EX-12.1 3 d490851dex121.htm EX-12.1 EX-12.1

Exhibit 12.1

Cytec Industries Inc.

Computation of Ratio of Earnings to Fixed Charges

(Dollar amounts in millions)

 

     Year Ended December 31,  
      2012     2011     2010     2009     2008  

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

   $ 131.4      $ 114.3      $ 73.6      $ 1.9      $ 129.3   

Add:

          

Amortization of capitalized interest

     2.7        2.8        2.2        1.9        2.4   

Fixed charges

     48.2        47.3        45.0        41.6        44.0   

Less:

          

Capitalized interest

     (11.8     (4.6     (3.1     (8.2     (3.0

Earnings as adjusted

   $ 170.5      $ 159.8      $ 117.7      $ 37.2      $ 172.7   

Fixed charges:

          

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

   $ 45.7      $ 45.0      $ 42.1      $ 39.8      $ 41.6   

Portion of rents representative of the interest factor

     2.5        2.3        2.9        1.8        2.4   
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Fixed charges

   $ 48.2      $ 47.3      $ 45.0      $ 41.6      $ 44.0   
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Ratio of earnings to fixed charges

     3.5        3.4        2.6        0.9        3.9