EX-12.1 3 ex121-3q12.htm EXHIBIT EX12.1-3Q12


Exhibit 12.1
Celanese Corporation and Subsidiaries
Statement of Computation of Ratio of Earnings to Fixed Charges

 
Nine Months Ended
 
 
 
September 30,
 
Year Ended December 31,
 
2012
 
2011
 
2011
 
2010
 
2009
 
2008
 
2007
 
(In $ millions, except ratios)
Earnings:
 
 
 
 
 
 
 
 
 
 
 
 
 
Earnings (loss) from continuing operations before tax
544

 
661

 
755

 
538

 
251

 
433

 
437

Subtract
 
 
 
 
 
 
 
 
 
 
 
 
 
Equity in net earnings of affiliates
(163
)
 
(146
)
 
(192
)
 
(168
)
 
(99
)
 
(172
)
 
(150
)
Add
 
 
 
 
 
 
 
 
 
 
 
 
 
Income distributions from equity investments
222

 
165

 
205

 
138

 
78

 
183

 
135

Amortization of capitalized interest
5

 
7

 
4

 
2

 
2

 
2

 
1

Total fixed charges
176

 
210

 
280

 
262

 
268

 
324

 
322

Total earnings as defined before combined fixed charges
784

 
897

 
1,052

 
772

 
500

 
770

 
745

Fixed charges:
 
 
 
 
 
 
 
 
 
 
 
 
 
Interest expense
134

 
166

 
221

 
204

 
207

 
261

 
262

Capitalized interest
1

 
1

 
1

 
2

 
2

 
6

 
9

Estimated interest portion of rent expense
41

 
43

 
58

 
53

 
49

 
47

 
41

Cumulative preferred stock dividends
—

 
—

 
—

 
3

 
10

 
10

 
10

Guaranteed payment to minority shareholders
—

 
—

 
—

 
—

 
—

 
—

 
—

Total combined fixed charges
176

 
210

 
280

 
262

 
268

 
324

 
322

Ratio of earnings to combined fixed charges
4.5x
 
4.3x
 
3.8x
 
2.9x
 
1.9x
 
2.4x
 
2.3x