EX-12.1 3 l35099aexv12w1.htm EX-12.1 EX-12.1
Exhibit 12.1
Allegheny Technologies Incorporated
Computation of Ratio of Earnings to Fixed Charges
(Dollars in millions)
                                         
    For the Years Ended  
    12/31/2008     12/31/2007     12/31/2006     12/31/2005     12/31/2004  
Income before income tax provision (benefit) and cumulative effect of change in accounting principle
  $ 860.1     $ 1,147.3     $ 872.6     $ 311.1     $ 22.3  
(Income) loss recognized on less than fifty percent owned persons
    (4.6 )     (11.8 )     (16.4 )     (12.7 )     (2.2 )
Minority interest in the income of subsidiary with fixed charges
                             
 
                             
 
  $ 855.5     $ 1,135.5     $ 856.2     $ 298.4     $ 20.1  
 
                             
 
                                       
Fixed Charges:
                                       
Interest expense
  $ 12.4     $ 30.0     $ 37.7     $ 46.3     $ 38.0  
Portion of rents deemed to be interest
    7.0       6.4       6.8       7.0       6.0  
Capitalized interest
    25.0       9.8       4.5       0.2       0.9  
Amortization of debt expense
    0.8       0.8       0.7       0.6       0.6  
 
                             
Fixed Charges excluding capitalized interest
  $ 45.2     $ 47.0     $ 49.7     $ 54.1     $ 45.5  
Earnings adjustments:
                                       
Capitalized interest
  $ (25.0 )   $ (9.8 )   $ (4.5 )   $ (0.2 )   $ (0.9 )
 
                             
Earnings, as adjusted
  $ 875.7     $ 1,172.7     $ 901.4     $ 352.3     $ 64.7  
 
                             
Ratio of earnings to fixed charges
    19.4       25.0       18.1       6.5       1.4