Attached files
| file | filename |
|---|---|
| 10-K - FORM 10-K - GLOBAL BRASS & COPPER HOLDINGS, INC. | d849722d10k.htm |
| EX-23.1 - EX-23.1 - GLOBAL BRASS & COPPER HOLDINGS, INC. | d849722dex231.htm |
| EX-10.7 - EX-10.7 - GLOBAL BRASS & COPPER HOLDINGS, INC. | d849722dex107.htm |
| EX-10.9 - EX-10.9 - GLOBAL BRASS & COPPER HOLDINGS, INC. | d849722dex109.htm |
| EX-21.1 - EX-21.1 - GLOBAL BRASS & COPPER HOLDINGS, INC. | d849722dex211.htm |
| EX-10.8 - EX-10.8 - GLOBAL BRASS & COPPER HOLDINGS, INC. | d849722dex108.htm |
| EX-31.1 - EX-31.1 - GLOBAL BRASS & COPPER HOLDINGS, INC. | d849722dex311.htm |
| EXCEL - IDEA: XBRL DOCUMENT - GLOBAL BRASS & COPPER HOLDINGS, INC. | Financial_Report.xls |
| EX-31.2 - EX-31.2 - GLOBAL BRASS & COPPER HOLDINGS, INC. | d849722dex312.htm |
| EX-32.1 - EX-32.1 - GLOBAL BRASS & COPPER HOLDINGS, INC. | d849722dex321.htm |
Exhibit 12.1
Global Brass and Copper Holdings, Inc.
Computation of Ratio of Earnings to Fixed Charges
| Year Ended December 31, | ||||||||||||||||||||
| 2014 | 2013 | 2012 | 2011 | 2010 | ||||||||||||||||
| (in millions) | ||||||||||||||||||||
| Earnings |
||||||||||||||||||||
| Income before provision for income taxes and equity income |
$ | 47.6 | $ | 31.4 | $ | 31.1 | $ | 85.8 | $ | 67.2 | ||||||||||
| Add: |
||||||||||||||||||||
| Fixed charges |
40.9 | 41.0 | 40.9 | 41.8 | 26.3 | |||||||||||||||
| Amortization of capitalized interest |
— | — | — | — | — | |||||||||||||||
| Distributions from equity investment |
0.4 | 0.5 | 1.0 | 0.5 | 0.6 | |||||||||||||||
| Share of pre-tax losses of equity investees for which charges arising from guarantees are included in fixed charges |
— | — | — | — | — | |||||||||||||||
| Less: |
||||||||||||||||||||
| Capitalized interest |
0.2 | 0.1 | — | 0.6 | — | |||||||||||||||
| Preference security dividend requirements of consolidated subsidiaries |
— | — | — | — | — | |||||||||||||||
| Noncontrolling interest in pre-tax income of subsidiaries that have not incurred fixed charges |
0.6 | 0.4 | 0.5 | 0.2 | 0.6 | |||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|||||||||||
| Total Earnings |
$ | 88.1 | $ | 72.4 | $ | 72.5 | $ | 127.3 | $ | 93.5 | ||||||||||
| Fixed Charges |
||||||||||||||||||||
| Interest expense |
$ | 39.6 | $ | 39.8 | $ | 39.7 | $ | 40.0 | $ | 25.1 | ||||||||||
| Capitalized interest |
0.2 | 0.1 | — | 0.6 | — | |||||||||||||||
| Estimated interest in rent expense (a) |
1.1 | 1.1 | 1.2 | 1.2 | 1.2 | |||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|||||||||||
| Total Fixed Charges |
$ | 40.9 | $ | 41.0 | $ | 40.9 | $ | 41.8 | $ | 26.3 | ||||||||||
|
|
|
|
|
|
|
|
|
|
|
|||||||||||
| Ratio of Earnings to Fixed Charges |
2.2 | 1.8 | 1.8 | 3.0 | 3.6 | |||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|||||||||||
| (a) | Interest portion of rental expense is estimated to equal 33% of such expense, which is considered a reasonable approximation of the interest factor. |