EX-12.1 5 exhibit121ratiocomputation.htm EXHIBIT 12.1 - RATIO COMPUTATION exhibit12.1ratiocomputation


Exhibit 12.1
Century Aluminum Company
Ration of Earnings to Fixed Charges
(Dollars in thousands, except ratios)


 
HISTORICAL
 
Nine months ended
 
Year Ended December 31,
 
September 30,
 
2009
2010
2011
2012
2013
 
2014
 
 
 
 
 
 
 
 
Earnings as Defined in Regulation S-K:
 
 
 
 
 
 
 
Pretax income from continuing operations before adjustment for minority interests in consolidated subsidiaries
$
(150,143
)
$
67,546

$
22,239

$
(29,323
)
$
(39,844
)
 
$
56,988

Add:
 
 
 
 
 
 
 
Fixed charges
30,390

25,625

23,699

24,030

23,091

 
16,541

Distributed income of equity investees
1,761

—

3,056

6,622

—

 
 
Subtract:
 
 
 
 
 
 
 
Interest capitalized
(53
)
(306
)
(531
)
(333
)
(94
)
 
(152
)
Earnings
$
(118,045
)
$
92,865

$
48,463

$
996

$
(16,847
)
 
$
73,377

 
 
 
 
 
 
 
 
Fixed Charges as Defined in Regulation S-K:
 
 
 
 
 
 
 
Interest expensed and capitalized
$
28,917

$
23,540

$
21,599

$
21,914

$
21,601

 
15,745

Amortized premiums, discounts and capitalized expenses related to indebtedness
1,473

2,085

2,100

2,116

1,490

 
796

Total Fixed Charges
$
30,390

$
25,625

$
23,699

$
24,030

$
23,091

 
$
16,541

 
 
 
 
 
 
 
 
Ratio of Earnings to Fixed Charges
-3.88

3.62

2.04

0.04

-0.73

 
4.44
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Dollar amount of the deficiency
148,435

 
 
23,034

39,938