Attached files
file | filename |
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EX-23.1 - CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM - KAISER ALUMINUM CORP | ex231-kalux12311710k.htm |
10-K - 10-K - KAISER ALUMINUM CORP | kalu-12312017x10k.htm |
EX-32.2 - SECTION 906-DANIEL J. RINKENBERGER - KAISER ALUMINUM CORP | ex322-kalux12311710k.htm |
EX-32.1 - SECTION 906-JACK A. HOCKEMA - KAISER ALUMINUM CORP | ex321-kalux12311710k.htm |
EX-31.2 - SECTION 302-DANIEL J. RINKENBERGER - KAISER ALUMINUM CORP | ex312-kalux12311710k.htm |
EX-31.1 - SECTION 302-JACK A. HOCKEMA - KAISER ALUMINUM CORP | ex311-kalux12311710k.htm |
Exhibit 12.1
KAISER ALUMINUM CORPORATION AND SUBSIDIARY COMPANIES
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(In millions of dollars, except for ratio of earnings to fixed charges)
Year Ended December 31, | ||||||||||||||||||||
2017 | 2016 | 2015 | 2014 | 2013 | ||||||||||||||||
Earnings: | ||||||||||||||||||||
Income (loss) from continuing operations before taxes | $ | 133.0 | $ | 147.2 | $ | (371.8 | ) | $ | 107.1 | $ | 143.2 | |||||||||
Fixed charges | 27.0 | 26.0 | 28.6 | 42.5 | 41.6 | |||||||||||||||
Interest capitalized | (2.2 | ) | (2.9 | ) | (1.8 | ) | (2.5 | ) | (3.4 | ) | ||||||||||
Amortization of interest capitalized | 1.4 | 1.1 | 1.0 | 0.9 | 0.8 | |||||||||||||||
Earnings (loss) | $ | 159.2 | $ | 171.4 | $ | (344.0 | ) | $ | 148.0 | $ | 182.2 | |||||||||
Fixed Charges: | ||||||||||||||||||||
Interest expense, including amortization of discounts, debt issuance costs and interest component of rent expense | $ | 22.2 | $ | 20.3 | $ | 24.1 | $ | 37.5 | $ | 35.7 | ||||||||||
Interest capitalized | 2.2 | 2.9 | 1.8 | 2.5 | 3.4 | |||||||||||||||
Amount representative of the interest factor in rents | 2.6 | 2.8 | 2.7 | 2.5 | 2.5 | |||||||||||||||
Fixed charges | $ | 27.0 | $ | 26.0 | $ | 28.6 | $ | 42.5 | $ | 41.6 | ||||||||||
Ratio of earnings to fixed charges | 5.9 | 6.6 | N/A | 3.5 | 4.4 | |||||||||||||||