EX-12.1 5 l41886exv12w1.htm EX-12.1 exv12w1
Exhibit 12.1
Allegheny Technologies Incorporated
Computation of Ratio of Earnings to Fixed Charges
(Dollars in millions)
                                         
For the Years Ended December 31,   2010     2009     2008     2007     2006  
 
Income before income tax provision (benefit) and cumulative effect of change in accounting principle
   $ 125.7     $ 64.9     $ 867.7     $ 1,154.1     $ 880.7  
(Income) loss recognized on less than fifty percent owned persons
     (2.5 )     18.6       (4.6 )     (11.8 )     (16.4 )
Noncontrolling interest in the income of subsidiary with fixed charges
     (8.0 )     (6.3 )     (7.6 )     (6.8 )     (8.1 )
 
                              
 
   $ 115.2     $ 77.2     $ 855.5     $ 1,135.5     $ 856.2  
Fixed Charges:
                                        
Interest expense
   $ 60.7     $ 19.3     $ 12.4     $ 30.0     $ 37.7  
Portion of rents deemed to be interest
     7.0       7.1       7.0       6.4       6.8  
Capitalized interest
     12.5       39.0       25.0       9.8       4.5  
Debt extinguishment costs
     —       9.2       —       —       —  
Amortization of debt expense
     3.1       2.1       0.8       0.8       0.7  
 
                              
Fixed Charges excluding capitalized interest
     83.3       76.7       45.2       47.0       49.7  
Earnings adjustments:
                                        
Capitalized interest
     (12.5 )     (39.0 )     (25.0 )     (9.8 )     (4.5 )
 
                              
Earnings, as adjusted
   $ 186.0     $ 114.9     $ 875.7     $ 1,172.7     $ 901.4  
 
                              
Ratio of earnings to fixed charges
     2.2       1.5       19.4       25.0       18.1  
 
                              

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