EX-12.1 4 exhibit121.htm EXHIBIT 12.1
Exhibit 12.1
Allegheny Technologies Incorporated
Computation of Ratio of Earnings to Fixed Charges
(Dollars in millions)
(Unaudited)

| Nine Months Ended
| September 30, 2013
Income (loss) from continuing operations before income tax provision and cumulative effect of change in accounting principle | $ | (14.0 | )
(Income) loss recognized on less than fifty percent owned persons | 12.3 |
Noncontrolling interest in the income of subsidiary with fixed charges | (5.4 | )
| $ | (7.1 | )
Fixed Charges: |
Interest expense | $ | 44.2 |
Portion of rents deemed to be interest | 5.7 |
Capitalized interest | 32.9 |
Amortization of debt expense | 2.8 |
Fixed charges excluding capitalized interest | 85.6 |
Earnings adjustments: |
Capitalized interest | (32.9 | )
Earnings, as adjusted | $ | 45.6 |
Ratio of earnings to fixed charges | 0.5 |