EX-12.1 2 exhibit121-statementrecomp.htm EXHIBIT 12.1 Exhibit


EXHIBIT 12.1
AK STEEL HOLDING CORPORATION
RATIO OF EARNINGS TO COMBINED FIXED CHARGES
(dollars in millions)

 
2017
 
2016
 
2015
 
2014
 
2013
Combined fixed charges:
 
 
 
 
 
 
 
 
 
Capitalized interest credit
$
1.9

 
$
3.1

 
$
2.1

 
$
2.7

 
$
2.7

Interest factor in rent expense
5.2

 
5.6

 
5.3

 
4.3

 
3.3

Other interest and fixed charges
152.3

 
164.0

 
173.1

 
144.2

 
127.6

Preference dividends
—

 
—

 
—

 
—

 
—

Total combined fixed charges
$
159.4

 
$
172.7

 
$
180.5

 
$
151.2

 
$
133.6

 
 
 
 
 
 
 
 
 
 
Earnings—pre-tax income (loss) with applicable adjustments
$
265.4

 
$
137.3

 
$
(452.8
)
 
$
52.4

 
$
48.4

 
 
 
 
 
 
 
 
 
 
Ratio of earnings to combined fixed charges
1.7

 
NM*

 
NM*

 
NM*

 
NM*


* In 2016, 2015, 2014 and 2013, earnings were less than combined fixed charges by $35.4, $633.3, $98.8 and $85.2, respectively.