Attached files
| file | filename |
|---|---|
| 10-Q - FORM 10-Q - Koppers Holdings Inc. | d943116d10q.htm |
| EX-32.1 - EX-32.1 - Koppers Holdings Inc. | d943116dex321.htm |
| EX-31.2 - EX-31.2 - Koppers Holdings Inc. | d943116dex312.htm |
| EX-31.1 - EX-31.1 - Koppers Holdings Inc. | d943116dex311.htm |
| EX-10.103 - EX-10.103 - Koppers Holdings Inc. | d943116dex10103.htm |
| EX-3.1 - EX-3.1 - Koppers Holdings Inc. | d943116dex31.htm |
Exhibit 12.1
KOPPERS HOLDINGS INC.
RATIO OF EARNINGS TO FIXED CHARGES
(Dollars in millions, except ratios)
| 2010 | 2011 | 2012 | 2013 | 2014 | Six months ended June 30, 2015 |
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| Earnings: |
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| Income (loss) from continuing operations before taxes |
$ | 73.8 | $ | 52.5 | $ | 100.6 | $ | 77.0 | $ | (5.9 | ) | $ | 8.5 | |||||||||||
| Deduct: Equity earnings net of dividends |
0.0 | 0.2 | 0.8 | 0.8 | (1.6 | ) | (1.1 | ) | ||||||||||||||||
| Deduct: Pre-tax income of noncontrolling interests |
0.5 | 0.9 | 2.0 | 0.0 | 0.0 | 0.0 | ||||||||||||||||||
| Add: Fixed charges |
40.3 | 40.8 | 41.6 | 39.4 | 51.8 | 32.5 | ||||||||||||||||||
| Earnings as defined |
$ | 113.6 | $ | 92.2 | $ | 139.4 | $ | 115.6 | $ | 47.5 | $ | 42.1 | ||||||||||||
| Fixed charges: |
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| Interest expensed |
$ | 27.1 | $ | 27.2 | $ | 27.9 | $ | 26.8 | $ | 39.1 | $ | 25.9 | ||||||||||||
| Other |
0.0 | 0.0 | 0.0 | 0.4 | 1.3 | 0.0 | ||||||||||||||||||
| Rents |
42.5 | 43.8 | 44.3 | 39.4 | 36.7 | 21.3 | ||||||||||||||||||
| Interest factor |
31 | % | 31 | % | 31 | % | 31 | % | 31 | % | 31 | % | ||||||||||||
| Estimated interest component of rent |
13.2 | 13.6 | 13.7 | 12.2 | 11.4 | 6.6 | ||||||||||||||||||
| Total fixed charges |
$ | 40.3 | $ | 40.8 | $ | 41.6 | $ | 39.4 | $ | 51.8 | $ | 32.5 | ||||||||||||
| Ratio of earnings to fixed charges |
2.82 | 2.26 | 3.35 | 2.93 | 0.92 | 1.30 | ||||||||||||||||||