EX-12.2 5 exhibit122-201210kratioofe.htm STATEMENT RE: COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES Exhibit 12.2 - 2012 10K Ratio of Earnings to Fixed Charges


EXHIBIT 12.2
AK STEEL HOLDING CORPORATION
RATIO OF EARNINGS TO FIXED CHARGES
(dollars in millions)
 
2012
 
2011
 
2010
 
2009
 
2008
Fixed charges:
 
 
 
 
 
 
 
 
 
Capitalized interest credit
$
2.5

 
$
6.7

 
$
10.1

 
$
7.8

 
$
4.4

Interest factor in rent expense
3.8

 
3.0

 
3.2

 
2.8

 
3.3

Other interest and fixed charges
86.8

 
47.9

 
33.6

 
37.4

 
48.9

Total fixed charges
$
93.1

 
$
57.6

 
$
46.9

 
$
48.0

 
$
56.6

 
 
 
 
 
 
 
 
 
 
Earnings—pre-tax income (loss) with applicable adjustments
$
(159.0
)
 
$
(186.0
)
 
$
(125.4
)
 
$
(47.9
)
 
$
55.3

 
 
 
 
 
 
 
 
 
 
Ratio of earnings to fixed charges
NM*

 
NM*

 
NM*

 
NM*

 
NM*


* In 2012, 2011, 2010, 2009 and 2008, earnings were less than fixed charges by $252.1, $243.6, $172.3, $95.9 and $1.3, respectively.