EX-12.1 4 aks20161231exhibit121.htm EXHIBIT 12.1 Exhibit


EXHIBIT 12.1
AK STEEL HOLDING CORPORATION
RATIO OF EARNINGS TO COMBINED FIXED CHARGES
(dollars in millions)

 
2016
 
2015
 
2014
 
2013
 
2012
Combined fixed charges:
 
 
 
 
 
 
 
 
 
Capitalized interest credit
$
3.1

 
$
2.1

 
$
2.7

 
$
2.7

 
$
2.5

Interest factor in rent expense
5.6

 
5.3

 
4.3

 
3.3

 
3.8

Other interest and fixed charges
164.0

 
173.1

 
144.2

 
127.6

 
86.8

Preference dividends
—

 
—

 
—

 
—

 
—

Total combined fixed charges
$
172.7

 
$
180.5

 
$
151.2

 
$
133.6

 
$
93.1

 
 
 
 
 
 
 
 
 
 
Earnings—pre-tax income (loss) with applicable adjustments
$
166.4

 
$
(239.8
)
 
$
77.1

 
$
93.7

 
$
(159.0
)
 
 
 
 
 
 
 
 
 
 
Ratio of earnings to combined fixed charges
NM*

 
NM*

 
NM*

 
NM*

 
NM*


* In 2016, 2015, 2014, 2013 and 2012, earnings were less than combined fixed charges by $6.3, $420.3, $74.1, $39.9 and $252.1, respectively.