EX-12.1 6 j9220101ex12-1.txt STATEMENT REGARDING CALCULATION OF EARNINGS TO FIX Exhibit 12.1 ALLEGHENY TECHNOLOGIES INCORPORATED COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES (DOLLARS IN THOUSANDS)
Years ended ---------------------------------------------------------------------- 12/31/2001 12/31/2000 12/31/1999 12/31/1998 12/31/1997 ---------- ---------- ---------- ---------- ---------- Income before taxes $ (36,400) $ 208,786 $ 174,162 $ 249,848 $ 364,485 (Income) loss recognized on less than fifty percent owned persons (567) 245 (97) (36) (908) Minority interest in the income of subsidiary with fixed charges -- 52 2 462 938 --------- --------- --------- --------- --------- $ (36,967) $ 209,083 $ 174,067 $ 250,274 $ 364,515 --------- --------- --------- --------- --------- Fixed Charges: Interest expense $ 16,536 $ 36,014 $ 30,625 $ 29,824 $ 29,324 Portion of rents deemed to be interest 7,400 7,293 8,025 7,326 5,500 Capitalized interest -- -- -- 324 76 Amortization of debt expense 14,164 1,586 75 76 444 --------- --------- --------- --------- --------- 38,100 44,893 38,725 37,550 35,344 Fixed charge adjustments: Capitalized interest -- -- -- 324 444 --------- --------- --------- --------- --------- Adjusted fixed charges 38,100 44,893 38,725 37,226 34,900 --------- --------- --------- --------- --------- Earnings before income taxes, minority interest and fixed charges $ 1,133 $ 253,976 $ 212,792 $ 287,500 $ 399,415 --------- --------- --------- --------- --------- Ratio of earnings to fixed charges $ --(1) $ 5.7 $ 5.5 $ 7.7 $ 11.4 ========= ========= ========= ========= =========
------------------------ (1) For the year ended December 31, 2001, fixed charges exceeded earnings by approximately $37.1 million.