Resolute Forest Products Inc. - FORM 10-K - EX-12.1 - COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES - February 29, 2012

Attached files

file	filename
10-K - FORM 10-K - Resolute Forest Products Inc.	d264660d10k.htm
EX-10.16 - 2011 ABITIBIBOWATER INC. SHORT-TERM INCENTIVE PLAN - Resolute Forest Products Inc.	d264660dex1016.htm
EX-10.14 - 2010 EQUITY INCENTIVE PLAN FORM OF EMPLOYEE NONQUALIFIED STOCK OPTION AGREEMENT - Resolute Forest Products Inc.	d264660dex1014.htm
EX-32.1 - CERTIFICATION OF PRESIDENT AND CHIEF EXECUTIVE OFFICER PURSUANT TO SECTION 906 - Resolute Forest Products Inc.	d264660dex321.htm
EX-31.2 - ERTIFICATION OF SENIOR VICE PRESIDENT AND CHIEF FINANCIAL OFFICER SECTION 302 - Resolute Forest Products Inc.	d264660dex312.htm
EX-21.1 - SUBSIDIARIES OF THE REGISTRANT - Resolute Forest Products Inc.	d264660dex211.htm
EX-24.1 - POWERS OF ATTORNEY FOR CERTAIN DIRECTORS OF THE REGISTRANT - Resolute Forest Products Inc.	d264660dex241.htm
EX-32.2 - CERTIFICATION OF SENIOR VICE PRESIDENT AND CHIEF FINANCIAL OFFICER SECTION 906 - Resolute Forest Products Inc.	d264660dex322.htm
EX-31.1 - CERTIFICATION OF PRESIDENT AND CHIEF EXECUTIVE OFFICER PURSUANT TO SECTION 302 - Resolute Forest Products Inc.	d264660dex311.htm
EX-23.1 - CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM - Resolute Forest Products Inc.	d264660dex231.htm
EX-10.38 - ABIBOW CANADA INC. AND ABITIBIBOWATER INC. SECURITY PROTOCOL - Resolute Forest Products Inc.	d264660dex1038.htm
EX-10.17 - SUMMARY OF 2012 ABITIBIBOWATER INC. SHORT-TERM INCENTIVE PLAN - Resolute Forest Products Inc.	d264660dex1017.htm
EX-10.39 - RETIREMENT COMPENSATION TRUST AGREEMENT - Resolute Forest Products Inc.	d264660dex1039.htm
EX-10.35 - OFFER LETTER BETWEEN PIERRE LABERGE AND ABITIBIBOWATER INC. - Resolute Forest Products Inc.	d264660dex1035.htm
EX-10.36 - DIRECTOR COMPENSATION PROGRAM CHART - Resolute Forest Products Inc.	d264660dex1036.htm
EX-10.13 - 2010 EQUITY INCENTIVE PLAN FORM OF EMPLOYEE RESTRICTED STOCK UNIT AGREEMENT - Resolute Forest Products Inc.	d264660dex1013.htm

EXHIBIT 12.1

ABITIBIBOWATER INC.

Computation of Ratio of Earnings to Fixed Charges

(In millions of dollars)

(Unaudited)


		Years Ended December 31,
		Successor				Predecessor
		2011				2010				2009				2008				2007
Earnings (loss):

Earnings (loss) before income taxes ^(a)		$	55			$	1,169			$	(1,682	)		$	(2,299	)		$	(649	)

Add: Fixed charges from below			100				489				606				727				266
Less: Capitalized interest			(1)				–				(1	)			–				(1	)
		$	154			$	1,658			$	(1,077	)		$	(1,572	)		$	(384	)
Fixed Charges:

Interest expense, net of interest capitalized		$	95			$	469			$	540			$	594			$	248
Capitalized interest			1				–				1				–				1
Estimate of interest within rental expense			4				6				8				10				9
Amortized premium, discounts and deferred financing costs related to indebtedness			–				14				57				123				8
		$	100			$	489			$	606			$	727			$	266
Ratio of Earnings to Fixed Charges			1.5x				3.4x				(b	)			(b	)			(b	)

^(a)	For the year ended December 31, 2008, loss before income taxes included an extraordinary loss on expropriation of assets of $256 million.

^(b)	For the years ended December 31, 2009, 2008 and 2007, earnings were inadequate to cover fixed charges, resulting in a deficiency of $1,683 million, $2,299 million and $650 million, respectively.