EX-12 2 dex12.htm COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES Computation of Ratio of Earnings to Fixed Charges

Exhibit 12

Cytec Industries Inc.

Computation of Ratio of Earnings to Fixed Charges

(Dollar amounts in millions)

 

     Three Months Ended
March 31,
 
     2011     2010  

Earnings from continuing operations before income taxes, equity in earnings of associated companies, minority interest and cumulative effect of accounting change

   $ 54.7      $ 44.5   

Add:

    

Distributed income of associated companies

     0.0        0.0   

Amortization of capitalized interest

     0.6        0.5   

Fixed charges

     11.9        11.5   

Less:

    

Capitalized interest

     (1.3     (0.6

Minority interest

     (0.7     (1.0
                

Earnings as adjusted

   $ 65.2      $ 54.9   

Fixed charges:

    

Interest on indebtedness including amortized premiums, discount and deferred financing costs

   $ 10.9      $ 10.5   

Portion of rents representative of the interest factor

     1.0        1.0   
                

Fixed charges

   $ 11.9      $ 11.5   
                

Ratio of earnings to fixed charges

     5.5        4.8