STATEMENT REGARDING COMPUTATION OF RATIOS
Published on
Exhibit 12.1
Kaiser Aluminum Corporation
Computation of Ratio of Earnings to Fixed Charges
(In millions of dollars, except ratio of earnings to fixed charges)
| Quarter
Ended March 31, 2012 |
Year Ended | |||||||||||||||||||||||
| 2011 | 2010 | 2009 | 2008 | 2007 | ||||||||||||||||||||
| Earnings: |
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| Income (loss) from continuing operations before taxes and equity in (earnings) losses of unconsolidated affiliates |
42.8 | 41.3 | 25.1 | 118.6 | (91.3 | ) | 182.4 | |||||||||||||||||
| Fixed Charges |
5.5 | 22.6 | 17.9 | 5.1 | 3.4 | 9.1 | ||||||||||||||||||
| Interest capitalized |
(0.6 | ) | (1.3 | ) | (2.8 | ) | (2.7 | ) | (0.3 | ) | (3.1 | ) | ||||||||||||
| Amortization of interest capitalized |
0.1 | 0.6 | 0.5 | 0.3 | 0.2 | 0.2 | ||||||||||||||||||
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| Earnings |
47.9 | 63.2 | 40.7 | 121.4 | (88.0 | ) | 188.5 | |||||||||||||||||
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| Fixed Charges: |
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| Interest expense, including amortization of discounts, debt issuance costs and interest component of rent expense |
4.1 | 18.0 | 11.8 | — | 1.0 | 4.3 | ||||||||||||||||||
| Interest capitalized |
0.6 | 1.3 | 2.8 | 2.7 | 0.3 | 3.1 | ||||||||||||||||||
| Portion of rental representative of interest |
0.8 | 3.3 | 3.3 | 2.4 | 2.1 | 1.7 | ||||||||||||||||||
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| Fixed charges |
5.5 | 22.6 | 17.9 | 5.1 | 3.4 | 9.1 | ||||||||||||||||||
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| Ratio of earnings to fixed charges |
8.7 | 2.8 | 2.3 | 23.6 | (25.9 | ) | 20.8 | |||||||||||||||||
| Deficiency of earnings to fixed charges |
— | — | — | — | (91.4 | ) | — | |||||||||||||||||