Attached files
| file | filename |
|---|---|
| EX-21 - SUBSIDIARIES - OLIN Corp | oln-2015exhibit21.htm |
| EX-32 - CEO & CFO SECTION 906 CERTIFICATION - OLIN Corp | oln-2015xexhibit32.htm |
| EX-23 - CONSENT OF KPMG LLP - OLIN Corp | oln-2015xexhibit23.htm |
| EX-10.P - 1997 DIRECTORS PLAN - OLIN Corp | oln-2015xexhibit10p.htm |
| EX-10.N - CIC AGREEMENT FORMER DOW EMPLOYEES - OLIN Corp | oln-2015xexhibit10n.htm |
| EX-31.2 - CFO SECTION 302 CERTIFICATION STATEMENT - OLIN Corp | oln-2015xexhibit312.htm |
| EX-10.M - CIC AGREEMENT AMENDMENT - OLIN Corp | oln-2015xexhibit10m.htm |
| EX-10.O - CIC AGREEMENT FOR LEGACY OLIN EMPLOYEES - OLIN Corp | oln-2015xexhibit10o.htm |
| EX-10.J - FORM OF EXECUTIVE RETENTION AGREEMENT - OLIN Corp | oln-2015xexhibit10j.htm |
| EX-10.I - EXECUTIVE AGREEMENT AMENDMENT - OLIN Corp | oln-2015xexhibit10i.htm |
| EX-31.1 - CEO SECTION 302 CERTIFICATION STATEMENT - OLIN Corp | oln-2015xexhibit311.htm |
| 10-K - FORM 10-K - OLIN Corp | oln-2015x1231x10xk.htm |
Exhibit 12
OLIN CORPORATION AND CONSOLIDATED SUBSIDIARIES
Computation of Ratio of Earnings to Fixed Charges
(Unaudited)
Years Ended December 31, | ||||||||||||||||||||
2015 | 2014 | 2013 | 2012 | 2011 | ||||||||||||||||
Earnings: | ($ in millions) | |||||||||||||||||||
Income from continuing operations before taxes(1) | $ | 6.7 | $ | 162.7 | $ | 250.0 | $ | 225.2 | $ | 379.4 | ||||||||||
Add (deduct): | ||||||||||||||||||||
Earnings of non-consolidated affiliates | (1.7 | ) | (1.7 | ) | (2.8 | ) | (3.0 | ) | (9.6 | ) | ||||||||||
Distributions from affiliated companies | — | — | 1.5 | 1.3 | 1.4 | |||||||||||||||
Amortization of capitalized interest | 2.2 | 2.2 | 2.1 | 1.6 | 1.4 | |||||||||||||||
Capitalized interest | (1.1 | ) | (0.2 | ) | (1.1 | ) | (7.4 | ) | (1.2 | ) | ||||||||||
Fixed charges as described below | 123.1 | 67.5 | 62.0 | 54.0 | 49.5 | |||||||||||||||
Total | $ | 129.2 | $ | 230.5 | $ | 311.7 | $ | 271.7 | $ | 420.9 | ||||||||||
Fixed charges: | ||||||||||||||||||||
Interest expensed and capitalized | $ | 98.1 | $ | 44.0 | $ | 39.7 | $ | 33.8 | $ | 31.6 | ||||||||||
Estimated interest factor in rent expense(2) | 25.0 | 23.5 | 22.3 | 20.2 | 17.9 | |||||||||||||||
Total | $ | 123.1 | $ | 67.5 | $ | 62.0 | $ | 54.0 | $ | 49.5 | ||||||||||
Ratio of earnings to fixed charges | 1.0 | 3.4 | 5.0 | 5.0 | 8.5 | |||||||||||||||
(1) | The income from continuing operations before taxes for the year ended December 31, 2011 included a pretax gain of $181.4 million as a result of remeasuring our previously held 50% equity interest in SunBelt. |
(2) | Amounts represent those portions of rent expense that are reasonable approximations of interest costs. |