017kraexhibit241.htm |
| EX-23.1 - EXHIBIT 23.1 - Kraton Corp | a10-k2017kraexhibit231.htm |
| EX-21.1 - EXHIBIT 21.1 - Kraton Corp | a10-k2017kraexhibit211.htm |
| 10-K - FORM 10-K - Kraton Corp | kra1231201710-k.htm |
Exhibit 12.1
KRATON CORPORATION
Ratio of Earnings to Fixed Charges
(In thousands)
December 31, 2017 | December 31, 2016 | December 31, 2015 | December 31, 2014 | December 31, 2013 | |||||||||||||||
Fixed Charges: | |||||||||||||||||||
+ Interest expensed | $ | 121,965 | $ | 136,079 | $ | 26,390 | $ | 25,815 | $ | 27,550 | |||||||||
+ Interest capitalized | 4,042 | 5,825 | 4,185 | 3,198 | 4,180 | ||||||||||||||
+ Amortization of debt issuance costs | 8,420 | 8,741 | 2,233 | 2,223 | 7,389 | ||||||||||||||
+/- Amortization of debt discount (premium) | 6,169 | 7,987 | (174 | ) | (164 | ) | (153 | ) | |||||||||||
+ Estimate of interest within rental expense | 1,847 | 2,026 | 1,190 | 1,231 | 3,747 | ||||||||||||||
Total fixed charges | 142,443 | 160,658 | 33,824 | 32,303 | 42,713 | ||||||||||||||
Earnings: | |||||||||||||||||||
+ Pre-tax income (loss) | 34,762 | 12,686 | (5,586 | ) | 6,328 | (4,862 | ) | ||||||||||||
- Income from equity investees | (486 | ) | (394 | ) | (406 | ) | (407 | ) | (530 | ) | |||||||||
+ Fixed charges | 142,443 | 160,658 | 33,824 | 32,303 | 42,713 | ||||||||||||||
+ Amortization of capitalized interest | 404 | 583 | 419 | 320 | 418 | ||||||||||||||
+ Distributed income of equity investees | 439 | 409 | 363 | 487 | 422 | ||||||||||||||
- Interest capitalized | (4,042 | ) | (5,825 | ) | (4,185 | ) | (3,198 | ) | (4,180 | ) | |||||||||
Total Earnings | 173,520 | 168,117 | 24,429 | 35,833 | 33,981 | ||||||||||||||
Deficiency (Surplus) | $ | (31,077 | ) | $ | (7,459 | ) | $ | 9,395 | $ | (3,530 | ) | $ | 8,732 | ||||||
Ratio of Earnings to Fixed Charges (1) | 1.22 | 1.05 | — | 1.11 | — | ||||||||||||||
________________________________________________
(1) | Our earnings were insufficient to cover our fixed charges by approximately $9.4 million and $8.7 million for the years ended December 31, 2015 and 2013, respectively. |