EX-12 7 b48791ccexv12.txt EX-12 STATEMENTS RE: COMPUTATION OF RATIOS ... 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 ---------------------------------------- 2003 2002 2001 2000 1999 ---- ---- ---- ---- ---- Earnings: Pre-tax income from continuing operations $ 94 $134 $150 $157 $113 Distributed income of affiliated companies 3 3 11 8 19 Add fixed charges: Interest on indebtedness 28 28 32 33 39 Portion of rents representative of the interest factor 4 4 4 4 5 Preferred stock dividend 3 3 3 3 3 ---- ---- ---- ---- ---- Income as adjusted $132 $172 $200 $205 $179 ==== ==== ==== ==== ==== Fixed charges: Interest on indebtedness $ 28 $ 28 $ 32 $ 33 $ 39 Capitalized interest -- 2 1 -- -- Portion of rents representative of the interest factor 4 4 4 4 5 Preferred stock dividend 3 3 3 3 3 ---- ---- ---- ---- ---- Total fixed charges $ 35 $ 37 $ 40 $ 40 $ 47 ==== ==== ==== ==== ==== Ratio of earnings to fixed charges 4 5 5 5 4