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EX-23.1 - CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM - KAISER ALUMINUM CORPex231-kalux12311710k.htm
10-K - 10-K - KAISER ALUMINUM CORPkalu-12312017x10k.htm
EX-32.2 - SECTION 906-DANIEL J. RINKENBERGER - KAISER ALUMINUM CORPex322-kalux12311710k.htm
EX-32.1 - SECTION 906-JACK A. HOCKEMA - KAISER ALUMINUM CORPex321-kalux12311710k.htm
EX-31.2 - SECTION 302-DANIEL J. RINKENBERGER - KAISER ALUMINUM CORPex312-kalux12311710k.htm
EX-31.1 - SECTION 302-JACK A. HOCKEMA - KAISER ALUMINUM CORPex311-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