EX-12.2 5 a201110kexhibit122-ratioof.htm STATEMENT RE: COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES 2011 10K Exhibit 12.2-Ratio of Earnings to Fixed Charges


EXHIBIT 12.2
AK STEEL HOLDING CORPORATION
RATIO OF EARNINGS TO FIXED CHARGES
(dollars in millions)
 
2011
 
2010
 
2009
 
2008
 
2007
Fixed charges:
 
 
 
 
 
 
 
 
 
Capitalized interest credit
$
6.7

 
$
10.1

 
$
7.8

 
$
4.4

 
$
3.6

Interest factor in rent expense
3.0

 
3.2

 
2.8

 
3.3

 
3.7

Other interest and fixed charges
47.9

 
33.6

 
37.4

 
48.9

 
69.3

Total fixed charges
$
57.6

 
$
46.9

 
$
48.0

 
$
56.6

 
$
76.6

 
 
 
 
 
 
 
 
 
 
Earnings—pre-tax income (loss) with applicable adjustments
$
(186.0
)
 
$
(125.4
)
 
$
(47.9
)
 
$
55.3

 
$
674.5

 
 
 
 
 
 
 
 
 
 
Ratio of earnings to fixed charges
NM*

 
NM*

 
NM*

 
NM*

 
8.8


* In 2011, 2010, 2009 and 2008, earnings were less than fixed charges by $243.6, $172.3, $95.9 and $1.3, respectively.