Attached files

file filename
EX-95.1 - EXHIBIT 95.1 - AK STEEL HOLDING CORPaks20171231exhibit951.htm
EX-32.2 - EXHIBIT 32.2 - AK STEEL HOLDING CORPaks20171231exhibit322.htm
EX-32.1 - EXHIBIT 32.1 - AK STEEL HOLDING CORPaks20171231exhibit321.htm
EX-31.2 - EXHIBIT 31.2 - AK STEEL HOLDING CORPaks20171231exhibit312.htm
EX-31.1 - EXHIBIT 31.1 - AK STEEL HOLDING CORPaks20171231exhibit311.htm
EX-23.1 - EXHIBIT 23.1 - AK STEEL HOLDING CORPaks20171231exhibit231.htm
EX-21.1 - EXHIBIT 21.1 - AK STEEL HOLDING CORPaks20171231exhibit211.htm
EX-12.2 - EXHIBIT 12.2 - AK STEEL HOLDING CORPaks20171231exhibit122.htm
EX-10.5 - EXHIBIT 10.5 - AK STEEL HOLDING CORPaks20171231exhibit105.htm
10-K - 10-K - AK STEEL HOLDING CORPform10-k2017.htm


EXHIBIT 12.1
AK STEEL HOLDING CORPORATION
RATIO OF EARNINGS TO COMBINED FIXED CHARGES
(dollars in millions)

 
2017
 
2016
 
2015
 
2014
 
2013
Combined fixed charges:
 
 
 
 
 
 
 
 
 
Capitalized interest credit
$
1.9

 
$
3.1

 
$
2.1

 
$
2.7

 
$
2.7

Interest factor in rent expense
5.2

 
5.6

 
5.3

 
4.3

 
3.3

Other interest and fixed charges
152.3

 
164.0

 
173.1

 
144.2

 
127.6

Preference dividends

 

 

 

 

Total combined fixed charges
$
159.4

 
$
172.7

 
$
180.5

 
$
151.2

 
$
133.6

 
 
 
 
 
 
 
 
 
 
Earnings—pre-tax income (loss) with applicable adjustments
$
153.3

 
$
166.4

 
$
(239.8
)
 
$
77.1

 
$
93.7

 
 
 
 
 
 
 
 
 
 
Ratio of earnings to combined fixed charges
NM*

 
NM*

 
NM*

 
NM*

 
NM*


* In 2017, 2016, 2015, 2014 and 2013, earnings were less than combined fixed charges by $6.1, $6.3, $420.3, $74.1 and $39.9, respectively.