EX-12.1 3 cmp-20171231x10kxex121.htm EXHIBIT 12.1 STATEMENT OF COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES Exhibit
Exhibit 12.1

 
 
 
 
 
 
Compass Minerals International, Inc.
Computation of Ratios of Earnings to Fixed Charges
(in millions)
 
 
 
 
 
 
 
 
 
 
 
 
Year ended December 31,
2017
 
2016
 
2015
Earnings:
 
 
 
 
 
Net earnings before income taxes
$
102.7

 
$
197.3

 
$
214.5

Less: capitalized interest
(5.1
)
 
(2.9
)
 
(1.5
)
Plus: fixed charges
65.0

 
41.1

 
26.5

 
$
162.6

 
$
235.5

 
$
239.5

 
 
 
 
 
 
Fixed Charges:
 
 
 
 
 
Interest charges
$
52.9

 
$
34.1

 
$
21.5

Capitalized interest
5.1

 
2.9

 
1.5

Plus interest factor in operating rent expense
7.0

 
4.1

 
3.5

 
$
65.0

 
$
41.1

 
$
26.5

 
 
 
 
 
 
Ratio of earnings to fixed charges
2.50x

 
5.73x

 
9.04x