Attached files
| file | filename |
|---|---|
| EX-2.3 - EXHIBIT 2.3 - ALBEMARLE CORP | exhibit231231201610-k.htm |
| 10-K - 10-K - ALBEMARLE CORP | a1231201610-kdocument.htm |
| EX-99.1 - EXHIBIT 99.1 - ALBEMARLE CORP | exhibit9911231201610-k.htm |
| EX-32.2 - EXHIBIT 32.2 - ALBEMARLE CORP | exhibit3221231201610-k.htm |
| EX-32.1 - EXHIBIT 32.1 - ALBEMARLE CORP | exhibit3211231201610-k.htm |
| EX-31.2 - EXHIBIT 31.2 - ALBEMARLE CORP | exhibit3121231201610-k.htm |
| EX-31.1 - EXHIBIT 31.1 - ALBEMARLE CORP | exhibit3111231201610-k.htm |
| EX-23.1 - EXHIBIT 23.1 - ALBEMARLE CORP | exhibit2311231201610-k.htm |
| EX-21.1 - EXHIBIT 21.1 - ALBEMARLE CORP | exhibit2111231201610-k.htm |
| EX-2.4 - EXHIBIT 2.4 - ALBEMARLE CORP | exhibit241231201610-k.htm |
Exhibit 12.1
ALBEMARLE CORPORATION
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(In Thousands, Except for Ratios)
Year Ended December 31, | |||||||||||||||||||
2016 | 2015 | 2014 | 2013 | 2012 | |||||||||||||||
Earnings: | |||||||||||||||||||
Pre-tax income from continuing operations before adjustment for net income attributable to noncontrolling interests or equity in net income or losses of unconsolidated investments | $ | 515,264 | $ | 310,744 | $ | 213,179 | $ | 538,442 | $ | 368,212 | |||||||||
Fixed Charges: | |||||||||||||||||||
Interest expense (before capitalized interest and loss on extinguishment of debt) | 70,096 | 87,484 | 43,774 | 37,701 | 38,777 | ||||||||||||||
Portion (1/3) of rents representing interest factor | 10,462 | 11,607 | 10,641 | 10,241 | 11,028 | ||||||||||||||
Total fixed charges | 80,558 | 99,091 | 54,415 | 47,942 | 49,805 | ||||||||||||||
Amortization of capitalized interest | 2,485 | 2,551 | 2,163 | 1,987 | 1,527 | ||||||||||||||
Distributed income of unconsolidated investments | 43,759 | 59,912 | 40,688 | 21,632 | 26,908 | ||||||||||||||
Interest capitalized | (6,836 | ) | (11,187 | ) | (2,416 | ) | (6,142 | ) | (5,977 | ) | |||||||||
Net income attributable to noncontrolling interests (net of tax) | (37,094 | ) | (25,158 | ) | (27,590 | ) | (26,663 | ) | (18,591 | ) | |||||||||
Pre-tax income from continuing operations before adjustment for net income attributable to noncontrolling interests or equity in net income or losses of unconsolidated investments plus fixed charges, amortization of capitalized interest, less interest capitalized and net income attributable to noncontrolling interests that have not incurred fixed charges | $ | 598,136 | $ | 435,953 | $ | 280,439 | $ | 577,198 | $ | 421,884 | |||||||||
Ratio of earnings to fixed charges | 7.4 | 4.4 | 5.2 | 12.0 | 8.5 | ||||||||||||||