Attached files
| file | filename |
|---|---|
| EX-11.1 - EX-11.1 - Ingredion Inc | a10-4312_1ex11d1.htm |
| EX-10.23 - EX-10.23 - Ingredion Inc | a10-4312_1ex10d23.htm |
| EX-23.1 - EX-23.1 - Ingredion Inc | a10-4312_1ex23d1.htm |
| EX-32.2 - EX-32.2 - Ingredion Inc | a10-4312_1ex32d2.htm |
| EX-32.1 - EX-32.1 - Ingredion Inc | a10-4312_1ex32d1.htm |
| EX-31.2 - EX-31.2 - Ingredion Inc | a10-4312_1ex31d2.htm |
| EX-21.1 - EX-21.1 - Ingredion Inc | a10-4312_1ex21d1.htm |
| EX-24.1 - EX-24.1 - Ingredion Inc | a10-4312_1ex24d1.htm |
| 10-K - 10-K - Ingredion Inc | a10-4312_110k.htm |
| EX-31.1 - EX-31.1 - Ingredion Inc | a10-4312_1ex31d1.htm |
EXHIBIT 12.1
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
CORN PRODUCTS INTERNATIONAL, INC.
Computation of Ratios of Earnings to Fixed Charges
|
(in millions, except ratios) |
|
2009 |
|
2008 |
|
2007 |
|
2006 |
|
2005 |
|
|||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||
|
Income before income taxes and earnings of non-controlling interests |
|
$ |
115.2 |
|
$ |
404.8 |
|
$ |
305.4 |
|
$ |
197.1 |
|
$ |
148.4 |
|
|
Fixed charges |
|
41.2 |
|
52.5 |
|
55.2 |
|
46.4 |
|
43.1 |
|
|||||
|
Capitalized interest |
|
(6.6 |
) |
(8.0 |
) |
(4.1 |
) |
(10.2 |
) |
(4.8 |
) |
|||||
|
Total |
|
$ |
149.8 |
|
$ |
449.3 |
|
$ |
356.5 |
|
$ |
233.3 |
|
$ |
186.7 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||
|
RATIO OF EARNINGS TO FIXED CHARGES |
|
3.64 |
|
8.56 |
|
6.46 |
|
5.03 |
|
4.33 |
|
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|
|
|
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|
|
|
|
|
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|
|
|
|||||
|
FIXED CHARGES: |
|
|
|
|
|
|
|
|
|
|
|
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|
Interest expense on debt |
|
$ |
38.8 |
|
$ |
50.2 |
|
$ |
52.5 |
|
$ |
43.8 |
|
$ |
40.7 |
|
|
Amortization of discount on debt |
|
1.3 |
|
.8 |
|
1.1 |
|
1.0 |
|
1.0 |
|
|||||
|
Interest portion of rental expense on operating leases |
|
1.1 |
|
1.5 |
|
1.6 |
|
1.6 |
|
1.4 |
|
|||||
|
Total |
|
$ |
41.2 |
|
$ |
52.5 |
|
$ |
55.2 |
|
$ |
46.4 |
|
$ |
43.1 |
|