EX-12.1 3 d575027dex121.htm EX-12.1 EX-12.1

Exhibit 12.1

Allegheny Technologies Incorporated

Computation of Ratio of Earnings to Fixed Charges

(Dollars in millions)

(Unaudited)

 

     Six  
     Months  
     Ended  
     6/30/2013  

Income before income tax provision and cumulative effect of change in accounting principle

    $ 23.0  

(Income) loss recognized on less than fifty percent owned persons

      10.1  

Noncontrolling interest in the income of subsidiary with fixed charges

      (3.8 ) 
  

 

 

  
   $ 29.3  

Fixed Charges:

   

Interest expense

    $ 26.9  

Portion of rents deemed to be interest

      3.9  

Capitalized interest

      20.2  

Amortization of debt expense

      1.8  
  

 

 

  

Fixed charges excluding capitalized interest

      52.8  

Earnings adjustments:

   

Capitalized interest

      (20.2 ) 
  

 

 

  

Earnings, as adjusted

    $ 61.9  
  

 

 

  

Ratio of earnings to fixed charges

      1.2