Attached files
| file | filename |
|---|---|
| EX-31.2 - EX-31.2 - Domtar CORP | ufs-ex312_9.htm |
| 10-Q - FORM 10-Q - Domtar CORP | ufs-10q_20160930.htm |
| EX-32.2 - EX-32.2 - Domtar CORP | ufs-ex322_10.htm |
| EX-32.1 - EX-32.1 - Domtar CORP | ufs-ex321_7.htm |
| EX-31.1 - EX-31.1 - Domtar CORP | ufs-ex311_6.htm |
| EX-10.1 - EX-10.1 - Domtar CORP | ufs-ex101_311.htm |
Exhibit 12.1
Domtar Corporation
Computation of ratio of earnings to fixed charges
(In millions of dollars, unless otherwise noted)
|
|
|
Three months ended |
|
|
Nine months ended |
|
||||||||||
|
|
|
September 30, |
|
|
September 30, |
|
|
September 30, |
|
|
September 30, |
|
||||
|
|
|
2016 |
|
|
2015 |
|
|
2016 |
|
|
2015 |
|
||||
|
|
|
$ |
|
|
$ |
|
|
$ |
|
|
$ |
|
||||
|
Available earnings: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Earnings (loss) before income taxes |
|
|
75 |
|
|
|
(3 |
) |
|
|
100 |
|
|
|
79 |
|
|
Add fixed charges: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest expense incurred |
|
|
16 |
|
|
|
21 |
|
|
|
47 |
|
|
|
70 |
|
|
Amortization of debt expense and discount |
|
|
1 |
|
|
|
4 |
|
|
|
2 |
|
|
|
6 |
|
|
Interest portion of rental expense (1) |
|
|
1 |
|
|
|
2 |
|
|
|
5 |
|
|
|
6 |
|
|
Total earnings as defined |
|
|
93 |
|
|
|
24 |
|
|
|
154 |
|
|
|
161 |
|
|
Fixed charges: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest expense incurred |
|
|
16 |
|
|
|
21 |
|
|
|
47 |
|
|
|
70 |
|
|
Amortization of debt expense and discount |
|
|
1 |
|
|
|
4 |
|
|
|
2 |
|
|
|
6 |
|
|
Interest portion of rental expense (1) |
|
|
1 |
|
|
|
2 |
|
|
|
5 |
|
|
|
6 |
|
|
Total fixed charges |
|
|
18 |
|
|
|
27 |
|
|
|
54 |
|
|
|
82 |
|
|
Ratio of earnings to fixed charges |
|
|
5.2 |
|
|
|
0.9 |
|
|
|
2.9 |
|
|
|
2.0 |
|
|
(1) |
Interest portion of rental expense is calculated based on the proportion deemed representation of the interest component (i.e 1/3 of rental expense). |