EX-12 4 a06-25226_1ex12.htm EX-12

EXHIBIT 12

CABOT CORPORATION AND CONSOLIDATED SUBSIDIARIES

STATEMENT REGARDING COMPUTATION OF RATIO OF EARNINGS (LOSS) TO FIXED
CHARGES
(Amounts in millions, except ratios)

 

 

 

Years ended September 30

 

 

 

2006

 

2005

 

2004

 

2003

 

2002

 

Earnings (Loss):

 

 

 

 

 

 

 

 

 

 

 

Pre-tax income (loss) from continuing operations

 

$

97

 

$

(93

)

$

164

 

$

94

 

$

134

 

Distributed income of affiliated companies

 

5

 

3

 

2

 

3

 

3

 

Add fixed charges:

 

 

 

 

 

 

 

 

 

 

 

Interest on indebtedness

 

27

 

29

 

30

 

28

 

28

 

Portion of rents representative of the interest factor

 

6

 

3

 

3

 

4

 

4

 

Preferred stock dividend

 

2

 

3

 

3

 

3

 

3

 

 

 

 

 

 

 

 

 

 

 

 

 

Income (loss) as adjusted

 

$

137

 

$

(55

)

$

202

 

$

132

 

$

172

 

 

 

 

 

 

 

 

 

 

 

 

 

Fixed charges:

 

 

 

 

 

 

 

 

 

 

 

Interest on indebtedness

 

$

27

 

$

29

 

$

30

 

$

28

 

$

28

 

Capitalized interest

 

2

 

2

 

—

 

—

 

2

 

Portion of rents representative of the interest factor

 

6

 

3

 

3

 

4

 

4

 

Preferred stock dividend

 

2

 

3

 

3

 

3

 

3

 

 

 

 

 

 

 

 

 

 

 

 

 

Total fixed charges

 

$

37

 

$

37

 

$

36

 

$

35

 

$

37

 

 

 

 

 

 

 

 

 

 

 

 

 

Ration of earnings (loss) to fixed charges

 

4

 

(1

)

6

 

4

 

5