EX-12.1 3 l34281aexv12w1.htm EX-12.1 EX-12.1
Exhibit 12.1
Allegheny Technologies Incorporated
Computation of Ratio of Earnings to Fixed Charges
(Dollars in millions)
                 
    Three     Nine  
    Months     Months  
    Ended     Ended  
    9/30/08     9/30/08  
Income before income tax provision
   $ 228.0     $ 698.0  
Income recognized on less than fifty percent owned persons
     (2.9 )     (3.3 )
Minority interest in the income of subsidiary with fixed charges
     —       —  
 
            
 
   $ 225.1     $ 694.7  
 
            
 
                
Fixed Charges:
                
Interest expense
   $ 3.4     $ 10.7  
Portion of rents deemed to be interest
     1.8       5.1  
Capitalized interest
     6.1       17.7  
Amortization of debt expense
     0.2       0.6  
 
            
Fixed Charges excluding capitalized interest
   $ 11.5     $ 34.1  
Earnings adjustments:
                
Capitalized interest
   $ (6.1 )   $ (17.7 )
 
            
Earnings, as adjusted
   $ 230.5     $ 711.1  
 
            
Ratio of earnings to fixed charges
     20.0       20.9