EX-99.3 4 l27115aexv99w3.htm EX-99.3 EX-99.3
 

Exhibit 99.3
Allegheny Technologies Incorporated
Computation of Ratio of Earnings to Fixed Charges
(dollars in millions)
                                         
    For the Years Ended  
    12/31/2006     12/31/2005     12/31/2004     12/31/2003     12/31/2002  
Income (loss) before income tax provision (benefit) and cumulative effect of change in accounting principle
   $ 872.6     $ 311.1     $ 22.3     $ (279.7 )   $ (104.8 )
(Income) loss recognized on less than fifty percent owned persons
     (16.4 )     (12.7 )     (2.2 )     1.6       3.2  
Minority interest in the income of subsidiary with fixed charges
     —       —       —       —       —  
 
                              
 
   $ 856.2     $ 298.4     $ 20.1     $ (278.1 )   $ (101.6 )
 
                              
Fixed Charges:
                                        
Interest expense
   $ 37.7     $ 46.3     $ 38.0     $ 33.3     $ 36.8  
Portion of rents deemed to be interest
     6.8       7.0       6.0       5.8       5.3  
Capitalized interest
     4.5       0.2       0.9       2.1       0.1  
Amortization of debt expense
     0.7       0.6       0.6       0.6       0.5  
 
                              
Fixed Charges excluding capitalized interest
   $ 49.7     $ 54.1     $ 45.5     $ 41.8     $ 42.7  
Earnings adjustments:
                                        
Capitalized interest
   $ (4.5 )   $ (0.2 )   $ (0.9 )   $ (2.1 )   $ (0.1 )
 
                              
Earnings, as adjusted
   $ 901.4     $ 352.3     $ 64.7     $ (238.4 )   $ (59.0 )
 
                              
Ratio of earnings to fixed charges
     18.1       6.5       1.4       — (1)     — (1)
 
                              
 
(1)   For the years ended December 31, 2003 and 2002, fixed charges exceeded earnings by approximately $280.2 million and $101.7 million, respectively.