EX-12 4 b41315ccex12.txt STATEMENT RE: COMPUTATION OF RATIOS OF EARNINGS... EXHIBIT 12 CABOT CORPORATION AND CONSOLIDATED SUBSIDIARIES STATEMENT REGARDING COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES (Amounts in millions, except ratios)
Years ended September 30 ----------------------------------------- 2001 2000 1999 1998 1997 ---- ---- ---- ---- ---- Earnings: Pre-tax income from continuing operations $150 $157 $113 $159 $112 Distributed income of affiliated companies 11 8 19 7 10 Add fixed charges: Interest on indebtedness 32 33 39 36 37 Capitalized interest 1 -- -- -- -- Portion of rents representative of the interest factor 4 4 5 5 5 Preferred stock dividend 3 3 3 3 3 ---- ---- ---- ---- ---- Income as adjusted $201 $205 $179 $210 $167 Fixed charges: Interest on indebtedness $ 32 $ 33 $ 39 $ 36 $ 37 Capitalized interest 1 -- -- -- -- Portion of rents representative of the interest factor 4 4 5 5 5 Preferred stock dividend 3 3 3 3 3 ---- ---- ---- ---- ---- Total fixed charges $ 40 $ 40 $ 47 $ 44 $ 45 Ratio of earnings to fixed charges 5 5 4 5 4 ==== ==== ==== ==== ====