Attached files
| file | filename |
|---|---|
| EX-10.17 - EXHIBIT 10.17 - Kraton Corp | a10-k2015kraexhibit1017.htm |
| EX-10.18 - EXHIBIT 10.18 - Kraton Corp | a10-k2015kraexhibit1018.htm |
| EX-10.28 - EXHIBIT 10.28 - Kraton Corp | a10-k2015kraexhibit1028.htm |
| 10-K - FORM 10-K - Kraton Corp | kra1231201510-k.htm |
| EX-24.1 - EXHIBIT 24.1 - Kraton Corp | a10-k2015kraexhibit241.htm |
| EX-31.1 - EXHIBIT 31.1 - Kraton Corp | a10-k2015kraexhibit311.htm |
| EX-32.1 - EXHIBIT 32.1 - Kraton Corp | a10-k2015kraexhibit321.htm |
| EX-23.1 - EXHIBIT 23.1 - Kraton Corp | a10-k2015kraexhibit231.htm |
| EX-31.2 - EXHIBIT 31.2 - Kraton Corp | a10-k2015kraexhibit312.htm |
| EX-21.1 - EXHIBIT 21.1 - Kraton Corp | a10-k2015kraexhibit211.htm |
| EX-10.26 - EXHIBIT 10.26 - Kraton Corp | a10-k2015kraexhibit1026.htm |
| EX-10.30 - EXHIBIT 10.30 - Kraton Corp | a10-k2015kraexhibit1030.htm |
| EX-10.27 - EXHIBIT 10.27 - Kraton Corp | a10-k2015kraexhibit1027.htm |
| EX-10.29 - EXHIBIT 10.29 - Kraton Corp | a10-k2015kraexhibit1029.htm |
| EX-10.19 - EXHIBIT 10.19 - Kraton Corp | a10-k2015kraexhibit1019.htm |
Exhibit 12.1
KRATON PERFORMANCE POLYMERS, INC.
Ratio of Earnings to Fixed Charges
(In thousands)
December 31, 2015 | December 31, 2014 | December 31, 2013 | December 31, 2012 | December 31, 2010 | ||||||||||
Fixed Charges: | ||||||||||||||
+ Interest expensed | 26,390 | 25,815 | 27,550 | 24,127 | 23,422 | |||||||||
+ Interest capitalized | 4,185 | 3,198 | 4,180 | 2,648 | 2,259 | |||||||||
+ Amortization of debt issuance costs | 2,233 | 2,223 | 7,389 | 2,986 | 6,722 | |||||||||
+ Amortization of debt premium | (174 | ) | (164 | ) | (153 | ) | (108 | ) | — | |||||
+ Estimate of interest within rental expense | 1,190 | 1,231 | 3,747 | 4,259 | 2,846 | |||||||||
Total fixed charges | 33,824 | 32,303 | 42,713 | 33,912 | 35,249 | |||||||||
Earnings: | ||||||||||||||
+ Pre-tax income (loss) | (5,586 | ) | 6,328 | (4,862 | ) | 3,115 | 91,509 | |||||||
- Income from equity investees | (406 | ) | (407 | ) | (530 | ) | (530 | ) | (529 | ) | ||||
+ Fixed charges | 33,824 | 32,303 | 42,713 | 33,912 | 35,249 | |||||||||
+ Amortization of capitalized interest | 419 | 320 | 418 | 265 | 226 | |||||||||
+ Distributed income of equity investees | 363 | 487 | 422 | 400 | 515 | |||||||||
- Interest capitalized | (4,185 | ) | (3,198 | ) | (4,180 | ) | (2,648 | ) | (2,259 | ) | ||||
Total Earnings | 24,429 | 35,833 | 33,981 | 34,514 | 124,711 | |||||||||
Deficiency (Surplus) | 9,395 | (3,530 | ) | 8,732 | (602 | ) | (89,462 | ) | ||||||
Ratio | 0.72 | 1.11 | 0.80 | 1.02 | 3.54 | |||||||||
Ratio of Earnings to Fixed Charges | 0.72:1.00 | 1.11:1.00 | 0.80:1.00 | 1.02:1.00 | 3.54:1.00 | |||||||||
Our earnings were insufficient to cover our fixed charges by approximately $9.4 million and $8.7 million for the years ended December 31, 2015 and 2013, respectively.