EX-12.1 3 k48347a1exv12w1.htm EX-12.1 exv12w1
Exhibit 12.1
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
AMERICAN AXLE & MANUFACTURING HOLDINGS, INC.
                                                 
    Year Ended December 31,
    First Nine Months of 2009   2008   2007   2006   2005   2004
                    (unaudited)                
            (In millions, except for ratios)        
Fixed Charges:
                                               
Interest expense, including amortization of debt issuance costs
  $ 60.4     $ 70.4     $ 61.6     $ 39.0     $ 27.9     $ 25.8  
Estimated interest portion of rents
    3.7       7.4       6.6       8.9       10.3       11.7  
Capitalized interest
    5.6       5.9       6.4       7.2       5.7       5.8  
     
Total fixed charges as defined
  $ 69.7     $ 83.7     $ 74.6     $ 55.1     $ 43.9     $ 43.3  
     
 
                                               
Earnings (Loss):
                                               
Income (loss) from continuing operations before income tax expense
  $ (294.0 )   $ (1,121.3 )   $ 17.6     $ (356.3 )   $ 80.3     $ 239.7  
Total fixed charges as defined
    69.7       83.7       74.6       55.1       43.9       43.3  
Fixed charges not deducted in the determination of income (loss) from continuing operations before income tax expense
    (5.6 )     (5.9 )     (6.4 )     (7.2 )     (5.7 )     (5.8 )
     
Total earnings (loss) as defined
  $ (229.9 )   $ (1,043.5 )   $ 85.8     $ (308.4 )   $ 118.5     $ 277.2  
     
 
                                               
Ratio of earnings (loss) to fixed charges
  (a)   (a)     1.15     (a)     2.70       6.40  
     
 
(a)
  Earnings/(Loss) for the nine months ended September 30, 2009 and the year ended December 31, 2008 and 2006 were inadequate to cover fixed charges by $299.6 million, $1,127.2 million and $363.5 million, respectively.