Attached files
| file | filename |
|---|---|
| 10-Q - 10-Q - TimkenSteel Corp | tmst10-q03312018.htm |
| EX-32.1 - EXHIBIT 32.1 - TimkenSteel Corp | tmstexhibit3213312018.htm |
| EX-31.2 - EXHIBIT 31.2 - TimkenSteel Corp | tmstexhibit3123312018.htm |
| EX-31.1 - EXHIBIT 31.1 - TimkenSteel Corp | tmstexhibit3113312018.htm |
| EX-10.1 - EXHIBIT 10.1 - TimkenSteel Corp | tmstexhibit1013312018.htm |
Exhibit 12.1
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Dollars in millions, except ratio amounts)
Year Ended December 31, | |||||
Q1 2018 | 2017 | 2016 | 2015 | 2014 | |
(Loss) income before income taxes | $(1.8) | $(42.3) | $(142.0) | $(71.7) | $68.7 |
Plus: | |||||
Fixed charges | 6.0 | 16.1 | 13.4 | 5.5 | 8.9 |
Amortization of capitalized interest | 0.4 | 1.8 | 1.9 | 1.7 | 0.7 |
Less: | |||||
Interest capitalized | 0.1 | 0.6 | 0.7 | 1.0 | 6.9 |
Earnings (loss) | 4.5 | (25.0) | (127.4) | (65.5) | 71.4 |
Interest (A) | 5.4 | 13.8 | 10.6 | 3.9 | 7.1 |
Amortization of deferred financing costs | 0.4 | 1.6 | 1.5 | 0.5 | 0.9 |
Interest portion of rental expense | 0.2 | 0.7 | 1.3 | 1.1 | 0.9 |
Fixed Charges | $6.0 | $16.1 | $13.4 | $5.5 | $8.9 |
Ratio of Earnings to Fixed Charges | 0.75 | (B) | (B) | (B) | 8.02 |
(A) Amount includes interest expense on debt and capitalized interest during the period.
(B) For the year ended December 31, 2017, there was a deficiency of earnings to cover the fixed charges of $8.9 million. For the year ended December 31, 2016, there was a deficiency of earnings to cover the fixed charges of $114.0 million. For the year ended December 31, 2015, there was a deficiency of earnings to cover the fixed charges of $60.0 million. Accordingly, the ratios for these periods have not been presented.