EX-12.1 6 ex121-10k2012.htm EX12.1 EX12.1-10K (2012)


Exhibit 12.1
Celanese Corporation and Subsidiaries
Statement of Computation of Ratio of Earnings to Fixed Charges
 
Year Ended December 31,
 
2012
 
2011
 
2010
 
2009
 
2008
 
(In $ millions, except ratios)
Earnings:
 
 
 
 
 
 
 
 
 
Earnings (loss) from continuing operations before tax
657

 
755

 
538

 
251

 
433

Subtract
 
 
 
 
 
 
 
 
 
Equity in net earnings of affiliates
(242
)
 
(192
)
 
(168
)
 
(99
)
 
(172
)
Add
 
 
 
 
 
 
 
 
 
Income distributions from equity investments
262

 
205

 
138

 
78

 
183

Amortization of capitalized interest
7

 
4

 
2

 
2

 
2

Total fixed charges
242

 
280

 
262

 
268

 
324

Total earnings as defined before combined fixed charges
926

 
1,052

 
772

 
500

 
770

Fixed charges:
 
 
 
 
 
 
 
 
 
Interest expense
185

 
221

 
204

 
207

 
261

Capitalized interest
2

 
1

 
2

 
2

 
6

Estimated interest portion of rent expense
55

 
58

 
53

 
49

 
47

Cumulative preferred stock dividends
—

 
—

 
3

 
10

 
10

Guaranteed payment to minority shareholders
—

 
—

 
—

 
—

 
—

Total combined fixed charges
242

 
280

 
262

 
268

 
324

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