Attached files
Exhibit 12
Cytec Industries Inc.
Computation of Ratio of Earnings to Fixed Charges
(Dollar amounts in millions)
Three Months Ended March 31, |
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2011 | 2010 | |||||||
Earnings from continuing operations before income taxes, equity in earnings of associated companies, minority interest and cumulative effect of accounting change |
$ | 54.7 | $ | 44.5 | ||||
Add: |
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Distributed income of associated companies |
0.0 | 0.0 | ||||||
Amortization of capitalized interest |
0.6 | 0.5 | ||||||
Fixed charges |
11.9 | 11.5 | ||||||
Less: |
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Capitalized interest |
(1.3 | ) | (0.6 | ) | ||||
Minority interest |
(0.7 | ) | (1.0 | ) | ||||
Earnings as adjusted |
$ | 65.2 | $ | 54.9 | ||||
Fixed charges: |
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Interest on indebtedness including amortized premiums, discount and deferred financing costs |
$ | 10.9 | $ | 10.5 | ||||
Portion of rents representative of the interest factor |
1.0 | 1.0 | ||||||
Fixed charges |
$ | 11.9 | $ | 11.5 | ||||
Ratio of earnings to fixed charges |
5.5 | 4.8 | ||||||