EX-12 16 gti_exh12-1.htm EXHIBIT 12.1.0 - COMPUTATION OF RATIO/EARNINGS gti_exh12-1

EXHIBIT 12.1.0

COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES
(Dollars in Millions)
Years Ended December 31,
2000
2001
2002
2003
2004
Earnings:                        
     Pre-Tax income from continuing operations   $ 15   $ (73 ) $ (32 ) $ (24 ) $ 64  
     Plus fixed charges    75    60    60    44    40  
     Plus amortization of capitalized interest    1    2    1    2    1  
     Less interest capitalized    1    1    1    1    1  





Total earnings, before fixed charge   $ 90   $ (12 ) $ (28 ) $ 23   $ 106  

Fixed Charges:
  
     Interest expensed and capitalized   $ 75   $ 60   $ 60   $ 46   $ 40  

Total fixed charges
   $ 75   $ 60   $ 60   $ 46    40  





Ratio of earnings to fixed charges    1.20    --    --    --    2.60  
Earnings to fixed charges deficiency    --   $ 72   $ 32   $ 23    --