Attached files
| file | filename |
|---|---|
| 10-K - 10-K - SunCoke Energy, Inc. | sxc-2016123110xk.htm |
| EX-21.1 - EXHIBIT 21.1 - SunCoke Energy, Inc. | sxc201610-kex211.htm |
| EX-10.5.5 - EXHIBIT 10.5.5 - SunCoke Energy, Inc. | sxc201610-kex1055.htm |
| EX-10.5.3 - EXHIBIT 10.5.3 - SunCoke Energy, Inc. | sxc201610-kex1053.htm |
| EX-10.6.1 - EXHIBIT 10.6.1 - SunCoke Energy, Inc. | sxc201610-kex1061.htm |
| EX-24.1 - EXHIBIT 24.1 - SunCoke Energy, Inc. | sxc201610-kex241.htm |
| EX-95.1 - EXHIBIT 95.1 - SunCoke Energy, Inc. | sxc201610-kex951.htm |
| EX-23.1 - EXHIBIT 23.1 - SunCoke Energy, Inc. | sxc201610-kex231.htm |
| EX-32.2 - EXHIBIT 32.2 - SunCoke Energy, Inc. | sxc201610-kex322.htm |
| EX-31.2 - EXHIBIT 31.2 - SunCoke Energy, Inc. | sxc201610-kex312.htm |
| EX-31.1 - EXHIBIT 31.1 - SunCoke Energy, Inc. | sxc201610-kex311.htm |
| EX-23.2 - EXHIBIT 23.2 - SunCoke Energy, Inc. | sxc201610-kex232.htm |
| EX-32.1 - EXHIBIT 32.1 - SunCoke Energy, Inc. | sxc201610-kex321.htm |
Exhibit 12.1
CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES | |||||||||||||||||||
Computation of Ratios of Earnings to Fixed Charges | |||||||||||||||||||
Exhibit 12.1 | |||||||||||||||||||
Year ended December 31, | |||||||||||||||||||
2016 | 2015 | 2014 | 2013 | 2012 | |||||||||||||||
(Dollars in millions, except ratios) | |||||||||||||||||||
Earnings: | |||||||||||||||||||
Income before income taxes | $ | 68.1 | $ | 23.1 | $ | (125.6 | ) | $ | 84.2 | $ | 100.0 | ||||||||
Fixed charges | 61.7 | 63.5 | 69.2 | 55.8 | 49.7 | ||||||||||||||
Amortization of capitalized interest | 1.4 | 1.1 | 1.0 | 0.9 | 0.9 | ||||||||||||||
Less: | |||||||||||||||||||
Capitalized interest | (5.0) | (3.7 | ) | (3.2) | (1.0) | (0.1) | |||||||||||||
Noncontrolling interest in pre-tax loss (income) loss of subsidiaries that have not incurred fixed charges | (45.1) | (32.3) | (24.3) | (25.1) | (3.7) | ||||||||||||||
Adjusted earnings | $ | 81.1 | $ | 51.7 | $ | (82.9 | ) | $ | 114.8 | $ | 146.8 | ||||||||
Fixed Charges: | |||||||||||||||||||
Interest cost - affiliate | $ | — | $ | — | $ | — | $ | — | $ | — | |||||||||
Interest cost | 58.8 | 60.7 | 66.6 | 53.7 | 48.2 | ||||||||||||||
Interest portion of rent expense* | 2.9 | 2.8 | 2.6 | 2.1 | 1.5 | ||||||||||||||
Total fixed charges | $ | 61.7 | $ | 63.5 | $ | 69.2 | $ | 55.8 | $ | 49.7 | |||||||||
Ratios of earnings to fixed charges | 1.3 | † | ** | 2.1 | 3.0 | ||||||||||||||
*Represents one-third of the total operating lease rental expense, which is that portion deemed to be interest. | |||||||||||||||||||
**Earnings for the year ended December 31, 2014 were inadequate to cover fixed charges by $152.1 million. | |||||||||||||||||||
†Earnings for the year ended December 31, 2015 were inadequate to cover fixed charges by $11.8 million. | |||||||||||||||||||