Attached files
| file | filename |
|---|---|
| EX-31.1 - EXHIBIT 31.1 - TimkenSteel Corp | tmstexhibit3114q2015.htm |
| EX-10.21 - EXHIBIT 10.21 - TimkenSteel Corp | tmstexhibit102114q2015.htm |
| EX-23.1 - EXHIBIT 23.1 - TimkenSteel Corp | tmstexhibit2314q2015.htm |
| EX-24.1 - EXHIBIT 24.1 - TimkenSteel Corp | tmstexhibit2414q2015.htm |
| EX-21.1 - EXHIBIT 21.1 - TimkenSteel Corp | tmstexhibit2114q2015.htm |
| EX-31.2 - EXHIBIT 31.2 - TimkenSteel Corp | tmstexhibit3124q2015.htm |
| EX-10.23 - EXHIBIT 10.23 - TimkenSteel Corp | tmstexhibit10234q2015.htm |
| EX-32.1 - EXHIBIT 32.1 - TimkenSteel Corp | tmstexhibit3214q2015.htm |
| 10-K - 10-K - TimkenSteel Corp | tmst12311510-k.htm |
Exhibit 12.1
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Dollars in millions, except ratio amounts)
Year Ended December 31, | |||||||||||||||||||||||
2015 | 2014 | 2013 | 2012 | 2011 | 2010 | ||||||||||||||||||
Income (loss) before income taxes | $ | (115.0 | ) | $ | 158.2 | $ | 127.6 | $ | 234.3 | $ | 252.3 | $ | 123.6 | ||||||||||
Plus: | |||||||||||||||||||||||
Fixed charges | 5.5 | 8.9 | 12.0 | 5.8 | 3.0 | 2.0 | |||||||||||||||||
Amortization of capitalized interest | 1.7 | 0.7 | 0.6 | 0.6 | 0.6 | 0.4 | |||||||||||||||||
Less: | |||||||||||||||||||||||
Interest capitalized | 1.0 | 6.9 | 10.8 | 4.5 | 1.2 | 0.2 | |||||||||||||||||
Earnings (loss) | (108.8 | ) | 160.9 | 129.4 | 236.2 | 254.7 | 125.8 | ||||||||||||||||
Interest (A) | 3.9 | 7.1 | 11.0 | 4.8 | 1.8 | 0.8 | |||||||||||||||||
Amortization of deferred financing costs | 0.5 | 0.9 | 0.1 | 0.2 | 0.4 | 0.5 | |||||||||||||||||
Interest portion of rental expense | 1.1 | 0.9 | 0.9 | 0.8 | 0.8 | 0.7 | |||||||||||||||||
Fixed Charges | $ | 5.5 | $ | 8.9 | $ | 12.0 | $ | 5.8 | $ | 3.0 | $ | 2.0 | |||||||||||
Ratio of Earnings to Fixed Charges | (B) | 18.08 | 10.78 | 40.72 | 84.90 | 62.90 | |||||||||||||||||
(A) Amount includes interest expense on debt and capitalized interest during the period.
(B) For the year ended December 31, 2015, there was a deficiency of earnings to cover the fixed charges of $114.3 million. Accordingly, the ratio for this period has not been presented.