EX-12.1 3 dex121.htm EXHIBIT 12.1 Exhibit 12.1

Exhibit 12.1

ALBEMARLE CORPORATION

COMPUTATION OF EARNINGS TO FIXED CHARGES

(In Thousands Except for Ratios)

 

           Year Ended December 31,  
     Nine  months
9/30/2010
    2009     2008     2007     2006  

Earnings:

          

Pre-tax income before adjustment for net income attributable to noncontrolling interests or equity in net income or losses of unconsolidated investments

   $ 286,987      $ 160,273      $ 183,343      $ 277,819      $ 133,386   

Fixed Charges:

          

Interest expense (before capitalized interest)

     18,458        25,820        39,171        42,835        45,143   

Portion (1/3) of rents representing interest factor

     7,275        9,124        10,232        8,731        8,284   
                                        

Total fixed charges

     25,733        34,944        49,403        51,566        53,427   
                                        

Amortization of capitalized interest

     887        1,272        1,335        1,680        984   

Distributed income of unconsolidated investments

     11,919        18,045        13,135        11,769        13,536   

Interest capitalized

     (399     (1,236     (996     (4,503     (1,179

Net income attributable to noncontrolling interests (net of tax)

     (9,272     (11,255     (18,806     (17,632     (13,258
                                        

Pre-tax income before adjustment for net income attributable to noncontrolling interests or equity in net income or losses of unconsolidated investments plus fixed charges, amortization of capitalized interest, less interest capitalized and net income attributable to noncontrolling interests that have not incurred fixed charges

   $ 315,855      $ 202,043      $ 227,414      $ 320,699      $ 186,896   
                                        

Ratio of earnings to fixed charges

     12.3x        5.8x        4.6x        6.2x        3.5x